James Wynn Goes All In Again With $100M BTC Bet After Getting Liquidated

Crypto bigwig James Wynn just couldn’t resist the thrill, he’s opened a second leveraged Bitcoin position worth nearly $100 million, mere days after getting wiped out from a nearly identical trade. Talk about playing with fire!

Blockchain watchdog Hypurrscan reveals Wynn’s latest $100M bet is on the line if Bitcoin dips below $103,630. Right now, he’s staring down an unrealized loss of over $592,000. Ouch.

His previous $100M gamble bit the dust on May 30 when BTC briefly slipped under $105,000, hitting a 10-day low. But Wynn’s not backing down, even as the market holds its breath ahead of the all-important US jobless claims report dropping June 5.

Market Manipulation Claims and Community Rally

Feeling a little conspiratorial, Wynn claims he’s being targeted by big players who want him out. On June 2, he shouted on X, “They’re coming for me again,” revealing his liquidation point at $103,640 and begging, “Don’t let these evil bastards liquidate me.” Drama!

Crypto influencer Altcoin Gordon jumped in too, accusing shady market makers of dumping prices just to trigger Wynn’s liquidation. He said, “Within seconds, they pushed the price toward his liquidation price of $104,580.” Sounds like a wild west showdown out there.

Support is rolling in, though. At least 24 blockchain users have tossed stablecoins into Wynn’s wallet to help him hold his ground, with the biggest tip hitting nearly $8,000. The mysterious “dethective” uncovered this generosity.

Wynn’s even promised to pay back anyone who chips in if he wins, that is, calling the crypto community to “fight the market-making cabal.” Oh, and he claims some of his exchange accounts mysteriously “closed overnight.” Coincidence? You decide.

But don’t count him out. On June 3, Wynn boldly declared that the bearish momentum is fading and predicted a Bitcoin rally that’ll catch many investors flat-footed.

Buckle up, Hodlers. This crypto rollercoaster is just getting started.

Strategy’s $250 Million Bitcoin Stock Offering Fuels Crypto Empire Expansion | HODL FM

Strategy, formerly known as MicroStrategy, is doubling down on its…

HODL FM: The Wildest Ride in the Crypto MarketGunel Ismayilova

Disclaimer: All materials on this site are for informational purposes only. None of the material should be interpreted as investment advice. Please note that despite the nature of much of the material created and hosted on this website, HODL FM is not a financial reference resource, and the opinions of authors and other contributors are their own and should not be taken as financial advice. If you require advice. HODL FM strongly recommends contacting a qualified industry professional.