James Wynn Bets Big Again with 40x Short on Bitcoin Amid Major Losses

James Wynn, once hailed as one of the most daring and profitable crypto traders of the year, is back in the spotlight with a bold new move: a 40x leveraged short position on Bitcoin. The position, worth 13.9 BTC (around $1.49 million), places Wynn’s liquidation price dangerously close at $108,630 — just within Bitcoin's current trading range.

Wynn rose to fame through a series of high-risk, high-reward trades on Hyperliquid, at one point boasting a staggering $87 million in unrealized profits. However, the volatile Bitcoin market turned against him. Recent trading missteps during BTC's erratic $105K–$112K swings led to catastrophic losses. A massive 10,000 BTC long position from $112K was wiped out during a weekend gap following a surprise EU tariff pause. Attempts to reverse his stance with short positions failed, resulting in a total of $98 million in realized losses in one week.

Wynn’s personal PNL is now reportedly down $12 million, with only $4.4 million remaining in his account— a steep fall from his peak. Despite the setbacks, his latest high-leverage short bet has reignited public interest and social media speculation.

Traders and crypto watchers are questioning whether Wynn is making a calculated comeback or risking it all in one final attempt to reclaim former glory. With the liquidation threshold so close, this position may end like many of his recent trades — in another high-profile wipeout. Wynn’s journey serves as a stark reminder of the brutal risks of leveraged crypto trading.