James Wynn couldn't help but take action again. On December 23, on-chain data revealed that he directly opened a 40x leveraged long position on Bitcoin, while the BTC price fluctuated around $87,562.
In the past three days, he made a total of three transactions: a combined small profit of $40,521 from long and short positions in Bitcoin, but a drawdown of $6,908 on his PEPE long position, resulting in a net profit of just over $40,000, which is clearly a case of 'small play'. However, those who know him are aware that he is a high-leverage player who started with PEPE, and his style has always been aggressive. He has previously faced 'hundred million losses' due to holding positions and increasing leverage after a market surge.
This time, making a small profit in the short term seems more like regaining his feel and testing the rhythm, and it cannot be ruled out that he is laying the groundwork for expanding his position in the next step. As for whether it's a recovery in his state or he's preparing a big move, we can only continue to monitor on-chain trends. However, for onlookers, the most important point is not to easily follow the trend; while high leverage returns may seem tempting, the risks often come much faster.
