Bitcoin Trader James Wynn Shifts to Short Position, Opening $111 Million Bet

Crypto trader James Wynn has taken a surprising turn in his Bitcoin strategy, shifting from bullish to bearish and opening a short position worth $111 million. This move comes just hours after Wynn closed a previously held long position at a significant loss of $13.4 million. He now holds a short position on 1,038.7 BTC at $107,711.1, leveraging the Hyperliquid platform with a 40x leverage. This action raises eyebrows within the crypto community, as it contradicts bullish market predictions and presents a potentially impactful shift in Bitcoin’s price trajectory.