James Wynn’s second $100M Bitcoin bet: ‘They are hunting me’
Wynn has asked the crypto community for donations to help him fight the “market-making cabal” that he says is hunting for his liquidation.
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.