James Wynn says he is short BTC short term on rising Middle East tensions

Hyperliquid named trader James Wynn said on X that he is taking a short-term short position on BTC, arguing it could fall further if tensions in the Middle East escalate further. Wynn added that he is maintaining a long position in a Robinhood-related memecoin theme. He also reproduced the English phrase "degen" and described it as investors who favor high-risk trades, saying they keep trading year-round regardless of broader market conditions.