James Wynn: Optimistic about Bitcoin rebounding to $97,000 to $103,000, followed by another decline.

On December 4, “bankrupt” trader James Wynn posted that he had closed his Bitcoin short position five days earlier and is optimistic about a rebound, expecting it to rise to the $97,000 to $103,000 range. He anticipates another decline afterwards. According to his attached chart, James Wynn expects Bitcoin could drop as low as $46,618. Previously, 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, currently holding an 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, although the drop was far less than his predicted level ($67,000).