As of May 28, the cryptocurrency market has experienced significant volatility, especially with whale trader James Wynn. Due to continued market deleveraging, his 40x Bitcoin long position on HyperLiquid has undergone significant changes. Currently, this position is valued at approximately $200 million. The entry price for this position was $109,228.1, with a liquidation threshold set at $102,260. This situation has led to an unrealized loss of $670,000. Such a significant position impact highlights the inherent volatility of cryptocurrency investments and the risks associated with leverage. Traders and investors should remain vigilant and adopt robust risk management strategies to cope with this dynamic landscape.