The cryptocurrency market is once again paying attention to James Wynn - a trader known for his 'big bets' and extremely high leverage. This time, Wynn is causing a stir in the community with a large long-term position on Ether, as this cryptocurrency continues to break new records.

Strong Strategy: Open a Long Position on Ether 25x - Profit over 260%

In keeping with his familiar style, Wynn opened a long position on Ether with 25x leverage at an average price of $4,239, using over $5,500 in collateral. According to blockchain data, this position is currently controlling nearly $140,000 worth of Ether, with unrealized profits of approximately $15,000. A profit ratio exceeding 260% demonstrates the power of leverage - where a small amount of capital can be amplified to generate massive profits, while also revealing hidden risks if the market reverses.

Diverse Leverage Contracts - $DOGE is still 'Ripple'

In addition to Ether, Wynn also holds a 10x long position on Dogecoin worth over $200,000. However, this bet is currently recording a slight loss as DOGE trades below the entry price. This shows that while Ether has brought immense success, Wynn's trading portfolio still contains volatility and unpredictable risks.

From Bitter Failure to a Strong Comeback

Wynn's return is even more remarkable when looking back at the 'collapses' from last summer. Earlier this year, he was completely liquidated on a long position of $100 million in Bitcoin, followed by another multi-million dollar loss in just a few days. These significant failures caused Wynn to 'disappear' from social media, leaving behind a vague message hinting at a financial crisis. However, in mid-July, Wynn made a sudden return with a series of new positions on Bitcoin and PEPE - a sign that his risk-taking greed has not diminished. This comeback coincided with the cryptocurrency market recovering due to positive macro signals.

Ethereum Explosion: Support from Macro to Institutional Capital

Ether surpasses $4,860 - the highest since 2021 - clearly reflecting a reversal in investment sentiment. The market was stimulated by signals from the U.S. Federal Reserve (Fed) regarding the possibility of interest rate cuts in September, a factor that often drives capital into risk assets like cryptocurrencies. Additionally, institutional capital is flowing into newly launched ETH funds, attracting $287 million in just one day, bringing total assets under management to over $12 billion. Furthermore, many large corporations are actively accumulating ETH, with nearly $1.6 billion added to reserves just last month.

Conclusion: Wynn and the market enter a 'hot' phase

James Wynn's story is a vivid testament to the allure - and risk - of leveraged trading in the cryptocurrency market. As Ether surges thanks to macro factors and institutional capital, strong traders like Wynn can reap enormous profits, but at the same time, they face the risk of account liquidation at any moment.

In this context, all eyes are on Ether and the 'big players' - is this the beginning of a new growth cycle, or just a short wave before the storm?

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