High speculative Crypto trader (Gambler) James Wynn has closed a massive $1.25 billion Bitcoin long on Hyperliquid-built with 40x leverage-at a $13.4 million loss, despite briefly sitting on $40 million in paper profits. The trade, one of the largest ever on the platform by a single trader, had a liquidation price of $105,179. Trader Cuts Losses After Bitcoin Dips on Hyperliquid.

Wynn began his Bitcoin long position with $830 million on May 21, trimming $400 million in profits the same day. By May 22, the trader increased the position back up to $1.1 billion as BTC crossed $110,000 and gained nearly $40 million in unrealized profits. He later sold 540 BTC for $60 million, securing a $1.5 million profit.

Source: Hyperdash info

The market is designed to punish the gamblers.