According to TechFlow TechFlow, on November 10, trader James Wynn announced on social media that he had liquidated his entire cryptocurrency portfolio (excluding his long-term Bitcoin spot holdings) and invested all of his stablecoin funds (accounting for 30% of his portfolio) into leveraged short positions.
James Wynn stated that he predicts Bitcoin's price will fall to the $67,000-$92,000 range, calling it an cross margin or-nothing bet: "Make hundreds of millions of dollars or go bankrupt." He also issued a public wager: if his prediction is wrong, he will permanently delete his social media accounts; if Bitcoin falls below $92,000, he demands that those who question him publicly apologize and admit his judgment was correct.
