James Wynn, known for his high-stakes crypto trading, has opened a longer position in Bitcoin of another $100 million.
Shortly after his order reached the market, BTC prices began to drop towards a liquidation level of $103,640.
BTC prices will be dumped in James Wynn’s $100 million bet
The rapid recession has sparked new speculation about the impact of so-called “suspicious market makers” that are thought to monitor and manipulate large-scale on-chain positions.
“James Wynn opened another $100 million BTC within seconds, and the shady market maker dumped the price towards a $104,580 liquidation price. Why are you eager to see him lose?” Crypto analyst Gordon asked at X.
Winn, which increased $87 million in late May, is now down $1.4 million, highlighting the brutal volatility of leveraged crypto trading.
“The moment I went in for a long time, Insta hunted me. There’s an agenda here and I don’t know what it is. That’s not my long time. Maybe it’s a fish playing a whale game, or maybe it’s because it pays attention to hyperliquids,” James Wynn posted on X.
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