James Wynn, once bullish on Bitcoin with a $1.2B long, has stunned traders by flipping bearish, placing a $111M short just as BTC begins to pull back. 

James Wynn Flips Stance with $111M Short as Bitcoin Dips Below $107K

In a sharp pivot that has stirred the crypto market, high-stakes trader James Wynn has placed a $111.8 million short bet against Bitcoin. The Hyperliquid trader made the move just hours after closing a $1.2 billion long position, signaling a sudden shift in sentiment amid rising price uncertainty.

The trade was revealed by Whale Insider via X, showing Wynn shorted 1,038 BTC with 40x leverage. His new position would be liquidated if Bitcoin rises to $149,100. The decision comes as Bitcoin trades below the $107,000 level, down over 4% from its recent peak.

Technical Signals Suggest Short-Term Bitcoin Correction

Wynn’s reversal appears grounded in technical analysis. In a post on X, the trader said, “From a TA standpoint, convince me we are going higher in the short term, i.e, within 24–48 hours.” He pointed to weak trading volume, an underperforming 50-day moving average, and a bearish 4-hour chart as signs of a coming correction.

The situation gets tense, since losing a little value could cause the position to get liquidated. Before the bank collapsed, Wynn’s previous long reported a liquidation figure of $105,000. With the new short position, his risk has became bigger, showing he thinks prices will drop soon.

Trump Tariff Threat Triggers Market Caution

Wynn’s move comes after Bitcoin fell 4% following reports that U.S. President Donald Trump may introduce 50% tariffs. The market response wiped out over $700 million in leveraged positions, according to Coinglass.

Traders have since shown greater caution. Activity on major exchanges is low, and people’s feelings about Bitcoin stay mixed. More trade barriers being discussed have placed additional stress on Bitcoin prices.

There is a chance the wide-reaching uncertainty is behind Wynn’s pessimism, and some argue he might want to buy again if prices drop more.

Speculation Mounts Around Wynn’s Strategy on Hyperliquid

He has not offered any more details about his work at the university. Some think the position is not aimed at price action, but made to push others who hold Bitcoin into selling.

Hyperliquid data shows increased activity surrounding the position. Analysts remain divided over whether Wynn’s strategy will pay off or backfire under volatile conditions.

The shift from a $1.2 billion long to a $111 million short has brought renewed attention to Wynn’s trading strategy. With Bitcoin still trading below its record high, all eyes are now on how this high-risk short will play out in the coming days.