$110M Wiped Out: Bitcoin Whale Trader Gets Burned As BTC Tags $104,150
Posted On May 30, 2025
Pseudonymous crypto trader James Wynn, known for his high-leverage strategies, suffered losses exceeding $110 million after Bitcoin‘s (CRYPTO: BTC) price slipped below key support levels on Friday.
Wynn had taken a bold bet on Bitcoin’s upward trajectory, opening a massive $830 million long position on May 21, acquiring over 7,700 BTC at roughly $105,000 per coin.
By May 24, he had increased his exposure to 11,588 BTC, pushing his position’s value to $1.25 billion …
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