A high-stakes wager has landed a crypto dealer within the headlines. He’s recognized 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 Greenback Mark
In keeping with Wynn’s posts on X, his place reached about $1 billion on Could 21. He’s utilizing $20 million of his personal funds and borrowed to make the commerce roughly 40 instances larger than his stake. The wager sits on Hyperliquid, a decentralized change the place merchants can open perpetual futures positions. Wynn has already closed a part of it, trimming the scale to simply over $800 million as Bitcoin climbed.
Lookonchain information reveals he jumped in round a BTC worth of $108,084 and set his “kill swap” 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 good points.
Supply: HyperDash
Dealer’s Previous 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 method 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 Could 2024. Based mostly on stories, that transfer helped him pull in eight-figure good points.
Bitcoin simply broke by way of $111,900!
Prime 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
Large Threat Tied To Value Drop
His commerce isn’t with out hazard. If Bitcoin falls under $100,850, the place may very well be worn out. Wynn has stated he’d add extra money reasonably than face liquidation. In turbulent markets, minor declines will be the set off for cascade-like pressured liquidations. Any substantial amount of cash put into the market begs the query: If costs have been to shift only a few p.c in both path, would severe losses be incurred?
Market Logic Favors This Transfer
Reportedly, the Could probabilities of Bitcoin hitting $115,000 are pegged at 64% or thereabouts, as per Polymarket. Customary Chartered’s Geoff Kendrick additionally has a bullish view. He predicts Bitcoin may high $120,000 earlier than the tip of July. These 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.
Replace on my little $BTC lengthy place.
Diminished place measurement at this time, took some income round $110k -$111k.
Appeared like a pleasant spot to TP, and appears others are doing the identical proper now.
For my part bitcoin is dying to breakout increased. My goal stays the identical of… pic.twitter.com/BUfWTuqpoU
— James Wynn 🐳 (@JamesWynnReal) May 22, 2025
Positioning In A Shaky Market
Bitcoin had reached about $111,800 on Could 22, 2025, earlier than the slight pullback. Merchants pointing at fast good points additionally warn of fast drops. On decentralized exchanges, the funding-rate prices would possibly add up. Massive orders on Hyperliquid would possibly face slippage, which might transfer the market in opposition to Wynn ought to he attempt to unwind too rapidly.
Folks see the trades and assume its some excessive stage silly playing kinda shit, and sure it’s. However it’s backed by my very own thesis. Which in flip, is a calculated danger.
Since native backside of 74k bitcoin has remained on this channel. Touching the underside appearing as help simply two… pic.twitter.com/wenpkcWKrG
— James Wynn 🐳 (@JamesWynnReal) May 20, 2025
Calm Phrases From A Threat-Taker
“Folks see this as high-level playing, and sure it’s,” Wynn stated. He added that his bets relaxation on what he calls a strong thesis. Whether or not he’s proper or unsuitable stays to be seen. For now, his willingness to danger giant sums has drawn each admiration and warning from onlookers.
Featured picture from Unsplash, chart from TradingView
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