High-leverage trader James Wynn deactivates X account
2025-07-12 22:00:24
Main Idea
High-leverage crypto trader James Wynn deactivated his X account after losing nearly all of his $100 million in high-risk Bitcoin bets, drawing attention to his speculative trading strategies.
Key Points
1. James Wynn's X account 'JamesWynnReal' was deactivated, and his wallets now show a combined balance of just $10,176.
2. Wynn lost $100 million in long-BTC positions after Bitcoin's price dropped below $105,000 in May 2025, resulting in the liquidation of 949 BTC.
3. Despite the loss, Wynn opened another $100 million Bitcoin bet shortly after, but was forced to liquidate 240 BTC (worth ~$25 million) to adjust his position.
4. Wynn admitted to lacking proper risk management, describing his trading as 'effectively gambling' in a now-deleted post.
5. His high-leverage trading drew criticism from long-term investors and scrutiny from the crypto community.
Description
High-risk trader James Wynn lost hundreds of millions of dollars in a matter of weeks by speculating on short-term price movements.
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