#TradingTales The whale opened a long position in Bitcoin on Hyperliquid for $1 billion

Trader James Wynn opened a long position in Bitcoin with 40x leverage for over $1 billion. Amid high volatility, his bet fluctuated from an unrealized loss zone to profit.

At the time of writing, the average entry price is $108,065, with a liquidation price of $102,672.

The unrealized profit at this moment amounts to over $30 million.

Notably, some traders attempted to bet against Wynn's position. In particular, a user under the pseudonym qwatio opened a short position in Bitcoin with the same leverage for $35.8 million.