Hyperliquid trader loses $110 million in BTC liquidation
- James Wynn Liquidates 40x Leveraged Bitcoin Positions
- Losses exceed $100 million as BTC plunges
- Trader maintains $167 million long position in BTC
James Wynn, a well-known figure among cryptocurrency traders for his highly leveraged trades, suffered an estimated loss of more than $100 million after consecutive liquidations of long bitcoin positions on the Hyperliquid platform.
Wynn gained notoriety in the crypto space with high-risk trading, mainly in bitcoin and tokens such as PEPE. On May 21, he initiated a long position of $830 million, equivalent to 7.764 BTC, betting on the asset's appreciation. Three days later, he increased the amount to $1,25 billion, expanding his exposure to 11.588 BTC.
The move, however, was halted by a sharp drop in the price of bitcoin, which fell below $105. The selling pressure was attributed, in part, to news that former US President Donald Trump proposed a 50% tariff on exports from the European Union, which generated instability in global financial markets, including those for crypto assets.
On Friday, the Hypurrscan platform recorded multiple liquidations on Wynn’s behalf: 527,29 BTC at $104.950, resulting in a loss of $55,3 million; another 421,8 BTC was liquidated at $104.150, equating to $43,9 million. Most recently, a new position of 95,51 BTC was liquidated for $10 million at a price of $104.620.
Amid the losses, Wynn posted on X: “One thing is for sure: I have exposed how corrupt these markets are. I think it is better to buy and hold $BTC in spot/cold storage.”
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.
— James Wynn 🐳 (@JamesWynnReal) May 30, 2025
Despite the series of liquidations, Wynn remains positioned in the market. He currently holds 40x leverage on approximately 1.591,82 BTC, valued at around $167,49 million. According to Hypurrscan, the liquidation price for this position is close to $104.530, indicating that he still faces significant risk if the asset suffers further devaluation.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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