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James Wynn, a high-leverage crypto trader, recently suffered two massive liquidations of his Bitcoin long positions on Hyperliquid , losing close to $100 million in total. This episode highlights the risks of extreme leverage in volatile markets.
Wynn’s Leveraged Bitcoin Bets
*Wynn built up enormous 40x leveraged long positions on Bitcoin, reaching about 11,588 BTC valued at roughly $1.25 billion, with an average entry price around $108,243.
*He initially held a $830 million long position of 7,764 BTC at about $105,000 per BTC.
*Wynn was up about $80 million but did not take profits, instead increasing his exposure.
Read More : https://onthenode.com/cryptocurrency/james-wynns-40x-bitcoin-liquidations-two-major-positions-closed-nearly-100-million-lost
Wynn’s Leveraged Bitcoin Bets
*Wynn built up enormous 40x leveraged long positions on Bitcoin, reaching about 11,588 BTC valued at roughly $1.25 billion, with an average entry price around $108,243.
*He initially held a $830 million long position of 7,764 BTC at about $105,000 per BTC.
*Wynn was up about $80 million but did not take profits, instead increasing his exposure.
Read More : https://onthenode.com/cryptocurrency/james-wynns-40x-bitcoin-liquidations-two-major-positions-closed-nearly-100-million-lost
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