Brothers and sisters, the crypto circle is exploding again! 🔥 On Hyperliquid, on-chain trading master James Wynn staged a $1.2 billion long BTC drama, using 40x leverage directly hitting the ceiling! This morning, he decisively cut losses and closed positions, suffering a loss of $13.39 million on a single trade! But don’t panic, after a few days of operations, he netted $8.45 million, still embodying the essence of a big shot! Today, let's analyze this operation, bringing data and comparisons, providing you with a wealth of insights!
🛫 $1.2 billion gamble, textbook-level loss-cutting!
Wynn splashed $1.2 billion on Hyperliquid opening long BTC positions with 40x leverage, his courage is bigger than Mars! Data shows that when he opened the position, BTC was about $68,000, and when he closed it, it dropped to $66,000, a 2.94% fluctuation resulting in a loss of $13.39 million! To put it into perspective, a 1% fluctuation can lead to a gain or loss of $48 million! But Wynn maintained a steady mindset, posting on X: “Know when to push hard, when to back down, and when to retreat! Don’t keep staring at the money, count it after the trade is over!” Haha, isn't this just the crypto version of 'The Gambler'? Loss-cutting done with such style!
🔥 Single loss, overall profit!
A single loss of $13.39 million, but Wynn's total profit over a few days is $8.45 million! On-chain big shot Yu Jin (@zhushituren) praised: “Although there was a loss on one trade, the overall profit shows first-class vision and rhythm!” Comparing with retail investors: $10,000 principal, 40x leverage, a 2.94% fluctuation directly leads to liquidation! Wynn's $1.2 billion scale can still profit, relying on precise capital management and risk control! Data shows that the liquidation rate for leveraged trading on Hyperliquid is 60%, while Wynn's liquidation probability is less than 5%, a significant difference!
Wynn's legend: From $7,000 to millionaire! 💰
Wynn wasn't made in a day! In 2023, he used $7,000 to play with the PEPE meme coin, turning it into $25 million, with a return of 357,000%! In May this year, he closed his PEPE positions, earning another $25.18 million; PEPE in his hands is like a “printing press”! Compared to BTC (2x) and ETH (3x), PEPE surged over 10x during the same period, and Wynn accurately seized the spike window! He calls PEPE “undervalued,” but there are also controversies in the community about “raising prices to cut fans,” making this topic quite dizzying!
Do you think Wynn is a big shot or just “harvesting leeks”? Let’s discuss in the comments! ✉️