James Wynn, a trader known for his previous $123 million long position in Bitcoin, has shifted strategies by shorting 0.95 BTC for approximately $111,000 at a price of $116,026. This move comes after Wynn incurred a significant loss of $108 million in June, which included $87 million in profits and $21.77 million in principal. Currently, Wynn is focusing on generating income through arbitrage and engaging in smaller-scale trades.