BlockBeats News, December 4th, “Bankruptcy” trader James Wynn confirmed in a post that he had closed his Bitcoin short position 5 days ago and is bullish on a rebound, expecting it to rise to the range of $97,000 to $103,000. He then expects another decline. According to his chart, James Wynn anticipates that Bitcoin could potentially drop to a minimum of $46,618.
In previous news on December 2nd, James Wynn’s address (0x8da) opened a 40x leveraged BTC long position at an average price of $85,400, with a position size of about $2.95 million and a current unrealized profit of $57,000 (77%).
On November 10th and 25th, James Wynn made two bearish predictions on Platform X, accurately predicting Bitcoin’s decline. However, the actual decline was far from his predicted level ($67,000).
