A trader opened a massive long position on Bitcoin worth up to a billion dollars 🤩🤩, such a trade is considered "crazy" or extremely risky due to its huge size and the volatility of the cryptocurrency market 🤔🤔.
🚨The trader's displayed name is "Ja-m-e-s W-y-n-n", and he opened a buy position worth $1.14 billion 🤩🤩 on the Hyperliquid platform using a leverage of 40x 🤩🤩.
🚨In a short period, his temporary loss reached $15.6 million 😳😳, but as the price of Bitcoin later increased 📉, the trade turned into a profit 😌😌.
🚨W-y-n-n is known on his X (formerly Twitter) account as a "high-risk leveraged trader 🤔 / meme coin enthusiast 🤔".
🚨Recently made significant profits from other coins like TRUMP and Fartcoin 🤩🤩.
🔴High leverage trading:
Leverage trading allows traders to control larger positions with less capital, but it significantly increases the risk of loss, and using high leverage like 40x means that minor movements in the price of Bitcoin can lead to very large profits or losses, and in the case of a loss, it could lead to the complete liquidation of the position 👍.