CoinInsight360.com logo CoinInsight360.com logo
America's Social Casino

cryptonews 2025-05-25 06:12:23

Hyperliquid Trader James Wynn Exits $1.25B Long Bitcoin Bet at a Loss

Crypto trader James Wynn has closed a massive $1.25 billion Bitcoin long on Hyperliquid—built with 40x leverage—at a $13.4 million loss, despite briefly sitting on $40 million in paper profits. The trade, one of the largest ever on the platform by a single trader, had a liquidation price of $105,179. Trader Cuts Losses After Bitcoin Dips on Hyperliquid Wynn began his Bitcoin long position with $830 million on May 21, trimming $400 million in profits the same day. By May 22, the trader increased the position back up to $1.1 billion as BTC crossed $110,000 and gained nearly $40 million in unrealized profits. He later sold 540 BTC for $60 million, securing a $1.5 million profit. Source: Hyperdash.info The crypto trader confirmed on X that he “cut his losses” on closing his highly leveraged long positions. Before going all in on Bitcoin, James Wynn had closed a long position on PEPE for a profit of $25.19 million. Bitcoin was cruising to new all-time highs this week before it dipped on Trump’s 50% tariff announcement on all EU imports. The leading cryptocurrency saw a local bottom at $107,431 on late Saturday. At the time of writing, Bitcoin is trading at $108,238. Hyperliquid Sees One of Biggest Trades by a Single Trader The decentralized crypto exchange Hyperliquid saw one of the biggest trades by a single trader when James Wynn opened a long position that reached $1.25 billion. This long bet signifies a shift among traders as trust in DEXs increases. The native token of the exchange HYPE saw its demand rise as the price increased to $34.64, up 4.2% in the last 24 hours. The post Hyperliquid Trader James Wynn Exits $1.25B Long Bitcoin Bet at a Loss appeared first on Cryptonews .

Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.