High-Stakes Bet: James Wynn Opens $1.26B Bitcoin Long at 40x Leverage
James Wynn places a massive $1.26B 40x long bet on Bitcoin, with a liquidation point at $105K. Will it break records or implode?
In one of the boldest Bitcoin trades of the year, prominent crypto figure James Wynn has reportedly entered a $1.26 billion long position on Bitcoin, using 40x leverage. The trade comes with a liquidation price of $105,179, signaling a high-risk, high-reward bet on BTC's continued rally.
Why is this important?
At 40x leverage, even a 2.5% dip in Bitcoin's price could wipe out the entire position. Yet, Wynn appears confident that Bitcoin's bullish momentum will continue, possibly aiming to ride a breakout above previous all-time highs.
This move underscores growing institutional and high-net-worth interest in leveraged crypto trading as Bitcoin flirts with major psychological levels. However, such large leveraged positions also raise volatility and can trigger cascading liquidations if the market turns.
Will Wynn’s bet pay off—or crash under its own weight? Stay with Trafy.io for more updates on crypto’s biggest risk-takers.
