James Wynn’s $100M Bitcoin Wager Sparks Allegations of Market Sabotage
Crypto Trader Claims Market Makers Are “Hunting” His Positions
James Wynn, a well-known multimillionaire crypto trader, has made headlines once again after placing a second high-stakes $100 million leveraged long position on Bitcoin (BTC). This move comes just days after losing a similar bet when the market briefly dipped below $105,000.
According to data from blockchain aggregator Hypurrscan, Wynn’s new trade will be liquidated if BTC falls below $103,630. At present, the position is showing an unrealized loss of over $592,000.
This risky trade echoes Wynn’s first $100 million position, which was liquidated on May 30 when Bitcoin hit a 10-day low. The move has alarmed traders across the crypto sphere, especially as Bitcoin’s next major support level hovers slightly above $103,000.
“They’re Coming for Me Again”: Wynn Alleges Targeted Liquidation
Wynn, who has grown increasingly vocal on social media, took to X (formerly Twitter) on June 2, claiming that his liquidation level of $103,640 is being deliberately targeted by powerful market players.
“Don’t let these evil bastards liquidate me,” he wrote.
Backing Wynn’s claim, popular crypto figure Altcoin Gordon pointed to suspicious timing in the markets, stating that within seconds of Wynn’s new position, market makers “dumped the price toward his liquidation price of $104,580.”
Crypto Community Responds With Donations
In an unusual twist, some traders have started to send donations to Wynn’s wallet address to help him maintain his leveraged positions. Data from blockchain analyst “dethective” reveals that at least 24 users contributed stablecoins, with the largest donation nearing $8,000.
Wynn had earlier appealed to the crypto community to help him “fight the market-making cabal,” promising to reimburse donors if his trade succeeds.
Exchanges Shut Accounts, Wynn Predicts Bitcoin Rebound
Adding to the drama, Wynn has also alleged that some of his personal accounts on cryptocurrency exchanges were shut down overnight, with no explanation offered. He believes this move may be tied to his trading activities and public allegations.
Despite the pressure, Wynn remains defiant. In a June 3 follow-up post, he argued that the bearish momentum is fading, and predicted a surprise Bitcoin rally that would leave the market “caught off guard.”
Uncertainty Builds Ahead of Key Economic Data
The crypto market remains cautious as traders await the U.S. jobless claims report on June 5, a release that could influence Bitcoin’s trajectory. According to Nexo dispatch editor Stella Zlatareva, many investors are currently in a “wait-and-see mode.”
As Bitcoin flirts with its next support level, James Wynn’s $100 million gamble stands at the center of a market increasingly filled with tension, speculation, and whispers of manipulation.
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