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James Wynn lost $110M as BTC long positions were liquidated.
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He had built up a $1.25B leveraged position at 40x leverage.
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Wynn still holds $167M in open long positions.
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BTC’s drop followed Trump’s announcement of 50% EU tariffs.
Massive Leveraged Bet Ends in Collapse
High-profile trader James Wynn, known for bold leveraged moves on Hyperliquid, lost more than $100 million this week after a series of liquidations wiped out his long positions. Wynn’s 40x leveraged BTC trade was undone as Bitcoin slipped below $105,000, triggering cascading liquidations.
From Billion-Dollar Bet to Massive Losses
Wynn originally opened a $1.25 billion long position by May 24, acquiring over 11,500 BTC at an average price of $108,243. But as market sentiment shifted—partly due to President Trump’s tariff announcement—BTC declined and Wynn’s positions began to unwind rapidly, resulting in losses of over $110 million.
Trader Still Holding a Risky Position
Despite the setback, Wynn is still holding a significant position: approximately 1,592 BTC worth $167.5 million, with the same high 40x leverage. The liquidation price for this trade hovers around $104,530, meaning continued volatility could result in further losses.
Wynn Criticizes Market Integrity
In a post on X, Wynn expressed frustration, suggesting that crypto markets are “corrupt” and warning others to consider safer approaches like spot holdings. His trades have brought attention to the risks of extreme leverage and market manipulation claims in crypto derivatives.
