Hyperliquid trader James Wynn experienced a liquidation of 1,044.63 BTC on the platform following bitcoin’s price dip, resulting in a loss worth around $110 million over the past week.
As a self-proclaimed “high-risk leverage trader,” Wynn gained significant recognition in the crypto space by executing highly leveraged trades on bitcoin and memecoins like PEPE.
Betting on bitcoin’s continued upward momentum, Wynn put a $830 million long position on May 21, acquiring 7,764 BTC at an entry price of $105,033. Wynn later scaled up his position to $1.25 billion by May 24, raising the bet to 11,588 BTC at an average price of $108,243.
However, his bullish bet fell apart as Bitcoin’s price plummeted below $105,000, likely influenced by U.S. President Donald Trump’s 50% tariff announcement on EU exports.
As bitcoin price continued to fall, Wynn saw multiple positions being liquidated Friday, including 527.29 BTC worth $55.3 million at $104,950 per bitcoin and 421.8 BTC worth $43.9 million at $104,150, according to data from Hypurrscan, Around two hours ago, another long position of 95.51 BTC worth $10 million was liquidated at $104,620.
Earlier today, Wynn wrote on social media platform X — “One thing for sure is that I have exposed just how corrupt these markets are. Guess it’s better to just buy and hold $BTC on spot / cold storage it.”
Wynn currently still holds a 40x leveraged long Bitcoin position of approximately 1,591.82 BTC, valued at roughly $167.49 million, with a liquidation price around $104,530, Hypurrscan data shows.
© 2025 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
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