Written by: Bright, Foresight News
The current volatility of Bitcoin has reached a very low point, making the market appear "dry."
However, there is always a group of contract leverage experts in the market looking to exploit every opportunity, gambling on the possible future trends of Bitcoin. They are all trading veterans who once made fortunes in major market movements, often wielding positions of hundreds of millions of dollars. Recently, however, several on-chain whales who have stirred market fluctuations have chosen to push forward at the "worst possible time."
James Wynn: From 100 million to 10,000.
On the night of July 2 at 11 PM, according to Lookonchain monitoring, the Bitcoin long position opened by James Wynn on Hyperliquid has encountered four consecutive liquidations, leaving only 10,600 dollars in his account. His fallen situation serves as a warning for all contract traders.
James Wynn is undoubtedly the star of the first half of the year. He started trading on Hyperliquid in March 2025, and in the early stages, he preferred to hold positions for longer (over 3 days) and welcomed both mainstream coins and meme coins. He excels at making profits in one direction during high volatility driven by major market movements. For example, on May 13, his long position in Pepe had more than 23 million dollars in unrealized profits. James Wynn himself stated that at the peak, his account was valued at over 100 million dollars.
However, by the end of May, after significant losses, James Wynn fell into a "sage mode." In the previous week, he had already withdrawn over 96 million dollars due to geopolitical factors and new high pressures on Bitcoin, resulting in an overall loss of 14.03 million dollars.
However, at that time, James Wynn was very charismatic. He posted on X saying, "It's just 100 million dollars, a drop in the bucket in the world of money." "I never thought about closing my position."
On June 2, when James Wynn faced another potential liquidation, he actually went public to "beg" across the internet, waving the flag against the "market-making group."
Although this position eventually turned profitable thanks to the help of kind-hearted individuals and a relief in market sentiment, just a few days later, with the fallout from the friendship fallout between Trump and Musk, James Wynn lost everything overnight.
Since then, James Wynn has not deposited large amounts into Hyperliquid to open new positions, but he still stubbornly called out, "If Hyperliquid adjusts the leverage back to 50 times, I will deposit 75 million dollars to go long. Let's do it again; this time I am ready." "If a black swan event occurs, I will invest all my funds to position myself."
"Insider Bro": A single misstep leads to eternal regret.
"Insider Bro" @qwatio also had fruitful results in the on-chain contract trading in the first half of the year. He excels at "extreme all-in" strategies, typically selecting the highest leverage when opening positions, with the liquidation price very close to the current market price, showcasing his keen market insight.
His classic "battles" include: on March 20, 2025, around the Federal Reserve's interest rate decision, he shorted when the BTC price was 84,566 dollars, took profits when the price fell to 82,000 dollars, and then went long at 82,200 dollars, closing out when the price rebounded to 85,000 dollars. His dual-profit operations earned him the nickname "Insider Bro." After that, his precise judgment in buying Ethereum at the bottom and shorting based on U.S.-China trade negotiations also brought in substantial profits. During this period, it even triggered other big players to form a "whale hunting squad" to target him.
However, in the second half of June, the short-selling operations of the "Insider Bro" encountered a disastrous defeat. On the night of June 25, his positions of 122 million dollars in Bitcoin and 68.3 million dollars in Ethereum short positions faced partial forced liquidation, suffering a floating loss of 8.32 million dollars. After multiple forced liquidations and position reductions, he increased his short position again during the afternoon session on July 1 when BTC and ETH slightly retraced, and that night he added back a short position worth 50 million dollars, raising the overall short position to 250 million dollars.
The market did not favor this wishful trader. On the night of July 2 at 11 PM, as Bitcoin rebounded, "Insider Bro" was liquidated for another 50 million dollars. On-chain data showed that when BTC retraced to about 105,500 dollars, he was actually close to breaking even, but he did not stop loss and close the position.
AguilaTrades: The poor big player whose account was bombed by Iran.
AguilaTrades stated in his X profile that he is an experienced swing trader who began trading in 2013, originally conducting contract trading on Bybit. He successfully bet on the upward trend during the 2024 U.S. elections, earning 50 million dollars and rising to fame in one battle.
In January 2025, AguilaTrades showcased a battle record of nearly 100 million dollars in profits over the past six months, demonstrating the sharpness of his operations.
But even such an OG was powerless in the face of market fluctuations caused by geopolitical events. On June 8, AguilaTrades withdrew 39.18 million USDC from Bybit and transferred it to Hyperliquid, using 40X leverage to go long on Bitcoin.
At first, his long position had a profit of 5.6 million dollars, but he did not secure the gains. With Israel's strike on Iran's nuclear facilities, he hurriedly closed his position, resulting in a loss of as much as 12.47 million dollars.
On June 15 and 20, AguilaTrades made a comeback and went long again. The second time yielded a maximum profit of 10 million dollars, and the third time yielded a maximum profit of 3.2 million dollars, but neither was closed. Subsequently, influenced by the news of the U.S. military strike on Iran and the vote to close the Strait of Hormuz, the price of Bitcoin fell below 100,000 dollars. As a result, both trades were forcibly liquidated, resulting in a total loss of 20 million dollars.
Ironically, when Bitcoin fell below 100,000 dollars, AguilaTrades had attempted to counter with a short position, but when Bitcoin rebounded, he lost 2.33 million dollars, with total losses amounting to 35 million dollars. This shows that even a big player who has made over 100 million dollars can still lose composure when facing losses, just like small retail traders.
