#TradingTypes101
🔥 Biggest Crypto Futures Liquidation in History
📅 Date: May 17, 2024
🧑 Trader: James Wynn
🏦 Platform: Hyperliquid Exchange
💸 Total Loss: Over $100 million
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⚡ What Happened?
On May 17, 2024, trader James Wynn made headlines after suffering one of the largest individual liquidations in crypto history.
He opened a $1.25 billion long position on Bitcoin (BTC).
Used 40x leverage, which means a small price move could wipe out the position.
When Bitcoin's price dropped unexpectedly, his entire position got liquidated.
He lost over $100 million in a matter of minutes.
This event was widely reported in crypto news and shocked the trading community.
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🧠 Lesson for Traders
Avoid high leverage (especially over 10x) unless you're highly experienced.
Always use stop-loss orders to limit potential losses.
Never risk more than you can afford to lose.
Follow proper risk management rules and understand market direction.
Even smart traders can lose big without discipline.
