James Wynn, known for his high-stakes crypto trades, has opened another $100 million long position on Bitcoin.
Almost immediately after his order hit the market, BTC’s price started dropping toward his liquidation level of $103,640.
BTC Price Dumps Amid James Wynn’s $100 Million Bet
The rapid downturn has sparked renewed speculation about the influence of so-called “shady market makers,” who are believed to monitor and manipulate large on-chain positions.
“James Wynn opened another $100M BTC long Within seconds the shady market makers dumped the price towards his liquidation price of $104,580 Why are they so desperate to see him lose?” crypto analyst Gordon asked on X.
Wynn, once up $87 million in late May, is now down $1.4 million, highlighting the brutal volatility of leveraged crypto trading.
“The moment I entered my long the insta hunted me. There is an agenda here and I don’t know what it is. It can’t be just my long, maybe it’s because I’m a fish playing a whales game or maybe it’s because I’m bringing attention to Hyper Liquid,” James Wynn posted on X.
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