James Wynn, a prominent trader, is facing a staggering loss of over $100 million following a 40x leveraged long position in Bitcoin that has unraveled. Currently, Wynn holds approximately 1,591.82 BTC, valued at around $167.49 million. This dramatic turn of events underscores the risks associated with high-leverage trading, particularly in the volatile cryptocurrency market. As traders evaluate their positions, Wynn’s situation serves as a cautionary tale about the dangers that leverage can present to even seasoned investors in times of market turbulence.