James Wynn is known for going all in with risky crypto strategies, and recently, he has experienced another liquidation. On June 2, Wynn bought $100 million worth of Bitcoin (BTC) using a 40x margin and put up 945 BTC as collateral. This was preceded by a $1.25 billion collapse in May 2025, which again was caused by over-leveraged positions.
At first, Wynn put up $2.5 million in margin and, after that, added $480,000 more to lower the amount that could be liquidated to $103,637. When BTC’s price went down quickly, another compulsory exit took place. How volatile the markets were at the time suggested that many families may have sold their shares at once, however, it was also thought that big institutions may have influenced the selling.
With Wynn’s trade occurring and the price plummeting, people are once again debating if whales can influence market prices.
Strategic Moves or High-Stakes Speculation?
Despite two back-to-back losses, Wynn continues to engage with high-risk positions. His ability to return swiftly after a $100 million loss suggests a calculated approach rather than impulsive trading. Skeptics say that the profit he made from HYPE tokens could suggest that he has a planned strategy behind his actions.
Still, using 40 times leverage regularly makes some people question how enduring using such strategies can be in a highly volatile market. The most recent collapse shows how dangerous extreme leverage can be during fast-changing trading times.
It is reported that other traders are taking positions opposing Wynn’s, seeking to make profits once Wynn is forced to close out his trades because of market stress which increases market uncertainty.
BTC Holds Firm Above $100K as Momentum Cools, Eyes on Next Move
Bitcoin shows price consolidating near $105,000 following a strong multi-month uptrend. Despite the recent retracement, the RSI stands at 53.49, indicating neutral momentum and room for further upside if buyers return.. At the moment, according to MACD, there is a bearish crossover.
Source: Tradingview
MACD line (1,615.89) moves below the signal line (2,484.26), pointing to some loss of bullish momentum and not in favor of a short-term rise. Bitcoin is above $100,000 and could be marked by this price level acting as support, while breaking above recent highs could indicate the trend is not finished.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. CoinCryptoNewz is not responsible for any losses incurred. Readers should do their research before making financial decisions.
