James Win, famous for high-risk cryptocurrency trading, has opened another $100 million long position in Bitcoin.
As soon as his order was recorded in the market, BTC price plummeted to his liquidation level of $104,580.
BTC Price Drop…James Win's $100 Million Bet
The sharp decline has raised new speculation about the influence of so-called "suspicious market makers" who are believed to monitor and manipulate large on-chain positions.
"James Win has opened another $100 million BTC long. Suspicious market makers dumped the price to his liquidation price of $104,580 within seconds. Why do they want him to lose so badly?" cryptocurrency analyst Gordon asked on X.
Win made $87 million in late May but is currently experiencing a $13.6 million loss. This highlights the harsh volatility of leveraged cryptocurrency trading.
"I was immediately hunted as soon as I entered my long position. There seems to be some intention, and I'm not sure what it is. It might not be just because of my long, or I might be a fish playing a whale's game. Or it could be because I'm drawing attention to hyper liquid." James Win posted on X.
