Crypto Trader Loses $110 Million on Bitcoin Leverage Bet

Prominent crypto trader James Wynn suffered significant losses this week, losing over $110 million after his massive leveraged Bitcoin bet was liquidated amid market volatility. 7th Wynn built a large position on Bitcoin (BTC) earlier in the week, expecting continued price increases, and had accumulated approximately $1.25 billion worth of long positions. However, when Bitcoin slipped below $105,000 on Friday – triggered partly by President Trump’s announcement of new tariffs on EU exports – Wynn’s trade began to unravel.