James Wynn's high-leverage Bitcoin trading strategy has seen a dramatic reduction in profits, with $84 million evaporating in just five days. Currently, Wynn holds a 40x leveraged long position of approximately 4,792 BTC, valued at $520 million, with an opening price of $109,782 and a liquidation threshold of $107,419. The position now shows only $3 million in floating profit, down from a peak of $87 million, as frequent position adjustments and stop-loss actions have significantly impacted returns.