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

The Coin Rise 2025-05-30 08:48:07

Bitcoin Trader Loses Nearly $100 Million in Hyperliquid Long Bet Liquidation

James Wynn, a high-stakes trader on Hyperliquid , has suffered a near-$100 million loss after a series of leveraged long positions on Bitcoin were liquidated during a sudden market dip. Wynn, known for his aggressive trading strategies, saw his bold bets collapse on May 30 as Bitcoin’s price fell sharply below $105,000. Nearly 1,000 BTC Liquidated in Hours According to on-chain data from analytics platform Hypurrscan, two of Wynn’s largest positions were closed in quick succession. The first, a 527.29 BTC long valued at $55.3 million, was liquidated when Bitcoin dropped to $104,950. Moments later, another 421.8 BTC worth $43.9 million was wiped out as Bitcoin slid further to $104,150. These losses came on the heels of another 94 BTC ($10 million) liquidation on May 29 at $106,330. In total, Wynn lost 949 BTC — equating to approximately $99.3 million. Data from Lookonchain confirmed Wynn’s total losses over the past week hover just below the $100 million mark. Bitcoin reached to $105,000 on May 30, with some platforms reporting even deeper lows. Wynn’s positions were exposed to massive downside risk, as he had increased his 40x leveraged bet to $1.25 billion just days earlier, on May 24. That gamble backfired when the market reacted to geopolitical uncertainty and renewed tariff rhetoric from U.S. presidential candidate Donald Trump. Wynn: “I Stand to Lose Everything” Following the dramatic liquidations, Wynn responded on X with a cryptic screenshot from The Matrix showing Neo stopping bullets — a subtle nod to the pressure he faced. Despite the losses, one of Wynn’s massive positions remains open: a 40x leveraged long contract entered at $107,993. According to Hypurrscan, it is currently showing an unrealized loss of $3.4 million. Wynn, who rose to fame after turning memecoin investments — particularly Pepe — into multi-million-dollar wins, appears unfazed by the volatility. A day before the liquidation, he described himself as an “extreme degenerate” and admitted to ignoring risk management. “I do not follow proper risk management… I’m effectively gambling. And I stand to lose everything,” Wynn warned — a candid reflection of the high-risk world of crypto leverage trading. The post Bitcoin Trader Loses Nearly $100 Million in Hyperliquid Long Bet Liquidation appeared first on TheCoinrise.com .

Loe lahtiütlusest : Kogu meie veebisaidi, hüperlingitud saitide, seotud rakenduste, foorumite, ajaveebide, sotsiaalmeediakontode ja muude platvormide ("Sait") siin esitatud sisu on mõeldud ainult teie üldiseks teabeks, mis on hangitud kolmandate isikute allikatest. Me ei anna meie sisu osas mingeid garantiisid, sealhulgas täpsust ja ajakohastust, kuid mitte ainult. Ükski meie poolt pakutava sisu osa ei kujuta endast finantsnõustamist, õigusnõustamist ega muud nõustamist, mis on mõeldud teie konkreetseks toetumiseks mis tahes eesmärgil. Mis tahes kasutamine või sõltuvus meie sisust on ainuüksi omal vastutusel ja omal äranägemisel. Enne nende kasutamist peate oma teadustööd läbi viima, analüüsima ja kontrollima oma sisu. Kauplemine on väga riskantne tegevus, mis võib põhjustada suuri kahjusid, palun konsulteerige enne oma otsuse langetamist oma finantsnõustajaga. Meie saidi sisu ei tohi olla pakkumine ega pakkumine