James Wynn: Bullish on Bitcoin rebounding to $97,000–$103,000, followed by another decline

ChainCatcher reported that "bankrupt" trader James Wynn confirmed in a post that he closed his bitcoin short position 5 days ago and is optimistic about a rebound, expecting it to rise to the $97,000 to $103,000 range. He then anticipates another decline. According to the image he shared, James Wynn expects bitcoin could bottom out at $46,618.

According to previous reports, on December 2, 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 10 and 25, James Wynn posted bearish predictions on the X platform, "accurately warning" of bitcoin's decline, but the drop was far less than his predicted level ($67,000).