The high-leverage trader said he was “all-in,” betting on a Bitcoin decline below $92,000 despite the optimism surrounding the end of the 40-day US government shutdown.
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While most cryptocurrency investors welcomed the market recovery following the potential end of the US government shutdown, some short sellers were caught off guard by the rebound.
The crypto market recovery saw popular high-leverage trader James Wynn’s main
Wynn goes “all-in” despite liquidation, bets on Bitcoin decline to $92,000
Despite the mounting losses, Wynn continued doubling down on his short positions.
Wynn said he has transferred all his stablecoin funds into his short positions, expecting a decline in Bitcoin below $92,000 despite optimism over the potential end of the US government shutdown.
“In the past few hours, I have deployed all stables (30%) + and thrown it all on top of my short positions. No joke. As all-in as I can get,” said Wynn in a Monday X
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Author: Zoltan Vardai
