Bitcoin Latest Updates: James Wynn's 40x Short Challenges Bitcoin's Upward Trend
- James Wynn opened a 40x leveraged short on Bitcoin via Hyperliquid, betting against its $115,000 surge driven by Fed rate cut expectations. - Despite a 33.33% win rate and $22M in losses, sources claim he recently earned $250M via undisclosed strategies, fueling debate over skill vs. luck. - A 40x short by "0xdDc" faced $4M losses after a Trump-related event, highlighting risks of leveraged positions in volatile crypto markets. - An anonymous $208M Hyperliquid short during U.S. tariff announcements exace
James Wynn, a well-known cryptocurrency trader recognized for his bold use of leverage, has once again taken a stance against the prevailing optimism in the crypto sector. On October 27, 2025, Wynn initiated a 40x leveraged short trade on
Wynn’s approach stands in stark contrast to the prevailing bullish outlook. Major crypto holders and institutional players have been increasing their long exposure to
The dangers of using high leverage in crypto are further highlighted by another large trader’s recent difficulties. A whale known by the wallet “0xdDc” suffered a $4 million unrealized loss after entering a 40x short on Bitcoin before an unexpected market event linked to Trump. To prevent being liquidated, the trader added $1 million in
Wynn’s recent actions mirror a broader pattern of large-scale shorting within decentralized finance (DeFi). Earlier in October, an unidentified wallet (0xb317) placed a $208 million cross-margin short on Hyperliquid with 20x leverage, reportedly earning $190 million during a sharp market downturn triggered by U.S. tariff news, according to
The crypto world remains split on whether Wynn’s results are due to skill or sheer luck. His decision to short on October 27, right as Bitcoin neared $117,000, has sparked speculation about whether he had insights into major economic events, such as the Fed’s policy moves or U.S.-China trade news, as noted by Yahoo Finance. Meanwhile, critics point to the ethical and regulatory issues surrounding anonymous, high-leverage trading. In conventional finance, such behavior would be subject to strict oversight, but DeFi platforms like Hyperliquid lack similar controls, critics argue.
As Bitcoin’s value swings amid conflicting signals, Wynn’s latest risk will reveal whether his contrarian bets can bring a turnaround or repeat previous setbacks. For now, the market remains attentive, knowing that a single upward move could wipe out his current gains—or result in another notable loss.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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