New Trade, Same Risk

According to blockchain data, Wynn’s latest position is at risk of liquidation if Bitcoin drops below $103,630. At the time of writing, the trade is more than $500,000 in the red.

This high-stakes move follows the liquidation of his earlier position, which occurred when Bitcoin briefly dipped under $105,000. Despite the setback, Wynn seems undeterred, doubling down with yet another aggressive bet.

Claims of Targeted Liquidation

In a series of social media posts, Wynn alleged that his liquidation levels are being intentionally targeted by large market players. “They’re after me again,” he wrote, while publicly disclosing his critical price level.

His claims have found resonance in parts of the crypto community. Several influencers echoed concerns of possible market manipulation, with some pointing out suspicious price movements aligning with Wynn’s exposure.

Community Steps In with Support

Wynn’s transparency and boldness have inspired support. At least 24 different wallets have sent stablecoin donations to help him stay afloat. The largest contribution is reported to be nearly $8,000.

He previously promised to repay supporters if the trade ends in profit. Additionally, Wynn claimed that some of his exchange accounts were closed without explanation, adding fuel to suspicions of broader systemic pressure.

Bullish Comeback on the Horizon?

Despite current market uncertainty, Wynn remains optimistic. In a recent post, he stated that bearish pressure is fading and suggested that an unexpected Bitcoin rally may soon catch many traders off guard.

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The post James Wynn Strikes Back: A Bold $100M Bitcoin Position Despite Recent Loss appeared first on Coin Engineer.