Crypto trader James Wynn has opened a new 25x leveraged long position on Ethereum while continuing to hold an existing 40x leveraged long on Bitcoin, signaling a bullish stance across both major assets.
What James Wynn’s New ETH Position Shows
Wynn’s latest move is a small ETH long position using 25x leverage, tracked on his Hyperliquid trading profile. The position size is described as small, suggesting a measured addition rather than an aggressive directional bet.
The 25x leverage means every 1% move in ETH price translates to a 25% change in position value. While that level of leverage carries significant liquidation risk, the relatively small size of the trade points to a calculated probe rather than a full conviction play.
This ETH long arrives at a time when other high-profile traders have also been making moves tied to Ethereum. A recent report highlighted how a Joseph Lubin-linked wallet moved 110,000 ETH amid a large DAI debt position, illustrating the range of large-scale ETH activity drawing market attention.
Why His Open 40x BTC Long Still Matters More
Wynn’s Bitcoin long remains open at 40x leverage, making it the more aggressive of his two active positions. The higher leverage on BTC compared to ETH suggests stronger conviction in Bitcoin’s upside trajectory.
A 40x leveraged long means even a 2.5% adverse move could threaten liquidation without adequate margin. The fact that Wynn continues to hold this position indicates he is comfortable with Bitcoin’s current price action and expects further upside.
The BTC position predates the ETH trade, framing the newer Ethereum long as a supplementary bet rather than a pivot. Together, the two positions create a dual-asset bullish setup that reflects risk-on sentiment across the crypto market’s two largest assets by market capitalization.
This kind of aggressive positioning comes as crypto exchange activity remains elevated. Separately, Binance Research recently suggested that crypto exchanges could funnel significant capital flows into traditional equities, underscoring the interconnected nature of risk appetite across markets.
What Traders May Watch Next
Wynn’s dual long setup, with different leverage levels on each asset, may reflect a deliberate risk management approach. The smaller, lower-leverage ETH position could serve as an early feeler for adding exposure if Ethereum strengthens.
Traders following Wynn’s positions on Hyperliquid will likely watch for three signals: whether he scales the ETH long larger, whether he adjusts leverage on either position, or whether he begins trimming either trade.
Both positions carry meaningful liquidation sensitivity at their respective leverage levels. Any sharp downturn in BTC or ETH prices could force rapid position closure, a dynamic that has played out with other high-profile crypto events recently affecting market sentiment.
For now, the setup points to a trader positioning for continued upside in both Bitcoin and Ethereum, with BTC as the higher-conviction leg of the trade.
Disclaimer: This article is for informational purposes only and does not constitute financial or investment advice. Cryptocurrency and digital asset markets carry significant risk. Always do your own research before making decisions.
