James Wynn’s High-Risk Bitcoin Bet Sparks Concerns as Leverage Amplifies Potential Losses

Cryptocurrency trader James Wynn has drawn scrutiny for his recent high-risk moves, using leverage to double down on Bitcoin after a profitable PEPE position. He recently closed a $25.19M PEPE long and then bet $1.25B on Bitcoin with 40x leverage. While Wynn’s actions reflect calculated risk-taking and opportunistic timing, this move carries significant risk as it relies on Bitcoin staying above $105,180 to avoid liquidation. Wynn’s unrealized BTC loss stands at -$7.56M and the trade shows a precarious balance between potential gains and catastrophic losses.