Trader James Wynn opens a new long position of $100 million with 40x leverage.
Cryptotrader under the pseudonym James Wynn opened a new long position in Bitcoin with 40x leverage at the level of $105,890. He continues to replenish the collateral in tranches of hundreds of thousands of dollars; at the time of publication, his position will be liquidated at a Bitcoin price of $103,637.
According to him, immediately after entering the trade, a sharp movement against him began. He called it a targeted attack and urged his followers to buy Bitcoin.
"Maybe I'm just a little fish in the game of whales, or maybe it's because of me that everyone found out about Hyperliquid. Either way, if you want to support the fight against corruption, buy Bitcoin right now," he wrote on X.
The trader became a notable figure in the crypto community after a series of risky trades through Hyperliquid, at one point holding a long position of $1.2 billion and $82 million in unrealized profit. Almost all of his trades ultimately closed at a loss. After losing more than $100 million in positions with large leverage, he stated that he "showed how corrupt the market is".
