19 hour ago
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Crypto Trader James Wynn Liquidated 12 Times Amid Bitcoin Rebound
The crypto market experienced a notable rebound as Bitcoin surged nearly 4% on November 10. Notably, trader James Wynn faced significant losses, being liquidated 12 times within 12 hours, leaving his account with only $6,010.
- Wynn had previously secured an unrealized profit of $66,465 but increased his exposure instead of cashing out, resulting in further losses.
- He admitted to going "all-in" on short positions by selling his entire crypto portfolio except for long-term Bitcoin holdings and deploying all stablecoins into leveraged shorts.
- Wynn anticipates a Bitcoin drop to between $67,000 and $92,000 and threatens to delete his account if his prediction fails.
Despite individual setbacks, analysts suggest the crypto market is stable. The Bitcoin Market Pulse Index (BMPI) has cooled to a neutral range, indicating consolidation rather than collapse. Historically, similar phases have been followed by major rallies.
