James Wynn makes a spectacular return with a huge bet on Ether.

The cryptocurrency market is once again turning its attention to James Wynn – a trader known for his "go long" style and extremely high leverage. This time, Wynn is causing a stir in the community with a large-scale long Ether position, as this digital currency continues to break through to new records. Bold Strategy: Go Long Ether 25x – Profit Over 260% True to its familiar style, Wynn opened a long position in Ether with a 25x leverage at an average price of $4,239, using over $5,500 in margin. According to on-chain data, this order is currently controlling nearly $140,000 worth of Ether, with unrealized profits of approximately $15,000. A return rate exceeding 260% has demonstrated the power of leverage – when a small capital can be amplified into massive profits, while also exposing the potential risks if the market reverses. Diverse Leverage Portfolio – $DOGE Still Remains a "Ripple" Besides Ether, Wynn is also holding a 10x long position on Dogecoin with a value of over $200,000. However, this bet is currently showing a slight loss as DOGE trades below the entry price. This indicates that, despite Ether bringing remarkable success, Wynn's trading portfolio still experiences volatility and unpredictable risks. From Bitter Failure to a Strong Comeback Wynn's return has become more notable when reflecting on the “collapses” of the past summer. Earlier this year, he had his entire long position in Bitcoin worth $100 million liquidated, followed by another multi-million dollar loss in just a few days. These heavy defeats caused Wynn to "disappear" from social media, leaving behind a vague message hinting at a financial crisis. However, in mid-July, Wynn unexpectedly returned with a new series of positions on Bitcoin and PEPE – a sign that his risk appetite has not diminished at all. This return coincided with the recovery of the cryptocurrency market thanks to positive signals from the macroeconomic environment. Ethereum Explosion: Support from Macro to Institutional Capital The fact that Ether has surpassed $4,860 – the highest since 2021 – clearly reflects a reversal in investor sentiment. The market is being supported by signals from the Federal Reserve (Fed) regarding the possibility of interest rate cuts in September, a factor that often drives capital into riskier assets like cryptocurrencies. In addition, institutional capital is pouring into newly launched spot ETH ETFs, attracting $287 million in just one day, bringing total assets under management to over $12 billion. Not only that, many large corporations are also actively accumulating ETH, with nearly $1.6 billion added to reserves in just the past month. Conclusion: Wynn and the Market Enter the "Hot" Phase The story of James Wynn is a vivid testament to the allure – and the risks – of leveraged trading in the crypto market. When Ether surged due to macro factors and institutional capital inflows, bold traders like Wynn could rake in colossal profits, but at the same time also faced the risk of account liquidation at any moment. In this context, all eyes are on Ether and the "big players" – will this be the beginning of a new growth cycle, or just a short wave before the storm?