James Wynn: Raises 40x BTC Short Despite Liquidations

James Wynn has again scaled up his 40x BTC short even after repeated liquidations, according to on-chain data from Hyperbot.

Traders tracking the address 0x5078c2fbea2b2ad61bc840bc023e35fce56bedb6 note the position size increase coincides with BTC testing lower Bollinger support near $62870.1 while the 4-hour EMA50 at $64065.19 and EMA200 at $68302.06 continue to act as overhead resistance in the prevailing bearish structure. Momentum remains weak with RSI at 35.71 and MACD printing a fresh death cross at -160.64, suggesting further downside pressure before any relief rally can develop. Over the past six months similar aggressive short builds by the trader have repeatedly met liquidation cascades once price reclaimed the 50-EMA zone.