James Wynn Doubles Down on Shorts—Dismisses Market Rally as ’Total Illusion’

Another day, another trader calling BS on crypto's price action. James Wynn just went nuclear on his short positions—claiming the latest pump is pure market theater.

No charts, no fluff—just a veteran trader betting against the herd. Here's why he thinks this rally has more red flags than a SEC subpoena.

Wynn's move comes as retail FOMO hits levels not seen since the last bull trap. Meanwhile, institutional whales keep playing ping-pong with liquidity. Stay sharp out there—the only thing pumping faster than prices might be your blood pressure when this correction hits.

James Wynn, once known as a fearless crypto trader, is now making headlines again — but this time, for betting big against the market. While many traders are feeling hopeful after Bitcoin’s bounce above $107K, Wynn says it’s all a setup for a major crash.

Wynn Goes ALL In For Short

After suffering a jaw-dropping $100 million loss on a single Bitcoin trade in late May, Wynn hasn’t slowed down or disappeared. 

He recently shared that he opened a big short position on bitcoin at around $108,500, using 40x leverage across multiple exchanges. He says this helps him avoid big players he calls “the cabal.”

My original short entry was $108.5k

Average if 40x leverage across multiple exchanges to avoid the cabal

Took over $50m profit at $100k-$101k.

Added short with huge size here.

Completely fake pump. Expect violent red candles coming soon.

J.Wynnpic.twitter.com/5dhoIV67V9

After taking over $50 million in profit when Bitcoin dropped to around $100K–$101K, he’s now back with an even bigger short position.

He further warned that bitcoin is making a “Completely fake pump. Expect violent red candles coming soon.” By this, Wynn means he believes the recent price rise is not real and that a big drop is coming, one that could cause panic selling and sharp losses for those not prepared.

What is he up to now?

Wynn himself says he’s not a professional and calls his style “gambling”. He admits he doesn’t use proper risk management and warns others not to copy him

Although he’s not just sticking to Bitcoin, either. Wynn’s also betting big on altcoins and meme tokens, hoping to catch the next big wave. He even opened a new wallet and started trading both Bitcoin and PEPE, already seeing over $2 million in unrealized profits from these moves

And just like before, he might walk away with another huge win, while others are left holding the bag.