James Wynn Places Bold $19M Bitcoin Long Bet Amid Market Volatility
Crypto trader James Wynn, known for his high-risk leveraged trades and outspoken claims about market manipulation, is back — this time with over $19 million staked on a 40x leveraged long position in Bitcoin and another $100,000 wagered on memecoin PEPE.
His return comes just weeks after losing nearly $25 million in a previous high-profile trade.
Wynn Doubles Down with $19.5M Bitcoin Long
Wynn’s latest Bitcoin position was opened at $117,000, leveraging it 40 times, which places his liquidation threshold at $115,750. According to blockchain tracking site Hypurrscan, the position is already costing him $1.4 million in funding fees.
Despite the costs, Wynn is currently sitting on an unrealized profit of $78,000.
$100K PEPE Position Signals Risk Appetite
Wynn has also opened a 10x leveraged long position on PEPE, valued at over $102,000. Entered at $0.01201, the exact liquidation point is not publicly available, but blockchain records confirm the position’s active status.
This bet aligns with Wynn’s pattern of mixing serious bets on Bitcoin with more speculative plays on meme tokens.
A History of Big Risks and Bigger Losses
Wynn gained notoriety in May 2025, when his $100 million leveraged Bitcoin trade was wiped out after BTC fell below $105,000.
Just days later, he tried again with another $100 million leveraged long, only to be liquidated and lose nearly $25 million by June 5.
He later accused market makers of targeting his liquidation levels.
“They’re coming for me again,” Wynn wrote on X (formerly Twitter), warning followers of what he called “orchestrated efforts” to push Bitcoin prices below his critical thresholds.
Market Makers “Out of Gun Powder,” Wynn Claims
Wynn appears confident that conditions are now different.
“Beautiful timing for a 40x long,” he posted this week.
“Never financial advice of course. But the MM’s are out of gun powder.”
His latest move suggests he believes Bitcoin’s short-term upside is intact — despite previous losses and growing volatility.
Not Everyone is Bullish
While Wynn is betting on Bitcoin’s rise, other traders remain bearish.
A trader known as Qwatio recently opened a 40x leveraged short valued at $2.3 million, according to Hyperdash data shared by analyst EmberCN.
Qwatio has already suffered eight liquidations in a single week, losing a combined $12.5 million, according to Cointelegraph reporting on June 30.
High Leverage, High Risk
Leveraged trading continues to attract high-stakes investors — and major losses.
In March 2025, a crypto whale lost over $308 million on a 50x leveraged Ether position after ETH fell below $1,877.
The Wynn saga serves as a reminder that extreme leverage magnifies both profits and losses, often with dramatic results in crypto’s fast-moving markets.
PEPE Pulls Back But May Rebound
While PEPE has dropped more than 3% in the past 24 hours, according to CoinMarketCap, its active community and speculative appeal keep it in the spotlight for high-risk traders like Wynn.
Source: James Wynn, Hypurrscan, CoinMarketCap, Hyperdash, EmberCN
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