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Complete deposit and trading tasks to receive random LOT airdrops. Exclusive Alpha trading task await!
James Wynn "The High-Stakes Player" Returns: All-In Betting Against the Bitcoin Market
James Wynn – a name that once made the crypto community admire him for his bold order entries, is now in the spotlight once again. But this time, not because of big profits, but because of a risky bet against the market while Bitcoin is bouncing back strongly. From Losing 100 Million USD to Going All In Once Again After the shock at the end of May when Wynn lost up to 100 million USD in just one Bitcoin order, many thought he would withdraw or at least be more cautious. But no. Wynn not only did not leave the game, but also raised the risk level higher than ever. Recently, he publicly opened a large short order at a price of about 108,500 USD/BTC, using 40x leverage and spreading his position across multiple exchanges. The reason? "Avoid the sharks manipulating – the ones I call the cabal," Wynn wrote on his personal Twitter account. 📉 "This pump is fake. A red candle will appear soon - very intense," - Wynn warns. Have locked in some profits, continue to bet heavily When the price of Bitcoin dropped to the range of 100,000 – 101,000 USD, Wynn took profits of over 50 million USD. However, he did not stop there. Currently, Wynn has returned to the market with an even larger short position, believing that "the price is being artificially pushed up to lure FOMO before a significant drop." Instead of learning from the huge loss, Wynn openly admitted:
📢 "I am not an expert. I am a gambler. I do not use risk management. Don't anyone follow me." Not Only Bitcoin – Wynn Also Targets Altcoins And Meme Coins Not stopping at BTC, Wynn is also taking large positions in altcoins and meme tokens – especially PEPE. In a newly created wallet, he has placed significant orders and is currently holding over $2 million in unrealized profits. Wynn shares that his strategy is to take advantage of "crazy waves" from meme coins, because according to him, "that's where there is enough volatility to make quick gains – or die quickly." The Risky Move, The Outcome Is Unclear The story of James Wynn is a great lesson for those who are pursuing the dream of "quick wealth" from crypto. On one hand, he demonstrates tenacity and an excellent ability to grasp market psychology. On the other hand, his "life-risking" style is also a double-edged sword. Will Wynn win big again, or will it continue to lose everything?
In the crypto world, where everything can change in just one 1-hour candle – no one knows for sure.
🧠 Note: James Wynn is a controversial figure. He does not encourage anyone to mimic his strategy. If you are trading, always prioritize risk management.