Bitcoin and market outlook remained the focus as COINOTAG News reported on December 9 that investor James Wynn issued a stark warning about an imminent market phase described as a “bloodbath.” He urged portfolio managers to prioritize wealth preservation and risk controls amid elevated volatility in crypto.

Earlier, on December 4, Wynn announced he closed his Bitcoin short position and was optimistic for a rebound to the $97,000–$103,000 area, while cautioning that another downturn could follow. A chart linked to his analysis pointed to a potential trough near $46,618, highlighting a bifurcated risk path.

During updates on November 10 and 25, Wynn issued bearish remarks on Bitcoin‘s trend, warning of a slide in value. The declines were substantial but did not reach his predicted magnitude, underscoring the uncertainty of predictive calls in a highly liquid crypto market.