James Wynn Flips the Script: Dumps $BTC Short to Ride the Bitcoin Long Wave

Another hedge fund manager eats crow—and buys the dip.

James Wynn just executed a jaw-dropping U-turn on Bitcoin, shuttering his short position to go all-in on the long game. The move comes as institutional FOMO reaches a fever pitch, with whales scrambling to front-run the next leg up.

From bear trap to bull run

Wynn’s pivot mirrors a broader shift among macro traders—once-skeptical suits now stacking sats like it’s 2021 again. The timing? Impeccable, if you ignore the 40% drawdown he presumably ate on the way here.

The cynical take

Wall Street’s latest crypto convert proves yet again that fundamentals matter less than momentum. When the winds shift, even the staunchest bears turn into meme-tweeting diamond hands overnight. Just don’t ask about their risk management frameworks.

One thing’s clear: When the herd stampedes, nobody wants to be the last fund manager holding bags—or shorts.

James Wynn, a well-known trader, has recently changed his mind on Bitcoin ($BTC). As per the data from Onhain Lens, James Wynn has recently closed a Bitcoin ($BTC) short position just to open a long one. The on-chain analytics firm shared the details of James Wynn’s sentiment shift in a recent social media post.

James Wyn (@JamesWynnReal) closed his $BTC (40x) short position, booking a loss of $3,015.97, and opened a $BTC (40x) long position.https://t.co/YLnfptl7vw https://t.co/rdOZHREDNt pic.twitter.com/u6eQbcMJpu

James Wynn Opens $BTC Long after $3K Loss in Recently Closed Short

Onchain Lens has pointed out that James Wynn has recently opened a bitcoin ($BTC) long position after closing a short position. Based on the price performance of the flagship crypto asset, James Wynn has changed his decision. Particularly, the popular trader has witnessed a $3K loss in this $BTC short that compelled him to close it.

As a result of this loss in the short position, James Wynn now believes in the long-term performance of Bitcoin. In this respect, just after closing the short position, he has opened a long position. The closed short position reported had a 40x leverage, and he exited it following a trade spanning 6 hours and 30 minutes. The trader lost $3,015.97, taking into account $1,345.07 in terms of fees.

New $BTC Long Has 40x Leverage, Indicating Firm Belief in Bitcoin’s Long-Term Trajectory

According to Onchain Lens, following the closure, the newly opened Bitcoin long position also has a 40x leverage. It currently holds almost 12.79 $BTC, equaling up to $1.37M. Apart from that, the present unrealized profit of the trader accounts for $2,420.04, including ROE of 7.05%.

Additionally, the entry price for the respective long position was nearly $107,439.10, while Bitcoin is currently trading at $107,716.00. Moreover, 93.37% is James Wynn’s margin usage while the long exposure stands at 100%.