Recently, the on-chain trader James Wynn was found to have closed out a $1.2 billion BTC long position on Hyperliquid this morning. The opening average price was $108,921, and the closing average price was $107,746, resulting in a loss of approximately $13.39 million.
However, on-chain analyst Ember stated that despite this loss-making closure, when combining his multiple BTC trading records over the past few days, James Wynn still achieved a net profit of around $8.45 million.
It's worth noting that James Wynn had just predicted yesterday that BTC prices would reach $118,000-$121,000 next week. His decisive closure now might suggest he discovered some changes in market conditions...
Whale's Calculation: Wynn's Billion-Dollar Operation Mindset
Regarding the community's discussion about the considerations behind his closure, James Wynn posted on X earlier at 8 o'clock:
You must know when to hold on
Know when to give up
Know when to walk away
And know when to run
You never count your money
When you're sitting at the table
There'll be time enough for counting
When the dealing's done
BTC Drops Below $108,000
Despite James Wynn's impressive trading achievements, ordinary investors must not ignore the enormous risks in his approach. For the vast majority of ordinary investors with limited risk tolerance and lack of professional market knowledge, blindly imitating such high-risk, high-leverage trading strategies could likely lead to unbearable financial losses.
In simpler terms, don't try this if you haven't practiced! Following his wallet could also get you cut!
As for BTC prices, it continued to fluctuate between $107,000-$109,000 on Saturday, reporting at $107,746 before this article's deadline.
PEPE Trading Legend
The reason James Wynn is known as a meme coin legend began in 2023. At that time, he invested just $7,000 in initial capital into PEPE. With precise market timing, he successfully traded over 10 trillion PEPE tokens between April and May 2023, rolling his initial $7,000 into an astonishing profit of around $25 million.
After a period of silence, Wynn recently, from May 14-24, 2025, again closed out his PEPE positions, bringing him another rich return of approximately $25.18 million. These two successful PEPE operations have officially pushed his total gains on a single cryptocurrency beyond $50 million.
Despite recent large-scale closures, Wynn has previously stated that he believes PEPE is still "severely undervalued".
