On-chain analytics platform Lookonchain has flagged a new high-risk trade from prominent trader James Wynn, who has entered a 40x leveraged long position on Bitcoin worth $49,493**, with a liquidation price set at **$79,536.
Wynn entered the position at $80,293 per BTC using 40x cross margin, meaning any downward move of roughly 2.5% would be enough to liquidate the entire position.
He also holds a smaller 3x long position on CASHCAT valued at around $900, underscoring his aggressive, momentum-driven trading style.
Wynn is known for making massive profits on similar leveraged plays, though he has also suffered significant liquidations during volatile market conditions.
Analysts see this trade as a strong bullish signal from Wynn, reflecting his confidence in continued upside, despite the extreme risk.