In the world of cryptocurrencies, where big wins and losses are commonplace, the story of James Wynn has become a true shock. This trader, known for his aggressive strategy, suffered a loss of almost $100 million due to excessive leverage.
📉 $1.25 billion at stake
Wynn opened a long position on Bitcoin on the decentralized exchange Hyperliquid, using 40x leverage. With an initial capital of $20 million, he controlled a position worth $1.25 billion. When the price of Bitcoin fell below $105,000, his positions were liquidated, resulting in a loss of 949 BTC, or about $99.3 million.(AInvest)
🧠 No regrets
After the loss, Wynn stated:
"The derivatives casino was fun. No regrets. Turning $4 million into $100 million and back to -$13 million — that's real thrill."(AInvest)
He even opened new positions on Bitcoin and the meme coin PEPE, again using a high level of leverage.
⚠️ Lesson for traders
This story highlights the risks of excessive leverage in crypto trading. Even experienced traders can suffer significant losses due to market volatility.
