James Wynn Addressing the Community: Has Leveraged 30% of Held Stablecoin into a Short Position, Anticipating Bitcoin to Drop to $92,000

BlockBeats News, November 10th, James Wynn posted a message to the community, stating, "I have liquidated all my crypto assets (except for that part of my long-term spot BTC that I will never touch). In the past few hours alone, I have used 30% of the stablecoins in my hand to further leverage into a short position. No joke, I have gone all in, full throttle, staying true to my words."

"But if I am right — I firmly believe that Bitcoin will drop back to the $67,000–92,000 range, you will have to publicly apologize and acknowledge that James Wynn has always been right. If I am wrong, I will delete Account X."

In a previous update, crypto trader James Wynn's public account has been liquidated 12 times again in the past 12 hours. After experiencing 45 liquidations in the past two months, he finally had a profitable trade but chose not to take profits and instead increased his position. In the end, he was liquidated once again. Currently, his account holds only $6,010.