Crypto trader James Wynn suffered a significant loss of $15 million after exiting his $1 billion short Bitcoin position. This move followed a rapid shift from bullish to bearish, driven by both technical analysis and macroeconomic factors. Wynn’s losses are in addition to earlier long positions that contributed to a total 24-hour trading shortfall of $27.9 million. The turning point came after he closed his $1.2 billion long Bitcoin position, triggering a dramatic reversal of his strategy. While initially optimistic about Bitcoin’s near-term trajectory, Wynn quickly shifted to a bearish outlook based on technical analysis, focusing on low trading volumes and exhaustion in Bitcoin’s momentum as reflected by the 4-hour chart and 50-day moving average. Additionally, concerns surrounding macroeconomic pressure, including the proposed 50% tariff policy, contributed to his bearish stance. While Wynn’s short position targeted a potential pullback, market stability ultimately led to heavy losses for the trader.