Key Notes
- James Wynn is again, however with simply $1.5 million, not a billion {dollars}.
- The well-known dealer bets towards Bitcoin amid value consolidation.
- The crypto group mockingly goes bullish on the digital gold.
James Wynn, a cryptocurrency dealer well-known among the many merchants, is again to buying and selling digital belongings one month after leaving the “on line casino.”
“I’m gonna go brief so bitcoin can pump,” Wynn wrote in an X submit on Sunday, June 29.
I’m gonna go brief so bitcoin can pump yeah, this can work proper? Proper?
Ship $BTC 🚀🚀🚀 pic.twitter.com/A4eZp9efkg
— Jwynn.eth (@JamesWynnReal) June 29, 2025
He shared a screenshot of a $1.49 million brief Bitcoin (BTC) place with a 40x leverage on the Hyperliquid decentralized change. Wynn’s entry value is about at $107,307, and the liquidation is about for $108,632.
Regardless of Bitcoin rising to $107,500, on the time of writing, the buying and selling place’s worth is down by solely $2,000.
Promote or Purchase?
Final month, Wynn lost roughly $100 million because the market went towards his predictions.
A dealer who wager towards Wynn’s expectations bagged over $9 million in profits in only one week. The nameless Hyperliquid consumer went lengthy when Wynn aimed for brief and vice versa.
Following Wynn’s newest unsuccessful trades in late Could, the crypto group on X has been calling this a possible shopping for alternative. “Works each time,” an X consumer replied to the legendary dealer’s paradoxical query of whether or not his brief place may assist Bitcoin rise.
With all of the macro uncertainty, predicting Bitcoin’s next move for the brief time period would simply be an assumption.
The main digital asset has been seeing a declining volatility over the previous two months. In line with data from Coinglass, the indicator dropped from 2.82% on April 30 to 1.61% on June 28.
Decrease volatility normally signifies that buyers and merchants are ready for both a bullish or a bearish catalyst to maneuver the market.
Disclaimer: Coinspeaker is dedicated to offering unbiased and clear reporting. This text goals to ship correct and well timed info however shouldn’t be taken as monetary or funding recommendation. Since market circumstances can change quickly, we encourage you to confirm info by yourself and seek the advice of with an expert earlier than making any selections based mostly on this content material.
Wahid has been analyzing and reporting on the newest tendencies within the decentralized ecosystem since 2019. He has over 4,000 articles to his title and his work has been featured on a number of the main shops together with Yahoo Finance, Investing.com, Cointelegraph, and Benzinga. Aside from reporting, Wahid likes to attach the dots between DeFi and macro on his e-newsletter, On-chain Monk.
