James Wynn, a trader famous for extreme leverage moves, just opened a 25x long on Ether as ETH reached a peak around 4,867 USD on Coinbase, while also maintaining a 10x DOGE position.
On-chain data shows Wynn controls a leveraged portfolio of about 345,000 USD with a margin usage of nearly 110%, benefiting from ETH's upward momentum due to expectations of interest rate cuts and inflows into spot ETFs.
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Wynn opened a 25x long on ETH worth 29.3 ETH, with unrealized profit of 14,888 USD, but is currently slightly losing on the 10x DOGE order.
ETH reached a peak of 4,867 USD on Coinbase, benefiting from expectations of Fed rate cuts and cash flow into spot ETFs.
Spot ETH ETFs recorded a net capital flow of 287.6 million USD, AUM exceeding 12.1 billion USD; corporate treasury increased holdings by approximately 1.6 billion USD.
Who is James Wynn in the cryptocurrency market?
Wynn is a famous trader known for very high leverage orders, previously attracting attention due to the scale of positions and large PnL fluctuations. His trading profile is often tracked through on-chain data.
Wynn's reputation exploded after multi-million dollar trades and shocking liquidations. Despite high risks, he continues to return to the market with large leverage, widely monitored through data platforms like Hyperdash.
What is notable about Wynn's 25x long position in ETH?
Wynn has deposited about 5,568 USD to open a 25x long position of 29.3 ETH worth 139,215 USD, with an average entry price of 4,239 USD, and an unrealized profit of 14,888 USD, equivalent to over 267% on margin.
According to on-chain data from Hyperdash, this position reflects strong confidence in ETH's upward trend as the asset sets new peaks. However, 25x leverage makes the safety margin narrow, easily amplifying profit fluctuations and liquidation risks if prices reverse quickly.
Data source: Hyperdash displays the trading address 0x5078…eDb6 along with real-time PnL statistics, helping verify the scale and status of the position.
What are the size, entry price, and PnL of the current ETH order?
Wynn's ETH position: 29.3 ETH, entry price 4,239 USD, value 139,215 USD, unrealized profit 14,888 USD, profit on margin over 267%.
These figures show a strong leverage effect when ETH breaks its peak. In a high volatility context, PnL can change significantly with each price fluctuation, especially around resistance levels/historical peaks.
What is the risk level of the 25x ETH position?
Wynn's margin usage is about 110%, indicating a high risk appetite and significant position management pressure during volatility.
25x leverage forces traders to manage risk tightly, set stop-loss thresholds, and monitor funding and basis. Rapid corrections after new peaks can significantly narrow the safety margin of the margin.
How is Wynn trading DOGE?
He maintains a long DOGE 10x worth 206,130 USD for 867,335 DOGE, with an average entry price of 0.2398 USD, currently showing an unrealized loss of about 1,886 USD when DOGE is around 0.237 USD.
The DOGE order going against ETH's upward trend shows a divergence between risky assets. With 10x leverage, even small price fluctuations can significantly impact PnL, requiring a more flexible position management strategy compared to spot.
What are the core parameters of the 10x DOGE order?
Volume of 867,335 DOGE, nominal size 206,130 USD, entry price 0.2398 USD, unrealized loss of 1,886 USD when the price is around 0.237 USD.
The position is slightly 'underwater', but the recovery potential still depends on speculative cash flow and market risk sentiment in altcoins, which can fluctuate dramatically based on news and liquidity.
Where are the total exposure and capital of Wynn?
Wynn's total leveraged exposure is about 345,000 USD, with equity capital approximately 26,600 USD, and margin usage around 110%.
High aggregate leverage ratios make the portfolio sensitive to fluctuations. PnL can shift rapidly according to ETH and DOGE prices. In this context, adjusting positions, taking profits/optimizing margin is crucial to avoid the risk of cascading liquidations.
When did Wynn return to trading?
After a period of absence on social media and temporarily locking his X account, Wynn has returned to the market since July 15 with significant orders.
He once opened a 40x long BTC position worth 19.5 million USD and a 10x long PEPE position worth over 100,000 USD. Earlier, on May 30, a 100 million USD leveraged BTC position of his was liquidated, following a 25 million USD loss on June 5. These events led him to claim he was 'liquidation hunted'.
Why did Ether reach a new peak on Coinbase?
ETH reached 4,867 USD on Coinbase, the highest since 11.2021, thanks to expectations that the Fed may cut interest rates in September and the influx of cash into spot ETH ETF funds.
When easing signals appear, risk appetite often improves, supporting growth assets like cryptocurrencies. The combination of policy expectations, liquidity from ETFs, and corporate accumulation activities creates a foundation for ETH's breakout.
How do signals from the Fed affect risky assets?
Fed Chairman Jerome Powell signaled a possible interest rate cut in September, boosting risk-on sentiment in the market.
Expectations of interest rate cuts help lower capital costs, increasing investor risk appetite and prioritizing growth assets. Cryptocurrencies, especially ETH, benefit when cash flows are reallocated to high beta channels.
How is capital flow into spot ETH ETFs changing?
Spot ETH ETFs recorded a net capital flow of 287.6 million USD on Thursday, bringing total assets under management to over 12.1 billion USD, reversing after 4 consecutive withdrawal sessions.
The return of capital flow indicates improved confidence in ETH in the short term. The increase in AUM enhances attractiveness to institutional capital groups, while also creating a more stable structural demand for the spot market.
How has the corporate treasury accumulated ETH recently?
In the past month, companies like BitMine, SharpLink, Bit Digital, BTCS, and GameSquare have purchased approximately 1.6 billion USD in ETH, bringing total corporate reserves to nearly 30 billion USD.
The treasury cash flow indicates that diversification into digital assets is becoming more evident, creating a layer of strategic demand that supports ETF capital flow. This contributes to stabilizing ownership structure and reducing dependence on short-term speculative cash flow.
What on-chain data sources are used to track Wynn's positions?
Wynn's position information is extracted from Hyperdash, displayed by on-chain address, size, entry price, and real-time PnL.
Readers can check the trading profile directly on Hyperdash to verify parameters: nominal size, leverage level, profit/loss status, and position adjustment history.
Source: Hyperdash profile of James Wynn
Summary table of Wynn's current positions
The following table summarizes the key parameters of the leverage orders held by Wynn:
Asset Leverage Nominal Size Volume Entry Price PnL Status Ether (ETH) 25x 139,215 USD 29.3 ETH 4,239 USD +14,888 USD (over 267% on margin) Dogecoin (DOGE) 10x 206,130 USD 867,335 DOGE 0.2398 USD -1,886 USD, price ~0.237 USD
Frequently Asked Questions
What data source is Wynn using to track PnL and positions?
Hyperdash aggregates on-chain data by wallet address, showing nominal size, entry price, and real-time PnL. Source: Hyperdash.
Why did ETH rise sharply when there were expectations of Fed rate cuts?
When interest rates decrease, capital costs lower, investors increase their risk appetite, prioritizing growth assets like ETH. This often accompanies cash flow into ETFs and the spot market.
What notable events did the spot ETH ETF report this week?
A net capital flow of 287.6 million USD on Thursday, with AUM exceeding 12.1 billion USD, reversed after 4 sessions of capital withdrawals. This is a positive signal for institutional demand.
What impact does the business buying more ETH have?
The treasury cash flow of about 1.6 billion USD in the past month has helped diversify ownership, increase structural demand, and support a more stable and sustainable trend for the ETH market.
What risks does high leverage pose to traders?
Leverage amplifies both profits and losses, narrows margin safety margins, and increases the risk of liquidation when prices fluctuate sharply. Risk management and strict stop-loss discipline are essential.
Source: https://tintucbitcoin.com/james-wynn-long-eth-25x-dinh-moi/
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