Trader James Wynn’s recent moves are quite interesting. On December 4, he confirmed that he had already closed that Bitcoin short position five days earlier. Now he has switched to a bullish outlook, believing BTC will rebound to the $97,000–$103,000 range before turning downward again.

There were actually signs of this shift earlier. On December 2, on-chain data showed that he opened a BTC long position with 40x leverage at an average entry price of $85,400, putting in nearly $3 million in position size. As of now, he’s sitting on an unrealized profit of about $57,000, with a return of 77%.

Looking back at his previous calls, on November 10 and 25, he predicted a bearish trend for Bitcoin twice on social media, effectively warning of a coming downturn. But to be honest, the actual drop was nowhere near as dramatic as his $67,000 prediction.

Now, looking at his $97,000–$103,000 rebound target and the high-leverage long position, he’s definitely putting his short-term bullish view into action. As for whether the market will take another dip like he predicts, we’ll just have to wait and see.