Casino trading ends badly. The Bitcoin (BTC) and cryptocurrency market is known for its volatility. Thus, traders can make colossal profits as well as abyssal losses. This is what happened to trader James Wynn on Hyperliquid who saw his positions liquidated.
The key points of this article:
James Wynn, a trader with ultra-risky positions, suffered $100 million in liquidations on Hyperliquid after a sudden drop in Bitcoin.
Using x40 leverage, Wynn treated trading like a game of chance, ready to lose everything in this casino trading.
This crazy trader suffers $100 million in liquidation on his Bitcoin positions
On Friday, May 30, 2025, the price of Bitcoin briefly dropped below $105,000. A decline that affected many Long traders (bullish). This was notably the case for James Wynn, a trader known for his very risky positions.
Indeed, as Cointelegraph notably reports, he saw his long positions on Bitcoin liquidated for a total of nearly $100 million, after this recent drop of BTC from its new high of $111,000.
In detail, James Wynn had opened two Long positions with leverage on Bitcoin, betting on a rise in the price of the cryptocurrency. However, on-chain data shows that these two positions were liquidated for $55.3 and $43.9 million on May 30, 2025 (for a total of $99.2 million).
James Wynn: a high-risk 'casino trader' on Hyperliquid
On May 24, our trader on Hyperliquid had multiplied his Long bet on Bitcoin with a staggering leverage of x40 (!), thus inflating his position to $1.25 billion.
As Cointelegraph reminds us, James Wynn explained himself that he takes his trading positions as 'gambling', that is to say as bets in games of chance, and that he is 'ready to lose everything'.
James Wynn is by no means a professional trader, as he 'does not respect risk management rules' as he himself states. And he can clearly afford to lose millions to play at this casino trading. In any case, this does not stop the decentralized perpetual exchange Hyperliquid from continuing to attract traders and achieving great success.
