Bitcoin Crash Coming Next Week? James Wynn’s $70M Short Position Says So

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With Bitcoin hovering around $103,500, well-known crypto trader James Wynn has made a bold prediction: the crypto market is about to crash hard.

Wynn, who holds a $70 million short position on Bitcoin, warned on X (formerly Twitter) that rising tensions between Iran and Israel could spark a global crisis — possibly even World War 3 — if the U.S. gets involved.

“If the USA gets involved, that is a declaration of a world war. Markets will nuke,” Wynn wrote.

Crypto on the Edge

The crypto market is already under pressure. In the past 24 hours, more than $481 million worth of trades have been liquidated, according to Coinglass.

Bitcoin dropped 2%, now around $103,896.

Ethereum (ETH) fell over 4.5%.

Wynn says this weakness is caused by a mix of global tension, low liquidity, and fading investor confidence.

“Lower Before Higher,” Says Wynn

Despite the panic, Wynn remains confident that crypto will bounce back — but only after a major drop.

He believes upcoming Federal Reserve interest rate cuts and money printing will push crypto into a new bull run later this year.

“Crypto will win. But lower, before higher,” he stated.

Still, for now, he’s doubling down on his bearish bet, increasing his $70 million short position.

Investors Divided

Wynn’s decision has sparked major debate. Some see it as a smart hedge during uncertain times, while others think it may miss the mark if the market recovers quickly.

Meanwhile, the Federal Reserve is sending mixed signals — with one official hinting at rate cuts by July, while Fed Chair Jerome Powell advises caution.

A Turning Point for Crypto?

With global tensions rising and crypto already facing massive liquidations, the market could be on the brink of a major move.

Will Wynn’s bold bet pay off — or will it mark the bottom before a massive rebound?