#TradingMistakes101 A well-known crypto trader, experienced a wild ride on , turning $3 million into $100 million before losing it all within a week. He attributed his downfall to greed and public pressure, stating that his trades became emotional and reckless. Despite this massive loss, Wynn continues to promote trading platforms and meme coins.¹

*Key Events Leading to Liquidation:*

- *Initial Profit*: Wynn's account soared to $100 million, with unrealized profits reaching $85 million at one point.

- *High-Leverage Bets*: He took massive, high-leverage positions in Bitcoin (BTC), PEPE , and other tokens, drawing attention from crypto enthusiasts worldwide.

- *Downfall*: A colossal $1.25 billion long bet on Bitcoin collapsed as prices slid below $105,000, amid mounting geopolitical tensions, draining over $37 million including fees.

- *Liquidation*: Wynn's positions were liquidated for $16.14 million after Bitcoin's price dipped below his liquidation threshold, with 379 BTC lost on using leverage.² ³ ⁴

*Aftermath:*

Wynn's liquidation didn't seem to faze him, as he shrugged off the setbacks with a gambler's spirit, saying, "I'll run it back, I always do. I enjoy playing the game." He even used a $481 referral reward to open a short on BTC, only to lose another $113.55. Wynn has also expressed support for CEO Zhao's upcoming decentralized exchange for , predicting it could dominate the market.⁵