James Wynn Doubles Down on Bitcoin Crash Call Despite Fresh ETF Inflows

US spot Bitcoin (BTC) exchange-traded funds (ETFs) took in $74.57 million on November 4, the first trading day after the US midterm elections. Crypto trader James Wynn bet the other way, hours after three of his bearish bets were forcibly closed. The buying was not one-sided. Fidelity’s FBTC drew $237 million, while the other funds together lost about $162 million, according to SoSoValue figures. Bitcoin’s climb that day lifted ETF holders and forced Wynn out of his shorts. How Bitcoin’s Rebound Wiped Out Wynn 3 Times Wynn trades on Hyperliquid, a crypto exchange where every position is public. He uses perpetual futures, contracts that let traders bet on price moves with borrowed money. At 40x leverage, each $1 of his own money controls $40 of Bitcoin.

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