Multimillionaire cryptocurrency trader James Wynn has opened a second leveraged Bitcoin position for nearly $ 100 million, just days after being lying from a similar trade.
According to To blockchain data aggregator Hypurrscan, the position is set to be liquid if bitcoin (Btc) drops below $ 103,630 and currently shows an unstoppable loss of more than $ 592,000.
Trade comes less than a week after Wynn’s previous $ 100 million position is liquid On May 30, the BTC briefly dipped below a 10-day low $ 105,000.
Wynn’s stakes coincide with the growing career career. The next significant Bitcoin support remains only above $ 103,000, as market participants remain in “wait-and-see mode” before the release of key US unemployed report on June 5, Nexo Dispatch editor Stella Zlatareva, told cointelegraph.
Related: Metaplanet becomes the 8 largest Bitcoin holder with $ 118m to buy
Wynn claims to be targeting the market after extermination
Following the news of his second stake, Wynn told X that his degree of extermination was intentionally targeted by major participants in the market.
“They are coming for me,” Wynn wrote, revealing his $ 103,640 extermination level on a June 2 x PostAdding:
“Don’t let these bad bastards liquid me.”
Crypto influencer Altcoin Gordon also called the market manipulation after Wynn’s second $ 100 million stakes started.
“In a few seconds, Shady Market Makers threw the price towards its $ 104,580 extermination price,” Gordon wrote on a June 2 x x x Post.
Related: Blockchain Group adds $ 68m to Bitcoin to Corporate Treasury
Some entrepreneurs began to donate to Wynn’s blockchain address to help him fund his leveraged positions.
At least 24 blockchain users sent stablecoins to Wynn’s cryptocurrency address, with the largest donation of nearly $ 8,000, According to In the data combined with the pseudonymous blockchain sleuth “Dethective.”
Wynn had previously asked the crypto community for stablecoin donations to “fight market making,” promising to pay every user, “thinking” he won.
He too claimed That some of his personal accounts on cryptocurrency exchanges are “closed overnight” for no clear reason.
“The Bearish momentum has weakened,” Wynn wrote in a follow-up x Post On June 3, predicting an incoming Bitcoin rally to see investors “caught by the guard.”
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