James Wynn fully commits to shorting Bitcoin following 12 liquidations in just 12 hours.

Market Recovery Impact: The cryptocurrency market experienced a recovery, surprising some short sellers, including high-leverage trader James Wynn, who faced multiple liquidations due to the unexpected price rebound.

Wynn's Short Positions: Despite significant losses, Wynn doubled down on his short positions, transferring all his stablecoin funds into bets against Bitcoin, anticipating a decline below $92,000.

Liquidation Details: Wynn's main account was liquidated 12 times in 12 hours, with an unrealized loss of $11,147, as he held a 40x leveraged short position worth $275,000 in Bitcoin.

Smart Money Trends: Many successful traders, referred to as "smart money," are also betting on Bitcoin's decline, with a net perpetual short position on Hyperliquid reaching $223 million, indicating a bearish sentiment in the market.