James Wynn Doubles Down on Bitcoin Bets Despite Liquidation Threat

Multimillionaire cryptocurrency trader James Wynn has taken a second, nearly $100 million leveraged bet on Bitcoin, despite being recently liquidated from a similar trade. This action comes as Wynn’s latest position is currently showing unrealized profits of over $592,000 and sits at a risk-level where liquidation could occur if Bitcoin falls below the $103,630 mark. This follows a similar bet that was liquidated on May 30th after Bitcoin briefly dipped below $105,000.