His reason can be found here:
Wynn wrote in a now-deleted post shortly before the liquidation:
“I do not follow proper risk management, nor do I claim to be a professional; if anything, I claim to be lucky. I’m effectively gambling, and I stand to lose everything. I strongly advise people against what I’m doing.”
Source:
https://cointelegraph.com/news/james-wynn-deactivates-x-accountHe is a lesson to many people that thinks leverage trading is good. If he was using just 1x leverage, he would have been a good trader. I remember some weeks ago that he posted the market will fall but maybe he went on short position but bitcoin increased and got to all time high instead. He has been losing and losing.
I am kind of sorry for him but people should learn from him.