James Wynn is a Hyperliquid trader whose Bitcoin long bets were liquidated by almost $100m after Bitcoin fell below $105,000.
Wynn has taken two large long-term leveraged Bitcoin positions (BTCBTC’s 10-day low on May 30 caused these positions to be liquidated, resulting in a loss of $99.3 Million.
After Bitcoin dropped to $104,150 the first 527.29 BTC position worth $55.3m was liquidated, while the second 421.8 BTC position worth $43.9m was also closed. according Hypurrscan is the analytics platform for Hyperliquid.
Wynn liquidated 94 BTC, worth $10 Million. The price was $106,330.
Arkham Intelligence, Lookonchain and 949 BTC were all liquidated. noted Wynn’s has lost Last week alone, the US spent almost $100,000,000.
Bitcoins prices fell to $104,630 at Coinbase in early trade on May 30. according TradingView is still cheaper than the other platforms, however.
Wynn increased On May 24, his leveraged long Bitcoin bet of 40x reached $1.25billion, but the asset fell after President Donald Trump continued to talk about tariffs.
Related: Hyperliquid trader flips $3M into $27.5M during crypto rally
Wynn’s reaction to the liquidation was cryptic post On X, we share a screen shot from the sci-fi film classic of 1999 The Matrix The main character Neo (Keanu Reeves) stops the bullets mid-air.
The he still has it 40x leveraged A perpetual contract can have a long open position. according Hypurrscan. Long bet opened at Bitcoin $107.993; current unrealized losses of $3.4 Million.
The following are some of the ways to get in touch with each other “extreme degenerate”
James Wynn gained wide attention with his first memecoin investment, the Pepe.PEPEHe made millions of dollars from the memecoin.
He was able to get a few minutes with him on the 29th of May, before the liquidation. described As an individual, he is described as: “extreme degenerate” He is taking high-risk, leveraged trades and he could lose it all.
“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!”
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Source: cointelegraph.com
