James Wynn Goes Full Turtle Mode: Shorts Stocks, Hugs Oil, and Dips Buys BTC While the Strait of Hormuz Burns

James Wynn—the legendary degen who turned a measly $7,600 into $25 million on PEPE—is not feeling bullish. At all. In fact, he's about as bullish on risk assets as a cat is on water.

In a macro thesis that reads like a survival guide for the apocalypse, Wynn told his followers to buckle up because things are about to get uglier before they get better. His defensive playbook? Short the S&P 500. Short the Nasdaq even harder. Go long on WTI crude oil. And accumulate Bitcoin on dips using spot cash—just don't expect miracles anytime soon. Basically, turtle mode activated.

"It's going to get a lot worse before getting better," Wynn wrote, summing up his mood in classic doom-and-gloom fashion. Groundbreaking stuff, really.

The trade setup reflects a broader macro thesis tied to escalating geopolitical tensions. President Donald Trump gave Iran a 48-hour ultimatum on Truth Social, threatening to strike power plants and bridges if Tehran doesn't reopen the Strait of Hormuz by Tuesday. Iran has kept the strategic chokepoint effectively closed since late February, disrupting roughly 20% of the world's oil supply—and oil prices are now hovering above $100 per barrel. Nothing says "weekend vibes" like wondering if tankers might become fireworks.

Wynn also flagged positive expected value across the Singapore dollar, Chinese yuan, euro, and British pound. On gold, he's either holding or expecting new all-time highs soon. As for real estate? He called his own exposure a "losing position" and stressed the importance of diversification. Sorry, landlords.

On the Bitcoin front, Wynn flagged a classic Sunday manipulation wick that occurred during low trading volume—because of course it did. In a span of 10 minutes, BTC pumped $1,000 and liquidated $28 million in short positions within a single hour. Low liquidity leverage hunting, anyone? It's almost like someone read the playbook and decided to have fun.

"Another classic low-volume manipulation wick on Bitcoin on a Sunday further proves what's about to come," he noted. Spooky season never ends in this market.

As of this writing, Bitcoin is hovering near $67,201, with the Fear and Greed Index stuck at a crisp 12—deep in extreme fear territory. The asset has been range-bound between $65,000 and $73,000 for weeks despite sustained bearish sentiment. Boring range, exciting times.

With Trump's self-imposed Tuesday deadline looming and oil prices staying elevated, the macro backdrop for risk assets remains as volatile as ever. Buckle up.