James Wynn narrowly avoided liquidation by just $400, then doubled down with a bold $250M addition to his BTC long position.
Arkham tracked Wynn’s USDC activity across Binance, Hyperliquid, and ChangeNOW, revealing coordinated liquidity moves.
Despite a $760M BTC position at 40x leverage, Wynn admitted he’s gambling and warned others not to copy his high-risk trades.
James Wynn, a prominent crypto trader, recently emerged victorious after being just $400 away from liquidation. After facing a staggering $8 million unrealized loss, Wynn added another $250 million to his Bitcoin long position, signaling a dramatic shift in his trading strategy.
Arkham's On-Chain Data Reveals Key Transactions
According to a report by Arkham, the wallet under the alias JameswlynnReal (0x507) demonstrated substantial movement of funds, especially USDC, across centralized and decentralized exchanges. This activity spanned 10 hours, with notable transactions from platforms such as Binance and Hyperliquid’s Bridge2. Arkham's visualizations highlighted a complex web of flows involving billions of dollars, indicating high engagement with both centralized and decentralized exchanges.
https://twitter.com/arkham/status/1927908376358318264
The central Ethereum address, active in several tokenized asset transactions, transferred millions of USDC across platforms like Binance, ChangeNOW, and Hyperliquid. Transactions ranged from millions to sub-100k USDC, establishing a consistent liquidity provisioning pattern across exchanges. These movements corroborate a strategy focused on optimizing capital across a multi-exchange framework.
James Wynn's Portfolio Breakdown and Strategy
His cryptocurrency portfolio is diversified, as per wallet data, with Ethereum being at the forefront, worth $22,284.60. HYPE, ENFC, and JOTOMA tokens are also part of his portfolio, with additional exposure on other blockchain networks. With more than 89% of all his holdings, Ethereum is the dominant one, a clear reflection of his bullish outlook towards the flagship cryptocurrency.
Portfolio volatility shows very aggressive responses to price rallies, especially in mid-April and mid-May, when the price jumped. On both occasions, Wynn used both price rallies and changes in market liquidity to his advantage, characteristic of his high activity in both DeFi and centralized crypto environments.
Leverage and Risk Management in Wynn's Bitcoin Transaction:
Wynn's Bitcoin holding, worth more than $760 million, is leveraged 40x and enjoys a thin margin cushion against liquidation. The highly leveraged trade is a perfect example of Wynn's aggressive approach to earning money from the volatility of Bitcoin, aiming to capture small price movements for huge rewards. The overall position size, in terms of almost 7.03 BTC, is supported by his entry price of $108,335.
For all the obvious confidence, Wynn recently conceded he's "essentially gambling" and "strongly discourages" anyone from replicating his strategy. The unusual admission highlights the utter riskiness behind his trades, reiterating that these high-leverage tactics carry the potential for complete loss.
This positioning constitutes a conservative balance of risk and reward. Despite the narrow range-bound price action in Bitcoin, Wynn's highly leveraged position remains profitable with a 2.91% return on equity. Bitcoin's high volatility, particularly near critical price levels such as $108,000, offers both opportunity and peril to traders using leverage.
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