James Wynn $100M Bitcoin bet: ‘they are hunting me’ in second leveraged bet
James Wynn, a multimillionaire cryptocurrency trader, has opened a second leveraged Bitcoin position of nearly $100 million after being liquidated from a similar trade just days prior. The new position will be liquidated if Bitcoin falls below $103,630 and currently shows an unrealized profit exceeding $592,000. Wynn's previous position was liquidated on May 30 when Bitcoin dipped below $105,000. Market caution prevails as Bitcoin's support level is just above $103,000, with traders awaiting the US jobless claims report on June 5. Wynn alleges that major market participants are targeting his liquidation level, prompting donations from other traders to support his positions. At least 24 users have sent stablecoins to Wynn, with the largest donation nearing $8,000. He has claimed that some of his accounts on exchanges were closed without explanation.
