James Wynn Goes All In on Shorts, Calls Market Pump “Completely Fake”

The post James Wynn Goes All In on Shorts, Calls Market Pump “Completely Fake” appeared first on Coinpedia Fintech News

James Wynn, once known as a fearless crypto trader, is now making headlines again — but this time, for betting big against the market. While many traders are feeling hopeful after Bitcoin’s bounce above $107K, Wynn says it’s all a setup for a major crash.

After suffering a jaw-dropping $100 million loss on a single Bitcoin trade in late May, Wynn hasn’t slowed down or disappeared. 

He recently shared that he opened a big short position on Bitcoin at around $108,500, using 40x leverage across multiple exchanges. He says this helps him avoid big players he calls “the cabal.”

My original short entry was $108.5k

Average if 40x leverage across multiple exchanges to avoid the cabal

Took over $50m profit at $100k-$101k.

Added short with huge size here.

Completely fake pump. Expect violent red candles coming soon.

J.Wynn