The post Crypto Trader Loses $100 Million in Leveraged Bitcoin Position on Hyperliquid appeared on BitcoinEthereumNews.com.

TLDR Crypto trader James Wynn was liquidated for over $100 million on Hyperliquid after a 40x leveraged Bitcoin position failed The liquidation occurred despite Bitcoin only moving within a narrow 2% price range Wynn had previously turned $500K into $87 million through high-leverage bets on meme coins Another trader identified as 0x2258 made $17 million by counter-trading Wynn’s positions The 24-hour Bitcoin long liquidations exceeded $200 million amid price fluctuations A crypto trader known as James Wynn has suffered a massive $100 million liquidation on decentralized derivatives platform Hyperliquid after a highly leveraged Bitcoin position unraveled. The liquidation occurred on Thursday despite Bitcoin showing limited price movement, trading at around $106,020 with only a 1.9% decline over 24 hours. The trader had built a 40x leveraged long position on Bitcoin last week, betting the cryptocurrency’s price would continue to rise. The wallet associated with the trade, beginning with “0x507,” has been tagged as belonging to James Wynn by blockchain analytics firm Arkham Intelligence. According to on-chain data, Wynn had initially deposited just $3 million in stablecoins on Hyperliquid about two months ago. The platform, built on Arbitrum, has gained popularity for its high-speed trading features and transparent wallet activity. ARKHAM ALERT: JAMES WYNN HAS JUST BEEN LIQUIDATED FOR $100 MILLION DOLLARS pic.twitter.com/dJNCUmbgZO — Arkham (@arkham) May 30, 2025 Pseudonymous trader Pentoshi commented on the unusual nature of the liquidation. “Bitcoin price really never changed. It’s been in like a 2% range, and this guy just kept trading poorly, getting chopped to 0,” Pentoshi noted on X. Pentoshi also suggested that Wynn’s public profile may have contributed to the outcome. “He was super loud on the timeline and yapped a lot, which probably brought a lot of attention he didn’t need. It’s best to trade large positions quietly.” From Meme Coin…

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Filed under: News - @ May 30, 2025 1:21 pm