In a total plot twist that’s got Crypto Twitter spiraling, legendary trader James Wynn just rage-yeeted a $111 million short on Bitcoin after nuking his $1.25 billion long—with a $13.4M loss. Yeah, you read that right. Man literally rage-quit the bull run.
Wynn now holds a short position on 1,038.7 BTC at $107.7K on Hyperliquid using 40x leverage (aka max risk, max chaos), with a liquidation price chilling at $149K. And guess what? He’s already $544K up, according to Hyperdash. The dude went full villain arc in under 24 hours.
This sudden flip came hot on the heels of U.S. Prez Trump dropping a massive 50% EU tariff bomb, sparking fears of global market turbulence. On-chain? Dormant BTC wallets (5-7 years old) just woke up, possibly gearing up to dump—lining up perfectly with Wynn’s bearish vibes.
Just yesterday, Wynn closed his insane 11,588 BTC long—which literally dropped the price 1.3% on Hyperliquid. Now? He’s setting fire to bullish narratives like Fundstrat’s Tom Lee, who still thinks Bitcoin’s hitting $250K by New Year’s Eve. Lol, okay.
With the long/short ratio at 1.0375, Wynn’s short is a power move that’s shaking the charts and triggering existential dread among perma-bulls. Whether it’s genius or just giga-gambler energy, one thing’s clear: the market’s watching—and sweating.
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