🔥🔥🔥🔥🔥Bitcoin: This crazy trader opens a $1 billion position
The bet of the century? In the world of trading, there are bets that defy belief and make even the most seasoned traders tremble. This is exactly what just happened on the Hyperliquid platform, where a bold trader, known by the pseudonym James Wynn, opened a colossal $1.1 billion long position on Bitcoin, with 40x leverage. Yes, you read that right: $1.1 billion.
Key points from this article:
A bold trader opened a $1.1 billion long position on Bitcoin with 40x leverage on Hyperliquid.
James Wynn maintained his position despite temporary losses, ultimately realizing a profit of $36 million.
James Wynn: The Trader Who Defies Gravity
James Wynn, a self-described high-risk, memecoin-maximizing trader, caused a stir by opening this gigantic Bitcoin position. According to data from Hypurrscan, he used $28.4 million in margin to increase his position, which is now worth $1.13 billion. The average entry price for his Bitcoin was $108,065.
Even more impressive is that James Wynn maintained his position despite temporary losses. At one point, his position was down $16.3 million before Bitcoin rebounded back above $110,000. Currently, his position is $36 million in profit.
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