TLDR
- James Wynn opened a new ETH long position at 25x leverage
- He is also holding a BTC long at 40x leverage
- The ETH trade is currently up $5,100 in unrealized profit
- His BTC position is dangerously close to the liquidation price of $59,841.13
- Wynn previously closed BTC and SOL shorts for a $6,400 profit before flipping long
James Wynn, a well-known crypto trader, has opened a new long position on Ethereum using 25x leverage. At the same time, he is holding onto a Bitcoin long position at 40x leverage.
The ETH position currently shows $5,100 in floating profit. However, his BTC trade is sitting very close to its liquidation price of $59,841.13, which means a move in the wrong direction could wipe out that position.
According to onchain data monitored by Onchain Lens and Lookonchain, Wynn entered the ETH long with 5.3 ETH, worth around $8,500. His BTC position covers 6.05 Bitcoin, valued at roughly $373,000.
James Wynn (@JamesWynnReal) has flipped from short to long!
He closed his $BTC and $SOL shorts for a $6.4K profit.
Then opened max leverage longs on 6.05 $BTC($373K) and 5.3 $ETH($8.5K).https://t.co/tqfemdXAbR pic.twitter.com/UX5YScimED
— Lookonchain (@lookonchain) June 7, 2026
From Short to Long
Before opening these positions, Wynn had been on the other side of the trade. He closed short positions on both Bitcoin and Solana, booking a $6,400 profit before flipping to longs on both BTC and ETH.
This kind of position flip is not unusual in crypto trading. Traders will often close a short during a downtrend and reopen on the long side when they expect a reversal.
The timing of this move came as Ethereum was trading at around $1,594. That price sits well below key moving averages, with the 50-day EMA at $1,797 and the 200-day EMA at $2,053.
ETH Technical Picture
Despite the bearish structure on the chart, some indicators are pointing toward a possible bounce. The Relative Strength Index for ETH was sitting at 29.55, which is in oversold territory.
The MACD also showed a golden cross forming at -85.85. That can sometimes signal the start of upward momentum, though it does not guarantee a reversal.
Price was compressing inside Bollinger Bands, with support at $1,462 and resistance at $1,864. A move toward the 50-day EMA would be the first real test of any recovery.
With 25x leverage, even small price moves can have a large impact on Wynn’s ETH position. A drop of just a few percent could quickly eat into that $5,100 gain.
His BTC position faces even more pressure. At 40x leverage, the margin for error is very thin. The liquidation price of $59,841.13 is close enough that any BTC pullback could trigger a forced close.
Wynn has not publicly commented on his exit strategy for either position. Both trades are being actively tracked by onchain analysts.
As of June 7, 2025, data from Onchain Lens confirmed both positions remain open, with the ETH trade in profit and the BTC position under watch.
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