- James Wynn raised his BTC long to 7,227 BTC worth $790 million.
- His liquidation level sits dangerously close at $107,580.
- This move followed a $60 million loss over one volatile trading week.
James Wynn just raised the stakes in a big way. The high-leverage trader pushed his Bitcoin — BTC , long position to a jaw-dropping $790 million, eyeing a target near $110,000. This bold move came after a turbulent week where Wynn endured a massive $60 million drawdown. Yet despite the setback, he’s doubling down, showing the same fearless risk appetite that made him a legend among degens and serious traders alike.
Wynn’s High-Stakes Game Takes a Hit
The drama began on May 19. Wynn opened a 40x long on 5,520 BTC at $103,302. His liquidation level stood close—just under $98,300. That aggressive entry set the tone for a wild week. The very next day, he expanded the position to 7,764 BTC. His entry moved up to $105,033, and the new liquidation sat at $100,330. Every tick against him brought him closer to a forced exit. On May 21, Wynn pushed even harder. He increased exposure to 9,371 BTC, pushing the value beyond $1 billion.
Unrealized gains touched $10.7 million. Later that day, he cashed out 2,139 BTC, locking in nearly $12 million in profit. That left 5,203 BTC still live—worth over $550 million. Wynn wasn’t done. On May 22, he entered another long of 10,200 BTC at $108,065. Bitcoin touched $111,900, and paper profits soared to $39 million. But fortune didn’t favor him for long. A 4% market dip on May 23, triggered by Trump’s EU tariff news, crushed momentum. Prices dropped to $106,700.
What’s Next for Wynn?
Wynn raised his BTC long to 11,588 BTC at $108,243. His liquidation price fell to a dangerous $105,180. That bold move backfired. On May 25, he exited at $107,746, realizing a $13.39 million loss. By then, Wynn had shifted gears. He opened a massive short of 7,967 BTC, valued at $856 million. The market didn’t favor him this time either.
He closed over $1 billion in shorts by May 26. The damage? A $15.87 million loss in 15 hours. Add $5.3 million in Ethereum and other losses, and the total drawdown hit $60 million in one week. Wynn admitted the blow but stayed unfazed. In a post on May 26, he confirmed his account still held $25 million in profit. He started with just $3–4 million.
At one point, his profits peaked at $87 million. Now, he’s back in the ring, placing another colossal bet. His new long position? 7,227 BTC at $110,084, worth $790 million. Liquidation stands tight at $107,580. One wrong move, and the loss could be brutal. One right move, and he rides the wave to legendary status again.
