James Wynn, a well-known high-stakes trader, just took a massive hit, $100 million gone in a single liquidation on the decentralized exchange Hyperliquid. The loss was flagged by Arkham Intelligence and is already being called one of the biggest single-trader wipeouts we’ve seen lately.
Wynn’s gamble was well documented on his personal X profile. This morning, the trader posted about entering a position of 4,604 BTC, under 40x leverage. The entry price was when Bitcoin traded at $108,335 — with the liquidation margin at $106,327.
Bitcoin hit a low of $104,802 in the day at 9:00PM (EST), meaning that Wynn’s position was a couple of hours earlier. Currently, $BTC trades at $106,128 — up by nearly 2% since its daily low.
Today’s negative movement erased $205 million from Bitcoin long positions according to Coinglass. Overall, 196.183 traders were liquidated, with the total liquidations coming at $692.73 million among all cryptocurrencies.
Who Even Is James Wynn?
If you’re not familiar, Wynn’s known for swinging big in the crypto markets. He made his name betting hard on Bitcoin and meme coins like PEPE—sometimes turning tiny positions into serious stacks, other times losing millions in the blink of an eye.
Just earlier this month, he closed out a $1.25 billion long on Bitcoin with a $13.4 million loss… after being up nearly $40 million at one point. That’s kinda his thing: ultra-high risk, ultra-high reward, usually playing with 40x leverage.
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