After hitting a new all-time high, Bitcoin has pulled back to $108,000. But the market remains tense as legendary high-leverage trader James Wynn doubles down with a jaw-dropping $1.25 billion long position.

According to Lookonchain, Wynn’s trade carries 40x leverage, putting his liquidation price at $105,180—just 3.5% below BTC’s current level. It’s a razor-thin margin for error.

Despite recent losses that briefly reached $321 million, Wynn remained defiant. “Whales want me out!” he tweeted, later posting a $4.2 million unrealized profit screenshot with the phrase: “Built different.”

Wynn’s public prediction? Bitcoin will hit $118K–$121K in the coming week. But analysts aren’t convinced. Daan Crypto Trades called the position “madness,” warning that even a partial exit could swing the entire BTC market.

Another analyst, Innerdevcrypto, speculated that Wynn’s public theatrics may be a strategy for influence. “That liquidation price is way too close. Feels like he has another motive,” he wrote.

Adding to the chaos, President Trump announced new tariffs: 50% on EU imports and 25% on Apple products. BTC dropped over 3% Friday, touching $107,600, as traders shifted strategies to cautious holding, according to Santiment.

Meanwhile, Lookonchain confirmed that Wynn closed his ETH and SUI longs at a $5.3 million loss to go all-in on BTC.

Is this conviction—or recklessness? Either way, Wynn’s ultra-high-leverage gamble sets the stage for what could be a dramatic week ahead. Will Bitcoin soar to $121K—or will the market chew up the whale?

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