James Wynn Flips to High‑Leverage Longs on Bitcoin and Ethereum, Trades Visible On‑Chain

Public on‑chain trackers reveal his concentrated 25x ETH and 40x BTC longs with tight liquidation margins that could produce rapid losses or a quick market signal.

Overview

On Sunday, June 7, on‑chain accounts recorded Wynn closing short positions and opening a 25x leveraged long on 5.3 ETH while keeping a 40x leveraged long covering about 6.05 BTC.
On‑chain data shows the ETH stake was roughly $8,500 and the BTC exposure about $373,000, making the combined position modest in size but highly concentrated.
The ETH long is displaying roughly $5,100 in unrealized gains at current prices below key moving averages, a setup traders described as oversold with some short‑term bounce indicators.
Wynn’s BTC long sits perilously close to an estimated liquidation price of $59,841.13, meaning a small downward move in Bitcoin could force an automatic close of that position.
These trades highlight how public derivatives data lets anyone see exact positions and how high leverage multiplies risk, with analysts monitoring for either forced liquidations or a visible contrarian bounce.