James Wynn Is Short Bitcoin With a 40x Position

James Wynn is back in the public eye with a 40x short position on Bitcoin worth 0.96 BTC, approximately $110k. He is using $3.4k as margin on Hyperliquid for this latest trade. 

Wynn’s latest position has drawn attention as it comes at a time when confidence is growing and crypto prices are rising. Bitcoin is up nearly 4% in the last 3 days.

The rise in prices comes after positive inflation data last week which showed inflation coming in lower than expected. It also comes before a big week for markets as the Fed meets to discuss interest rates - they are widely expected to announce a 25bps cut - and Trump is scheduled to meet Xi Jinping to discuss trade.

The outcomes from both of these meetings could affect the crypto market and, consequently, push Wynn into profit or towards liquidation.  

Wynn is known for high-conviction trades with extremely high-risk. In May 2025, Wynn became a household name in the crypto world for his huge positions, unrealised profits, shocking liquidations and his request for donations from fans. 

Wynn was able to run his account up to $82M in profit before giving it all back and eventually being down $13.2M. After being liquidated and leaving the market, James Wynn returned with a 40x BTC long position with just $1 in margin. He was then spotted taking a punt on $90K worth of ZEUS memecoin. 

Wynn has been actively posting on X over the last few days, with many of his posts being bearish on Bitcoin. He claims the Fed meeting and Trump/Xi meetings are not the bullish signals traders are hoping for. 

It was also suggested by one X user that James Wynn has been trading in secret over the last few weeks and has made $250 million in profit.