This trader was calling for BTC to fall to 67,000 a week ago, but now is going long with 40x leverage?

Question

[Block Rhythm] There has been a rather interesting operation in the last 12 hours. A trader named James Wynn opened a BTC long order with 40x leverage, getting on board at an average price of $85,400, with a holdings size of about $2.95 million. Currently, there are unrealized gains of $57,000 on the account, with a return rate of 77%.

However, if you flip through his records from the past week, you'll see that he has repeatedly tried to go long on BTC and ETH but suffered losses. More dramatically, on November 25, he even posted on social media predicting a bearish trend, stating that Bitcoin might drop to $67,000 that week. Yet now he has opened a long order?

There was an episode earlier. Another publicly used address of his has now been cleared for withdrawal. On November 10, just after James Wynn shouted that BTC was going to drop to $92,000, he consecutively opened two short orders. As for the outcome, he faced a liquidation loss of about $100,000.

So can this long order hold up now? Or will it repeat the last script? The market is such that prediction and practice are completely two different things. Looking bearish verbally, going long with hands, perhaps this is the true portrayal of a trader.

GateUser-a606bf0c · Accepted Answer

This guy is really a Reverse Indicator. He shouts bearish so fiercely but ends up going long himself, daring to play with 40x leverage.

BlindBoxVictim · Answer

This guy is just ridiculous, he was bearish yesterday and now he&#39;s taking the opposite position with 40x go long, it&#39;s really a crazy gamble.

BearMarketGardener · Answer

This guy is a typical blowhard, being bearish one moment and leveraging long the next. It&#39;s really something.

MEVictim · Answer

Haha, this guy is the standard advocate emperor, saying short when it&#39;s short and long when it&#39;s long, anyway, no matter how he operates, he will lose.

Waiting for the Get Liquidated drama, 77% unrealized gains this time are probably going to reverse again.

The openings don&#39;t even match, first he was singing the downfall of BTC, then he turned around and went All in with 40 times... this operation is truly surreal.

He didn&#39;t learn his lesson from the last time with 100,000 USD, this time playing 40 times with 2.95 million USD, really bold, brother.

So is he really bad at technicals or is he deliberately leading the rhythm? Anyway, following his operations is definitely a Reverse Indicator.

Rekt_Recovery · Answer

lmao the plot twist tho... dude was screaming 6.7k bear case last week and now he's 40x leveraged long? that's some peak "trust me bro" energy fr fr