Crypto trader James Wynn outlined a defensive strategy across markets as geopolitical tensions escalate following Donald Trump’s ultimatum to Iran over the Strait of Hormuz.
Wynn said he is shorting the S&P 500 and Nasdaq, going long on oil, and selectively accumulating Bitcoin on dips as part of a broader macro hedge.
“Another classic low-volume manipulation wick on Bitcoin on a Sunday further proves what’s about to come,”
Said trader James Wynn.
His positioning reflects expectations of further market deterioration, with volatility rising as Iran keeps the Strait of Hormuz effectively closed, disrupting global oil supply.
Bitcoin remains range-bound near $67,000, but a sudden $1,000 price spike triggered $28 million in short liquidations within an hour, highlighting fragile liquidity conditions.
Wynn also pointed to opportunities in major currencies and gold, while acknowledging losses in real estate and emphasising diversification in uncertain markets.
With oil prices elevated and geopolitical risks intensifying ahead of a key deadline, traders are bracing for continued turbulence across both crypto and traditional assets.
At the time of reporting, Bitcoin price was $69,315.54.