A high-stakes wager has landed a crypto dealer within the headlines. He’s identified on-line as James Wynn, and he’s positioned nearly $1 billion on Bitcoin rising additional. He began piling right into a bullish place final week and hasn’t stated when he plans to exit.
Bitcoin Bets Hit Billion Dollar Mark
According to Wynn’s posts on X, his place reached about $1 billion on May 21. He’s utilizing $20 million of his personal funds and borrowed to make the commerce roughly 40 occasions greater than his stake. The wager sits on Hyperliquid, a decentralized trade the place merchants can open perpetual futures positions. Wynn has already closed a part of it, trimming the scale to only over $800 million as Bitcoin climbed.
Lookonchain information exhibits he jumped in round a BTC worth of $108,084 and set his “kill switch” just under $103,640—so if Bitcoin dips that far, the entire commerce goes bye-bye. As of early Thursday, that wager was sitting on a cool $40 million in unrealized positive factors.
Source: HyperDash
Trader’s Past Success With Memecoin
Wynn didn’t emerge from nowhere. In 2023, he predicted the Pepe memecoin would hit a $4.2 billion market worth. That wager paid off in an enormous means when Pepe peaked at greater than $11 billion in December 2024. A pockets tied to “jwynn.eth” even despatched $7 million of Pepe tokens to Binance in May 2024. Based on stories, that transfer helped him pull in eight-figure positive factors.
Bitcoin simply broke by means of $111,900!
Top dealer @JamesWynnReal‘s 40x leveraged lengthy place of 10,200 $BTC($1.14B) is now sitting on an unrealized revenue of over $39M!https://t.co/Xy0EC0h5Cw pic.twitter.com/5UlbeiA984
— Lookonchain (@lookonchain) May 22, 2025
Huge Risk Tied To Price Drop
His commerce isn’t with out hazard. If Bitcoin falls under $100,850, the place might be worn out. Wynn has stated he’d add extra money fairly than face liquidation. In turbulent markets, minor declines may be the set off for cascade-like pressured liquidations. Any substantial amount of cash put into the market begs the query: If costs had been to shift only a few % in both course, would critical losses be incurred?
Market Logic Favors This Move
Reportedly, the May probabilities of Bitcoin hitting $115,000 are pegged at 64% or thereabouts, as per Polymarket. Standard Chartered’s Geoff Kendrick additionally has a bullish view. He predicts Bitcoin may prime $120,000 earlier than the tip of July. Those forecasts line up with Wynn’s personal goal of $115,000–$118,000 by the tip of subsequent week, and even $118,000–$122,000 shortly after.
Update on my little $BTC lengthy place.
Reduced place measurement at present, took some income round $110k -$111k.
Seemed like a pleasant spot to TP, and appears others are doing the identical proper now.
In my opinion bitcoin is dying to breakout increased. My goal stays the identical of… pic.twitter.com/BUfWTuqpoU
— James Wynn 🐳 (@JamesWynnActual) May 22, 2025
Positioning In A Shaky Market
Bitcoin had reached about $111,800 on May 22, 2025, earlier than the slight pullback. Traders pointing at fast positive factors additionally warn of fast drops. On decentralized exchanges, the funding-rate prices would possibly add up. Large orders on Hyperliquid would possibly face slippage, which might transfer the market towards Wynn ought to he attempt to unwind too shortly.
People see the trades and assume its some excessive degree silly playing kinda shit, and sure it’s. But it’s backed by my very own thesis. Which in flip, is a calculated threat.
Since native backside of 74k bitcoin has remained on this channel. Touching the underside performing as assist simply two… pic.twitter.com/wenpkcWKrG
— James Wynn 🐳 (@JamesWynnActual) May 20, 2025
Calm Words From A Risk-Taker
“People see this as high-level gambling, and yes it is,” Wynn stated. He added that his bets relaxation on what he calls a strong thesis. Whether he’s proper or mistaken stays to be seen. For now, his willingness to threat massive sums has drawn each admiration and warning from onlookers.
Featured picture from Unsplash, chart from TradingView
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