High-risk crypto trader James Wynn has issued a warning about potential extreme volatility in the first week of November, predicting significant declines in both stock and cryptocurrency markets. Wynn highlighted concerns over overvalued AI-focused tech stocks and suggested a possible reversal in the S&P 500, which recently reached an all-time high of 6,920.34 on October 29, 2025.Wynn also projected that Bitcoin might drop below $100,000 for the first time since June 22, 2025. While some traders share his bearish outlook, others remain skeptical about the accuracy of his predictions.