James Wynn has officially closed his entire long position of $BTC worth $1.2 billion on Hyperliquid.

He went through an emotional rollercoaster: from a profit of +$20 million, a loss of -$20 million, then a profit of +$40 million… and ended with a loss of -$10 million.

This is the largest trading position in history on a DEX – a "9-figure circle" that the entire market witnessed.