James Wynn claims $1.4K in referral rewards, opens 40x short on Bitcoin

Crypto CEO gets 20 years for $200M Bitcoin Ponzi scheme

James Wynn recently earned 1,389.31 $USDC in referral rewards and took a substantial 40x short position on Bitcoin, valued at $76.7K, with a liquidation price set at $67,575.89. This move reflects the growing trend among active traders to engage with decentralized exchanges that offer referral incentives, which have become popular for enhancing user engagement in the perpetual futures market. Additionally, high-leverage shorts on Bitcoin continue to be a common strategy as traders adapt to current market volatility.

Source

You might be interested in …

Bitcoin News Desk - The Bitcoin Street Journal cyberpunk, trending on artstation in the style of cyberpunk

Bitcoin Desk February 16, 2026

TSBJ Update

Source

Bitcoin Desk February 19, 2026

Bitcoin’s short-term Sharpe ratio signals generational buying zone

Bitcoin’s short-term Sharpe Ratio has recently dropped to historically low levels, which have previously indicated potential generational buying opportunities. This extreme negative reading aligns with patterns observed in Bitcoin’s volatility, where periods of depressed risk-adjusted […]

Bitcoin price punishes traders as 24-hour crypto liquidations pass $250M

Bitcoin Desk February 21, 2026

State of Missouri advances bill to create Bitcoin strategic reserve fund

Missouri lawmakers have advanced House Bill No. 2080, which proposes creating a state-run Bitcoin Strategic Reserve Fund that would direct state funds into Bitcoin as a reserve asset. This initiative follows similar efforts in states […]