The post Bitcoin Crash Coming Next Week? James Wynn’s $70M Short Position Says So appeared first on Coinpedia Fintech News
With Bitcoin hovering around $103,500, well-known crypto trader James Wynn has made a bold prediction: the crypto market is about to crash hard.
Wynn, who holds a $70 million short position on Bitcoin, warned on X (formerly Twitter) that rising tensions between Iran and Israel could spark a global crisis — possibly even World War 3 — if the U.S. gets involved.
“If the USA gets involved, that is a declaration of a world war. Markets will nuke,” Wynn wrote.
Crypto on the EdgeThe crypto market is already under pressure. In the past 24 hours, more than $481 million worth of trades have been liquidated, according to Coinglass.
Wynn says this weakness is caused by a mix of global tension, low liquidity, and fading investor confidence.
“Lower Before Higher,” Says WynnDespite the panic, Wynn remains confident that crypto will bounce back — but only after a major drop.
He believes upcoming Federal Reserve interest rate cuts and money printing will push crypto into a new bull run later this year.
“Crypto will win. But lower, before higher,” he stated.
Still, for now, he’s doubling down on his bearish bet, increasing his $70 million short position.
Investors DividedWynn’s decision has sparked major debate. Some see it as a smart hedge during uncertain times, while others think it may miss the mark if the market recovers quickly.
Meanwhile, the Federal Reserve is sending mixed signals — with one official hinting at rate cuts by July, while Fed Chair Jerome Powell advises caution.
A Turning Point for Crypto?With global tensions rising and crypto already facing massive liquidations, the market could be on the brink of a major move.
Will Wynn’s bold bet pay off — or will it mark the bottom before a massive rebound?
.article_register_shortcode { padding: 18px 24px; border-radius: 8px; display: flex; align-items: center; margin: 6px 0 22px; border: 1px solid #0052CC4D; background: linear-gradient(90deg, rgba(255, 255, 255, 0.1) 0%, rgba(0, 82, 204, 0.1) 100%); } .article_register_shortcode .media-body h5 { color: #000000; font-weight: 600; font-size: 20px; line-height: 22px; text-align:left; } .article_register_shortcode .media-body h5 span { color: #0052CC; } .article_register_shortcode .media-body p { font-weight: 400; font-size: 14px; line-height: 22px; color: #171717B2; margin-top: 4px; text-align:left; } .article_register_shortcode .media-body{ padding-right: 14px; } .article_register_shortcode .media-button a { float: right; } .article_register_shortcode .primary-button img{ vertical-align: middle; width: 20px; margin: 0; display: inline-block; } @media (min-width: 581px) and (max-width: 991px) { .article_register_shortcode .media-body p { margin-bottom: 0; } } @media (max-width: 580px) { .article_register_shortcode { display: block; padding: 20px; } .article_register_shortcode img { max-width: 50px; } .article_register_shortcode .media-body h5 { font-size: 16px; } .article_register_shortcode .media-body { margin-left: 0px; } .article_register_shortcode .media-body p { font-size: 13px; line-height: 20px; margin-top: 6px; margin-bottom: 14px; } .article_register_shortcode .media-button a { float: unset; } .article_register_shortcode .secondary-button { margin-bottom: 0; } } Never Miss a Beat in the Crypto World!Stay ahead with breaking news, expert analysis, and real-time updates on the latest trends in Bitcoin, altcoins, DeFi, NFTs, and more.
.subscription-options li { display: none; } .research-report-subscribe{ background-color: #0052CC; padding: 12px 20px; border-radius: 8px; color: #fff; font-weight: 500; font-size: 14px; width: 96%; } .research-report-subscribe img{ vertical-align: sub; margin-right: 2px; }