Key Takeaways
- James Wynn previously made nearly $100 million trading perpetual futures, only to lose it all.
- After taking a hiatus, Wynn recently returned to Hyperliquid, but was soon liquidated
- In his prediction, recent crypto market losses are just the start.
When he returned to Hyperliquid on Oct. 15 after a prolonged hiatus, James Wynn resumed making bold bets with high leverage.
But after a series of long positions ended in liquidation, Wynn has now turned bearish. In his prediction, the trader sees BTC falling as low as $67,000.
James Wynn’s Perp Rollercoaster
Wynn first rose to prominence in 2023, when he turned a $7,600 PEPE investment into $25 million.
He subsequently built a following on X by posting about memecoins and sharing his high-stakes leverage trades, characterized by multimillion-dollar positions and nail-biting swings between profit and loss.
After he started trading perpetual futures on Hyperliquid in March 2025, followers could watch Wynn’s rollercoaster crypto bets play out in real time. He opened the account with just a few million dollars and quickly racked up $87 million in profit, making bold bets with up to 40x leverage.
At one point during this period, Wynn held long positions on Bitcoin worth $1.25 billion. But his luck ran out when the crypto market turned bearish, and a cascade of liquidations erased his gains.
By his own account, Wynn’s Hyperliquid adventure ended with $13 million in losses. Announcing his intention to retire from perp trading at the end of May, he said “the perps casino was fun,” and that he had “zero regrets.”
Wynn’s Hyperliquid Comeback
On Oct.15, Wynn announced that he was “back with a vengeance, coming to get what’s rightly mine.”
Shortly after depositing nearly $200,000 of Hyperliquid, Wynn opened positions, including 40x cross-margin Bitcoin longs valued at $3.8 million.
Other bets include long ETH and PEPE contracts with cross-margin leverage of 25x and 10x, respectively.
Bearish BTC Forecast
Unfortunately for Wynn, his opening long positions coincided with a sustained retreat across crypto markets. Within a day, he was nearly $5 million out of pocket.
In the ensuing volatility, Wynn said he was “not touching perps until market stabilises.” However, his next play could be to bet on further market losses.
On Sunday, Oct. 19, the trader outlined a bearish price prediction that forecasts BTC sliding considerably.
Wynn predicts a “sharp drop” that could see BTC retrace to the $88,000-$92,000 dollar range. At this point, he warns that “real panic” and “bear market vibes” could enter the picture, potentially driving the price of Bitcoin as low as $67,000.
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James Morales is CCN’s blockchain and crypto policy reporter. He has been working in the news media since 2020, writing about topics such as payments, banking and financial technology. These days, he likes to explore the latest blockchain innovations and the evolving landscape of global crypto regulation.
With an educational background in social anthropology and media studies, James uses his platform as a journalist to explore how new technologies work, why they matter and how they might shape our future.
