Trader James Wynn Reopens $140 Million Bitcoin Long Position

Cryptocurrency trader James Wynn has once again opened a margin position on perpetual bitcoin futures on the Hyperliquid platform, this time nearly reaching $100 million. 

This move comes just days after the liquidation of a similar trade following a drop in the digital asset’s value below $105,000. 

June 3, 2025 | 18:51Update:

Wynn has increased his position to $140 million as the price of the leading cryptocurrency rises. 

The liquidation price is now set at $104,820, with unrealized profits exceeding $740,000.

Bitcoin is trading around $106,768, having risen 2.2% in the past 24 hours, according to CoinGecko.

According to the aggregator Hypurrscan, another 40x leveraged long will be liquidated if the price of the leading cryptocurrency falls below $103,630. At the time of writing, the unrealized loss on the trade exceeds $400,000.

Wynn stated that his forced closure level has become a target for major market players. 

They’re coming for me again.

Liq price: 103,640

Buy the fucking dip.

Don’t let these evil bastards liquidate me. pic.twitter.com/WKzL2ZwPEq

— James Wynn (@JamesWynnReal) June 2, 2025

“They’re coming for me again,” the trader wrote.

He urged people to actively “buy the dip” to prevent his liquidation.

An influencer known as Altcoin Gordon suggested that Wynn’s second $100 million trade might indicate market manipulation.

James Wynn opened another $100M BTC long

Within seconds the shady market makers dumped the price towards his liquidation price of $104,580

Why are they so desperate to see him lose? ? pic.twitter.com/YY8ebG7v38

— Gordon (@AltcoinGordon) June 2, 2025

“Within seconds the shady market makers dumped the price to the liquidation level of $104,580,” he noted.

Some traders have begun sending donations to Wynn’s address to help him finance his margin positions. According to on-chain analyst dethective, at least 24 users have transferred stablecoins to the trader’s wallet, with the largest donation amounting to nearly $8,000.

James Wynn, a multimillionaire gambler, is asking for more money to support his gambling.

Surprisingly, people are actually sending him money.

We might be looking at a list of the most retarded people ever. pic.twitter.com/Ddtj4P8xm9

— dethective (@dethective) June 2, 2025

Previously, Wynn had asked the crypto community for donations in “stablecoins” to “fight the market maker cartel,” promising to return the donations if successful. He also reported that some of his personal accounts on cryptocurrency exchanges were “closed overnight” without apparent reasons.

Despite the situation, Wynn expressed optimism about bitcoin’s future.

Bearish momentum is weakening on the 8hr, 12hr and daily candles for $BTC.

Everyone will be caught off guard. The pumps will be ferocious. When bitcoin moves it moves hard and fast.

— James Wynn (@JamesWynnReal) June 3, 2025

“Bearish momentum is weakening,” he wrote.

The trader also predicted an upcoming rally for the leading cryptocurrency that will “catch investors off guard.”

Back in March, high-risk positions threatened not only the platform’s stability but also the safety of client funds in the Hyperliquidity Provider Vault.