$BTC After 3 Liquidations, James Wynn Exits $81M Bitcoin Bet with $20M in Losses

A $74K deposit saved a trader Jame’s $81M BTC long from liquidation—just $40 above the margin wipeout on 40x leverage.

BTC volatility triggered $1.12M in losses from forced liquidations, crushing Wynn’s position and draining his crypto portfolio.

After a $10M portfolio crash and -$20.5M lifetime PNL, Wynn exits trading, leaving Hyperliquid with only $706K in equity.

Bitcoin trader James Wynn narrowly avoided liquidation on a massive 40x leveraged long position valued at over $81 million. The trade, placed on Hyperliquid, came within $40 of being fully liquidated as BTC dipped to $103,899, just above the margin threshold of $103,859. According to Arkham Intelligence, Wynn’s position was margin-backed by $1.48 million in cross-mode, meaning the entirety of his capital was at risk.

The unrealized loss on the trade crossed $1.24 million at peak drawdown, with BTC displaying sharp volatility between $106,000 and $103,000. Traders flagged this behavior as indicative of liquidity hunting, where price action targets weak margin positions in an attempt to trigger forced exits.

Strategic Deposit Buys Critical Breathing Room

Just before the drop, Wynn moved $74,000 in USDC from Binance to Hyperliquid via an on-chain bridge, pushing his liquidation price low enough to survive the dip. According to Lookonchain, the deposit occurred within an hour of BTC’s sharp reversal, underscoring precision timing in a fast-moving market.