Onchain Lens said Wynn’s first Bitcoin short was fully liquidated before he entered another leveraged bearish position, lifting his cumulative losses above $22 million.
James Wynn has opened another 40x Bitcoin short after his first bearish position was fully liquidated, according to Onchain Lens. The new trade means he has re-entered the market with high leverage (borrowed exposure that magnifies gains and losses) despite the earlier wipeout. His cumulative losses have now exceeded $22 million, underscoring the risks of aggressive leveraged trading when price moves go against a position.