High-risk crypto trader James Wynn has taken a significant hit this week as the prices of Bitcoin and PEPE experienced sharp declines. Wynn’s heavily leveraged positions, designed for big gains but risky in nature, have suffered heavy losses, leading to substantial financial damage. Bitcoin fell over 7% from its record high of $111,900, dropping to roughly $105,300, while PEPE experienced a drop of 9%, falling from $0.00001625 to $0.00001475. This is significant because Wynn’s high-leverage trading strategy meant even minor price fluctuations triggered substantial losses in his positions. His Bitcoin long trade, worth around $46.4 million, was backed by a relatively small margin of only $1.16 million and currently sits on 40x leverage. If Bitcoin’s price continues to decline, Wynn could face complete liquidation. His PEPE trade is also dangerously close to its liquidation point at $0.0116. Wynn has already closed several losing trades this week, including a $37 million loss from a Friday Bitcoin position and an over $858,000 loss on his PEPE trade earlier in the week. These losses alone have brought his total losses to approximately $100 million so far this week. The overall market is also under pressure due to profit-taking by traders and global uncertainty regarding U.S. tariffs and China negotiations. Despite the rough patch, some analysts are optimistic about potential bullish patterns forming in both Bitcoin and PEPE, suggesting a possible rebound for Wynn’s trades if prices stabilize. However, this remains a challenging period for one of crypto’s most notable risk-takers.