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>>A Bitcoin Warning Story: How a Notable Trader Dropped From $100 Million to Under $1,000

A Bitcoin Warning Story: How a Notable Trader Dropped From $100 Million to Under $1,000

crypthub

1 day ago

Trader's Rise and Fall

James Wynn, a well‑known Bitcoin trader on the Hyperliquid DEX, saw his account surge to $84.2 million in May 2025. He built that wealth through high‑leverage bets, especially a 40x long that created a $1.25 billion BTC position. Within months the position was liquidated, wiping out roughly $100 million and pulling his balance down to under $1,000. Overall, his all‑time PnL on Hyperliquid now shows a $22 million loss.

Leverage and Market Outlook

Wynn’s aggressive strategy made him a bullish figure until the crash forced a reversal in sentiment. By late last year he turned bearish, forecasting a prolonged Bitcoin downtrend after its $126,000 ATH. In February he projected prices could slip to $48,000 during the bear market. His predictions have largely aligned with Bitcoin’s recent slide.

Recent Liquidations and Current Position

On‑chain data reveal Wynn was liquidated six times in two weeks after shorting Bitcoin near $67,000 as the price rebounded to $67,900. The trader has not opened new positions since the U.S.–Iran ceasefire that lifted market sentiment. Bitcoin now trades around $72,000, holding above the $66,000 support level.

A Bitcoin Warning Story: How a Notable Trader Dropped From $100 Million to Under $1,000

Trader's Rise and Fall

Leverage and Market Outlook

Recent Liquidations and Current Position

A Bitcoin Warning Story: How a Notable Trader Dropped From $100 Million to Under $1,000