James Wynn has bet everything on the dip of Bitcoin after 45 liquidations.

The recovery of the cryptocurrency market has led to a series of liquidations of traders' positions who were shorting. One of them was James Wynn, who was trading with high leverage.
Lookonchain analysts reported 12 liquidations in the last 12 hours. Over the past two months, Wynn's position was forcibly closed 45 times. The trader opened shorts on digital gold, anticipating a dip in the asset's price.

According to Hyperdash, the value of his wallet has dipped to $5848.
Despite the losses, Wynn continued to open short positions. He stated that he converted all his stablecoins to short and expects a dip in Bitcoin below $92 000.
"I went all in. I will either make hundreds of millions or go bankrupt," wrote Wynn.

The trader also offered a bet to his subscribers. If his wager turns out to be incorrect, he will delete his account forever. If he is right, the subscribers will have to make a public apology.

In case of a loss, Wynn will keep the spot bitcoins in a cold wallet. He plans to live on income from real estate and other passive sources.

At the time of writing, the trader's main account holds a short position in digital gold at $274 783 with a 40x leverage. The unrealized loss amounts to $10 903.

In August, Wynn's long Ethereum position with leverage was partially liquidated.