James Wynn returns with $19M leveraged Bitcoin long, $100K PEPE bet
2025-07-15 14:09:58
Main Idea
James Wynn has opened new leveraged positions in Bitcoin and Pepe, signaling renewed confidence despite previous liquidations, while claiming market makers are attempting to suppress Bitcoin's price.
Key Points
1. James Wynn opened a 40x leveraged Bitcoin long position worth over $19.5 million at $117,000, with a liquidation price below $115,750.
2. Wynn also opened a 10x leveraged long position on Pepe worth over $102,000 at $0.01201, though its liquidation price is unknown.
3. Wynn previously lost nearly $25 million on leveraged Bitcoin bets after being liquidated twice in early June.
4. Wynn claims crypto market makers are trying to crash Bitcoin's price below his liquidation levels, stating they are 'out of gun powder.'
5. Another trader, Qwatio, opened a 40x leveraged short position worth $2.3 million on Bitcoin but has been liquidated eight times in a week, losing $12.5 million.
Description
Wynn previously claimed that his leveraged positions were deliberately “hunted” by crypto market makers looking to sink Bitcoin’s price below his liquidation threshold.
Latest News
- Uniswap President Mary-Catherine Lader steps down after 4 years2025-07-15 22:02:12
- Ether holding $3K opens door to 1,100% ‘vertical phase’ rally: Analyst2025-07-15 21:09:25
- Prosecutors link Roman Storm to DPRK hackers in trial opening statements2025-07-15 21:07:32
- Legacy finance discovers stablecoins as JPMorgan, Citigroup consider market entry2025-07-15 20:35:50
- Bitcoin dips as June CPI confirms sticky inflation trend: Are BTC dips for buying?2025-07-15 20:03:12