James Wynn Doubles Down on Bitcoin Crash Call Despite Fresh ETF Inflows

Dextape brief

By Dextape Desk · November 5, 2026

US spot Bitcoin ETFs took in about $74.57 million on November 4, the initial session following the midterm vote, according to SoSoValue. Fidelity's FBTC alone attracted $237 million, while the remaining funds lost roughly $162 million combined. That day, trader James Wynn had three positions on Hyperliquid liquidated after Bitcoin rose, costing him about $1,940. Within twenty minutes of the last closure, Wynn opened a new short near $80,430. Arkham flagged the trade on Thursday, noting his account held about $500 and was up $25, after it had once been worth nearly $100 million. Hyperliquid data puts his peak balance near $84 million, with an all-time exchange loss of about $22.08 million. Upcoming ETF sessions will show whether the buying was a one-day reversal.

Why it matters: The split flows and a leveraged trader's forced closures show positioning was divided right after the US midterm elections.

Mentioned: Bitcoin, Hyperliquid, Fidelity

Summary by Dextape, based on reporting by BeInCrypto. Written with AI from the publisher’s text and checked automatically for copied wording and unsupported figures. Not investment advice.