Whale in Trouble: James Wynn Loses Millions on Long $BTC
The market does not forgive overconfidence. Even if you are James Wynn.
The trader opened a gigantic long position of $1.25 billion on $BTC at a price of $108,243, using 40x leverage on the Hyperliquid platform. But the market went against him—the price fell below $107,000, and now he is down over $29 million, with liquidation close at $105,180.
What happened?
Wynn had previously locked in profits of $400M but re-entered long at the highs.
He has already closed losing positions on $ETH and SUI at $5 million.
All focus is on BTC. And now the market is watching: will it hold?
Why does it matter?
Such whales move the market. Their actions are a signal for observant traders.
But even they have unrealized losses, risks, and nerves.
Lesson?
It doesn’t matter who you are. Leverage is a risk. Manage your position, not your ego.
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