## James Wynn Closes BTC and HYPE Shorts on Hyperliquid OnchainLens reports that prominent Hyperliquid trader James Wynn has closed out his leveraged short positions on both Bitcoin (BTC) and Hyperliquid's native token, HYPE. Wynn utilized 40x leverage for his BTC short and 10x leverage for his HYPE short. ## Wynn's Hyperliquid Trading Activity This move follows a recent deposit of $467,999 into his Hyperliquid account just two days prior. Currently, Wynn's Hyperliquid balance sits at $787,534, indicating a profitable trading period even with the short positions closed. It is not clear if the profits are from closing the short positions or from other trading activities. Hyperliquid is a decentralized exchange (DEX) known for its high leverage trading options. Traders use such platforms to speculate on the price movements of cryptocurrencies like Bitcoin and HYPE. This closure suggests a potential shift in Wynn's market outlook, moving away from a bearish perspective on BTC and HYPE. ```

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