The post ‘they are hunting me’ in second leveraged bet appeared on BitcoinEthereumNews.com.

Multimillionaire cryptocurrency trader James Wynn has opened a second leveraged Bitcoin position for nearly $100 million, just days after being liquidated from a similar trade. According to blockchain data aggregator Hypurrscan, the position is set to be liquidated if Bitcoin (BTC) falls below $103,630 and is currently showing an unrealized loss of over $592,000. The trade comes less than a week after Wynn’s previous $100 million position was liquidated on May 30, when BTC briefly dipped below a 10-day low of $105,000. James Wynn, Bitcoin long position. Source: Hypurrscan Wynn’s bet coincides with growing market caution. Bitcoin’s next significant support remains just above $103,000, as market participants remain in “wait-and-see mode” ahead of the release of the key US jobless claims report on June 5, Nexo dispatch editor Stella Zlatareva, told Cointelegraph. Related: Metaplanet becomes 8th largest Bitcoin holder with $118M buy Wynn claims market targeting after liquidation Following news of his second bet, Wynn alleged on X that his liquidation level is being deliberately targeted by major market participants. “They’re coming for me again,” wrote Wynn, disclosing his $103,640 liquidation level in a June 2 X post, adding: “Don’t let these evil bastards liquidate me.” Crypto influencer Altcoin Gordon also called out market manipulation after Wynn’s second $100 million bet was initiated. “Within seconds, the shady market makers dumped the price toward his liquidation price of $104,580,” wrote Gordon in a June 2 X post. Related: Blockchain Group adds $68M in Bitcoin to corporate treasury Some traders have started donating to Wynn’s blockchain address to help him fund his leveraged positions. Source: dethective At least 24 blockchain users sent stablecoins to Wynn’s cryptocurrency address, with the largest donation nearly reaching $8,000, according to data compiled by pseudonymous blockchain sleuth “dethective.” Wynn previously asked the crypto community for stablecoin donations…

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Filed under: News - @ June 4, 2025 2:17 am