James Wynn’s second $100M Bitcoin bet: ‘They are hunting me’

1 day ago

Wynn has asked the crypto assemblage for donations to assistance him combat the “market-making cabal” that helium says is hunting for his liquidation.

Multimillionaire cryptocurrency trader James Wynn has opened a 2nd leveraged Bitcoin presumption for astir $100 million, conscionable days aft being liquidated from a akin trade.

According to blockchain information aggregator Hypurrscan, the presumption is acceptable to beryllium liquidated if Bitcoin (BTC) falls beneath $103,630 and is presently showing an unrealized nett of implicit $592,000.

The commercialized comes little than a week aft Wynn’s erstwhile $100 cardinal presumption was liquidated connected May 30, erstwhile BTC concisely dipped beneath a 10-day debased of $105,000.

Wynn’s stake coincides with increasing marketplace caution. Bitcoin’s adjacent important enactment remains conscionable supra $103,000, arsenic marketplace participants stay successful “wait-and-see mode” up of the merchandise of the cardinal US jobless claims study connected June 5, Nexo dispatch exertion Stella Zlatareva, told Cointelegraph.

Wynn claims marketplace targeting aft liquidation

Following quality of his 2nd bet, Wynn alleged connected X that his liquidation level is being deliberately targeted by large marketplace participants.

“They’re coming for maine again,” wrote Wynn, disclosing his $103,640 liquidation level successful a June 2 X post, adding:

“Don’t fto these evil bastards liquidate me.”

Popular crypto influencer Altcoin Gordon besides called retired marketplace manipulation aft Wynn’s 2nd $100 cardinal stake was initiated.

“Within seconds, the shady marketplace makers dumped the terms towards his liquidation terms of $104,580,” wrote Gordon successful a June 2 X post.

Some traders person started donating to Wynn’s blockchain code to assistance him money his leveraged positions.

At slightest 24 blockchain users sent stablecoins to Wynn’s cryptocurrency address, with the largest donation astir reaching $8,000, according to information compiled by pseudonymous blockchain sleuth “dethective.”

Wynn antecedently asked the crypto assemblage for stablecoin donations to “fight the market-making cabal,” promising to reimburse each user, “assuming” that helium wins.

He besides claimed that immoderate of his idiosyncratic accounts connected cryptocurrency exchanges were “closed overnight” for nary evident reason.