Bitcoin: James Wynn bets 19 million on growth with a new long position

Bitcoin returns to the spotlight in financial markets thanks to the new speculative strategies of James Wynn.

The well-known multimillionaire trader, despite recent liquidations that cost him millions, has once again surprised investors and observers by reopening high-leverage positions on the most famous digital asset.

Wynn has demonstrated unwavering faith in the bull momentum of Bitcoin, betting a total of over 19 million dollars on a price increase, a move that raises questions but fuels the debate on the volatility and opportunities offered by cryptocurrencies.

The new bold investments of James Wynn in Bitcoin

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The heart of the new Wynn strategy on Bitcoin is a long position with 40x leverage. This implies that even a minimal price change can multiply profits, but also losses.

The investment reaches an astonishing value of over 19.5 million dollars, with an entry price set around 117,000 dollars, a threshold around which Wynn is betting on a further bull of the cryptocurrency.

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The position, currently active in the market, involves a very high risk: if the price were to drop below approximately 115,750 dollars, liquidation would occur, resulting in a total loss of the investment.

To maintain this bet, Wynn has already faced approximately 1.4 million dollars just in financing costs – a significant amount even for a large investor.

Despite this, the unrealized profit at the moment is around 78,000 dollars, prompting the bold trader to hold the position firm in the hope of a short-term bull rally.

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Trading with financial leverage, especially on volatile assets like Bitcoin, represents a practice of extremely high risk. The 40x leverage means that Wynn has multiplied his real exposure by 40 times compared to the invested capital.

This mechanism, which is based on borrowed funds, enormously amplifies the possible gains but equally elevates the potential losses. However, as often happens, the room for maneuver narrows in the presence of strong opposing market movements.

Consequently, this strategy attracts both the more aggressive profiles and the more skeptical ones, aware that often a sudden dip can generate liquidations that heavily impact the traders’ accounts.

The previous trades of Wynn and the role of market makers

The notoriety acquired by James Wynn in the crypto world is closely linked to his spectacular operations, many of which have ended with million-dollar liquidations.

Already at the end of May, Wynn had captured the attention of enthusiasts with a 100 million dollar long position on Bitcoin, liquidated after the digital coin briefly fell below 105,000 dollars.

The operation concluded with a significant loss and led Wynn to attempt recovery with a new bet on June 3, which was also liquidated and responsible for an additional loss of about 25 million dollars.

Despite the disappointments, Wynn did not back down and publicly claimed that his liquidation levels would be the subject of orchestrated attacks by major market participants, such as market makers.

These operators, crucial for the liquidity of exchanges, are accused of deliberately pushing the price below certain levels to trigger liquidations.

In a post on X (formerly Twitter), Wynn stated: “They are coming after me again,” urging his community to prevent his positions from being liquidated again.

As of today, Wynn interprets that the market maker have run “out of gunpowder,” suggesting that their power for downward manipulation is now exhausted and that Bitcoin may break free from these distorting dynamics.

If Wynn embodies the bull spirit of the market, there are equally aggressive strategies but in the opposite direction. An emblematic example is that of Qwatio, another well-known trader in the field, who has decided instead to open a short position on Bitcoin with 40x leverage.

The goal, in this case, is to profit from a potential price drop. However, recent reports have shown that this maneuver also carries enormous risks.

Qwatio has indeed recorded a series of liquidations and significant losses in recent weeks, indicating that volatility rewards only a few times and often wipes out even the most experienced.

The bet on PEPE: risk and opportunity in the memecoin

In parallel, Wynn expands his investment portfolio by betting on the very popular PEPE, a memecoin that in recent months has experienced rapid rises and sudden falls.

In this case, the position is more contained compared to that on Bitcoin, but still significant: with over 102,000 dollars invested in a 10x leveraged long, Wynn is still betting on the bull, taking on considerable risks due to the extreme volatility typical of memecoins.

The entry occurred at approximately 0.01201 dollars per PEPE token; the liquidation price remains unknown. It is important to note that the asset has experienced a decrease of more than 3% in the last 24 hours, according to CoinMarketCap data.

However, although the recent trend has been negative, PEPE seems to be in a slow recovery phase, fueling the hopes of Wynn and other speculators ready to capitalize on any bull market rebounds.

The operations of James Wynn on Bitcoin and memecoin like PEPE represent the most extreme face of speculative finance in the crypto world.

The massive use of leverage, the calculated (but extremely high) risk, and the accusations against market makers illuminate some of the most controversial and fascinating dynamics that animate these markets.

However, the stories of million-dollar liquidations and strategies that can change direction within a few hours should always remind everyone – experts and beginners – how fundamental it is to balance profit ambitions and risk management. Those observing these movements today have the opportunity to reflect on the potential of Bitcoin and memecoins in redefining the investment landscape, but also on the dangers inherent in chasing the big trends without solid planning.

For those who choose to follow its evolution, staying updated on the major investors and the dynamics of market operators can offer valuable insights, always with the warning that every investment in crypto assets, by its nature, involves an ineliminable component of risk.