In a surprising move over the weekend, crypto trader James Wynn has flipped bearish on Bitcoin, with them now having a $111 million short position on 1,038.7 BTC at $107,711.1, just hours after closing a massive $1.25 billion long position at a $13.4 million loss.
This move from the sensational trader has sparked intense speculation in the crypto community about Bitcoin’s next price trajectory.
Wynn’s latest position, taken on the Hyperliquid platform with a 40x leverage, carries a liquidation price of $149,100, reflecting the high-stakes nature of his strategy. At the time of writing, the short position sits at $544k in profit—as per Hyperdash data.
This shift in Jame’s sentiment comes after the U.S. president Donald Trump’s recent announcement of a 50% tariff plan on the European Union. Besides, on-chain data reveals increased activity of dormant Bitcoin (5-7 years), hinting at potential selling pressure that may align with Wynn’s bearish outlook.
The crypto whale’s actions are closely watched, as his trades often influence market sentiment. Just a day prior, Wynn closed his long position of 11,588 BTC, which had contributed to a 1.3% price drop on Hyperliquid.
Amid the bullish market behaviour, Wynn’s pivot to shorting contrasts with bullish forecasts, such as Fundstrat’s Tom Lee predicting a $250,000 Bitcoin by year-end.
As Bitcoin’s long/short ratio stands at 1.0375, Wynn’s bold bet underscores the high-stakes drama of crypto trading, leaving the market on edge for what’s next.
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