The post Crypto Trader James Wynn Risks It All (Again) With 40x Leveraged Bitcoin Short appeared on BitcoinEthereumNews.com.

Crypto trader James Wynn returns to high-leverage trading with a 40x short position against Bitcoin. The controversial trader opens $1.49 million position despite Bitcoin’s recent gains across multiple timeframes, risking complete liquidation above key price levels. Crypto News: Wynn Opens $1.49 Million Short Position With Tight Liquidation Margin James Wynn has opened a 40x margined short bet on Bitcoin at 13.9 BTC for $1.49 million on the Hyperliquid trading platform. The short trade can be closed at $108,630, with minimal margin against Bitcoin price movement in the current market environment. Bitcoin currently enjoys bullish dynamics across all time frames with a 5.2% rise over seven days, 2.5% over 30 days, and 76.7% over one year. The numbers indicate persistent upward pressure that will be triggering Wynn’s liquidation point within seconds. Wynn’s position on Hyperliquid The crypto trader confesses the contrarian element of his trade, tweeting shorting while Bitcoin pumps in what appear to be self-deprecating comments about his timing. The level of leverage and size of Wynn’s position expose him to high risk with very little downside protection. Hyperliquid is where this high-leverage trade is being executed, with Wynn prepared to fund $75 million in the event that the exchange increases the highest leverage to 50x. The current 40x leverage already creates substantial risk amplification. Trader Proposes Massive $75 Million Deposit for Increased Leverage Access Wynn has announced plans to deposit $75 million USD on Hyperliquid if the platform restores maximum leverage to 50x from current levels. The proposed deposit would go into the long positions rather than his current short approach. The trader is confident in his preparedness to take advantage of trading leverage, meaning he would start long positions with the massive capital injection. That is a different strategy from his current bearish Bitcoin exposure, which reflects tactical…

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Filed under: News - @ June 29, 2025 10:21 am