The crypto market has once again proven its unpredictability. One of the most well-known crypto whales – James Wynn, recognized on the X platform, suffered another brutal liquidation in just a single day, while Bitcoin (BTC) skyrocketed to new all-time highs.
BTC's Lightning Rally Wipes Out Short Traders
In less than 12 hours after placing his latest position, Wynn was hit by a move that surprised even the bulls. Bitcoin surged from around $108,000 to over $117,000 in less than two days, setting a new all-time high and crushing countless short positions.
Wynn’s publicly tracked wallet, monitored by analytics platform Lookonchain, deposited nearly $28,000 into the Hyperliquid platform yesterday, along with receiving a referral bonus of over $3,950. However, the trade ended in another painful defeat.
Not His First Million-Dollar Blow
Wynn has previously suffered losses in the millions of dollars, sparking community-wide discussion – even attracting remarks from renowned investor Arthur Hayes. Yet, he seems to have learned little from past mistakes. Today's liquidation was swift, occurring in less than half a day, highlighting an aggressive and risky trading strategy that backfired once again.
Short Positions Under Pressure – But Some Still Hanging On
Lookonchain also reported another investor holding a short position with a $10 million unrealized loss. To avoid liquidation, the trader had to act fast, depositing another $5.5 million USDC into Hyperliquid.
This case underscores how high-stakes moves and rapid price action can instantly upend trading strategies—whether by retail traders or whales with multi-million-dollar positions.
🔹 Bitcoin hits new all-time high: $117,000
🔹 James Wynn liquidated again in under 12 hours
🔹 Short positions squeezed, investors pumping millions into Hyperliquid
🔹 Even top players can fall hard in a volatile market
Smart risk management might be the only real defense against the unpredictable swings of the crypto market. Trading short? Time to be extra cautious.
Bitcoin is up over 70% since the start of the year and has defied all expectations. How much further can it go?
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