James Vin, a famous crypto trader known for his high-leverage trading style, recently suffered significant losses in Bitcoin with 40x leverage. According to recent reports, Vin took a long position of $1.25 billion in Bitcoin on the Hyperliquid platform in May 2025, but his position was liquidated after the price of Bitcoin fell below $105,000, resulting in a loss of approximately $95 million to $100 million.
On May 19, Vin opened a 40x leverage position of 5,520 Bitcoin at $103,302, with a liquidation level of $98,294. The decline in Bitcoin's price, especially after news of U.S. President Donald Trump's tariff policies, severely impacted his position. According to some reports, Vin also opened a short position of $1 billion to mitigate his losses, but that also closed with a loss of $15 million.
Vin focused on high-risk trading and rapid execution in his strategy, but the volatility of the crypto market increased the risks for him. He acknowledged his losses in a post on X and shared a screenshot from the movie 'The Matrix,' featuring Neo stopping bullets, which reflects his fighting mentality.
This incident highlights the dangers of high-leverage trading, and experts are advising that ordinary investors should avoid such strategies.