High-Stakes Gamble: After $100M Loss, Crypto Trader Doubles Down With $100M Bitcoin Bet at 40x Leverage

James Wynn isn’t just licking his wounds—he’s diving back into the arena with a vengeance. Fresh off a $100 million loss, the controversial trader just placed another $100 million Bitcoin wager... this time with 40x leverage. Talk about a volatility junkie.

Risk management? Never heard of her. While institutional players hedge with military precision, Wynn’s playbook reads like a degens’ manifesto. One thing’s certain: Wall Street’s risk officers just got another case of the vapors.

Will this be the comeback story of 2025, or another cautionary tale for crypto’s leverage addicts? Place your bets—literally.

In Brief

• James Wynn loses nearly 100 million dollars at the end of May on bitcoin.
• On June 2, he goes on the attack again with a new 100 million bet.
• His return divides opinion: risk genius or speculative madness?

A spectacular liquidation but insufficient to discourage Wynn

At the end of May 2025, James Wynn suffered a significant financial shock: the brutal liquidation of a $1.25 billion position on bitcoin, amplified by a dizzying 40x leverage. This loss, estimated at nearly 100 million dollars, shook the market, fueling suspicions of potential targeted manipulation. A sharp price drop, typical of the crypto market, was enough to precipitate this financial disaster.

However, far from giving in to discouragement, James Wynn demonstrates surprising resilience.

This quick return to the heat of action highlights not only his boldness but also a particularly risky strategy. For some, it illustrates the extreme dangers of leverage in crypto trading. Yet, Wynn seems to thrive in this perpetual uncertainty.

This perseverance also raises questions. Should we see his bold moves as true strategic instinct or simply a strong taste for excessive risk?

A new $100 million bet on bitcoin: tactic or recklessness?

On June 2, Wynn returned to the charge, betting nearly $100 million on Bitcoin via a new long position of 945 BTC with leverage, once again, of 40x. By committing only $2.5 million as initial margin, Wynn is playing big, even adjusting his position by injecting an additional $480,000 to lower his liquidation price to $103,637.

This maneuver, although risky, shows a certain clarity in managing his margins. Wynn does not seem to act only on impulse but through precise calculation, aware of the risks but also of the colossal potential gains if the market turns in his favor.

The prior sale of his HYPE tokens, carried out with profit, could be interpreted as further proof of a carefully orchestrated plan, despite its apparent improvisation.

Wynn’s actions are not without repercussions. They trigger polarized reactions: some bitcoin traders exploit his risk-taking to take lucrative opposite positions, while others denounce potential manipulations orchestrated by hidden market players.

These controversies accentuate doubts about the integrity of decentralized trading platforms, highlighting the need for increased transparency in crypto exchanges. By publicly putting such sums at stake, Wynn becomes both a target and a reference for the entire sector.

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