Arthur Hayes Hints at $HYPE Volatility Amid Whale Pressure
The post Arthur Hayes Hints at $HYPE Volatility Amid Whale Pressure appeared on BitcoinEthereumNews.com.
Arthur Hayes highlights $HYPE’s shakeout after a $23M short seller liquidation. James Wynn holds a $1.1B Bitcoin long with 40x leverage on Hyperliquid exchange. $HYPE’s price surge triggered liquidations, but strong momentum keeps bulls intact. Arthur Hayes ignited discussion on May 24 when he tweeted about a $HYPE “cleanse.” The statement came after dramatic price increases for the token that began on May 23, when the value climbed as high as $37.24. As a result of the spike, several short positions were liquidated, and one position was said to have lost $23 million. Hayes’ remarks hinted that a large bullish trader might face liquidation, sparking speculation about future volatility. Hayes mentioned a “degen bull whale,” which probably refers to James Wynn, a pseudonymous trader who often takes high-risk strategies. The question arose about whether Wynn could be under pressure to adjust his exposure because of recent market turbulence. While there is a lot of volatility, $HYPE has maintained strong momentum, and Wynn has not liquidated his positions. The tweet was made after $HYPE’s success led to discussions about whether its rise could be maintained. Hayes mentions “cleanse,” referencing the elimination of bearish bets, the community debates whether this rally marks the start of further upside or sets the stage for a correction. Wynn’s $1.1 Billion Bitcoin Position Draws Market Attention James Wynn, known by wallet address 0x507, has placed significant bets on both memecoins and major tokens. His latest trade involves a $1.1 billion long position on Bitcoin perpetuals via the decentralized exchange Hyperliquid. Entered at around $109,000 per BTC, the position uses 40x leverage and was built from an initial margin of $400,000. Wynn increased his stake on May 21, pushing his position up while Bitcoin broke past $109,000. He took partial profits along the way, reducing exposure by…
Filed under: News - @ May 24, 2025 3:22 pm