Just as Bitcoin reached its new all-time high of $112,000, a bold move caught everyone’s attention. James Wynn, a high-profile crypto trader and risk-taker, has opened a massive short-term Bitcoin trade with 40x leverage. With $1.27 million on the line, Wynn is betting that Bitcoin’s price is about to drop. 😲
But does this mean another correction is coming soon? 🤔
James Wynn Short Bitcoin With 40x Leverage: A High-Stakes Gamble 🎰
According to Lookonchain, James Wynn just put 27,522 USDC into Hyperliquid and picked up nearly $4,000 in referral rewards. He then used the money to open a 40x leveraged short on Bitcoin, betting that the price would drop. 📉
With this much leverage, even a small drop could give him big profits, but if Bitcoin rises instead, he could lose it all fast. 💸💸💸
Right now, Wynn’s short is worth 11.45 BTC, or about $1.27 million. If Bitcoin climbs past $112,360, his trade will be liquidated. Meanwhile, this risky bet comes as Bitcoin keeps testing $112,000. 🔍
James Wynn(@JamesWynnReal) is back again!
He deposited 27,522 $USDC into Hyperliquid and claimed a $3,960.84 referral reward 2 hours ago… then went all in with a 40x leveraged $BTC short.
Current position: 11.45 $BTC($1.27M)
Liquidation price: $112,360— Lookonchain (@lookonchain) July 10, 2025
While many traders see this level as strong support, Wynn thinks a price drop is near. 🧐
Bitcoin Could Dip Before Surge: A Tale of Two Charts 📈📉
Meanwhile, Popular crypto analyst Crypto Jelly shared an hourly Bitcoin chart showing that the world’s top crypto is dipping slightly, but there might be a bounce waiting just around the corner. 🌊
In his shared chart, Bitcoin touched a $112,000 level recently but is now drifting around the $110,700 mark. The white line Crypto Jelly drew hints at a possible small drop before a sharp bounce that could push Bitcoin back up near $109,300 and beyond. 🚀
As of now, Bitcoin is trading around $110,815, reflecting a jump of 1.5% in the last 24 hours. 📈
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2025-07-10 17:37