Trader James Wynn Goes All In On $1B Bitcoin Short As Saylor Teases Another Strategy BTC Buy
A crypto trader on the platform Hyperliquid named James Wynn has opened a nearly $1 billion short bet against Bitcoin with 40x leverage, while Michael Saylor hints at another Strategy BTC buy. According to a May 25 X post by on-chain analytics platform Lookonchain, Wynn “opened a $BTC short position of 1,038.7 $BTC($111.8M) at $107,711.1 an hour ago, with a liquidation price of $149,100.” With this recent trade, Wynn has put almost his entire wallet, which holds nearly $50 million, on the line. Wynn Closes His Massive Bitcoin Long Position At A Loss The move by Wynn comes just hours after the trader closed a massive long bet. With that long bet, Wynn opened a $1.25 billion position with 40x leverage as well. He even predicted that Bitcoin would soar to $110K on May 24 Saturday. I think $BTC shoots to $110k today — James Wynn 🐳 (@JamesWynnReal) May 24, 2025 However, Bitcoin’s price only rose from around $107,300 to about $108...