Crypto Whale James Wynn Closes $1.2 Billion Bitcoin Bet in 47 Minutes – Takes $13M Loss

James Wynn, a trader known for his high-stakes crypto plays and vocal presence on social media, has officially exited one of the largest Bitcoin long positions seen in recent weeks.

Blockchain data shows he unwound a $1.2 billion position over a span of 47 minutes.

Wynn entered the trade when Bitcoin was priced at $108,921 and exited at $107,746, booking a loss of roughly $13.4 million on the single move.

Despite the setback, he remains in the green, with his recent trading activity still showing a net gain of $8.45 million across multiple Bitcoin positions.

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Leading up to the closure, Wynn claimed on social platforms that large players in the market were actively targeting him for liquidation.

His position, reportedly at risk near the $104,000 mark, narrowly avoided being liquidated as Bitcoin hovered around $107,654 at the time of reporting.

In holding the position, Wynn also accrued substantial funding fees to the decentralized exchange Hyperliquid, where the trade was executed.

Alexander Stefanov

With over 8 years of experience in the cryptocurrency and blockchain industry, Alexander is a seasoned content creator and market analyst dedicated to making digital assets more accessible and understandable. He specializes in breaking down complex crypto trends, analyzing market movements, and producing insightful content aimed at educating both newcomers and seasoned investors. Alexander has built a reputation for delivering timely and accurate analysis, while keeping a close eye on regulatory developments, emerging technologies, and macroeconomic trends that shape the future of digital finance. His work is rooted in a passion for innovation and a firm belief that widespread education is key to accelerating global crypto adoption.