James Wynn opened a $100 million Bitcoin long position and is down 39% in the last 3 minutes.

Loss Amount: $39 million ($100M-0.39).

Cause: This indicates an extremely violent drop in Bitcoin's price, likely amplified by high leverage and potentially triggering liquidations.

Risk: Such rapid, massive losses highlight the extreme volatility and risk of leveraged crypto trading.

Verification: Claims like this often circulate online always verify through reputable sources before accepting them as fact.