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$110M Wiped Out: Bitcoin Whale Trader Gets Burned As BTC Tags $104,150

  • James Wynn, a high-leverage crypto trader, suffered liquidation of nearly $100 million in Bitcoin long positions on May 30 as BTC fell below $105,000.
  • This event occurred after U.S. President Donald Trump declared a 50% tariff on exports from the European Union, leading to a sharp market decline that severely impacted Wynn's highly leveraged $1.25 billion Bitcoin position.
  • Wynn liquidated 949 BTC worth about $99.3 million across multiple trades at prices between $104,150 and $106,330, according to on-chain data from Hypurrscan and Arkham Intelligence.
  • Wynn posted on X that he 'closed the position' and expressed frustration with market corruption, acknowledging he took extreme risks and advising others against similar leverage trading.
  • His losses underscore the dangers of high-leverage crypto trading, prompting community discussion on risk management, while Wynn maintains some BTC holdings and confidence in Bitcoin's future.
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Bitcoin on the rise and Wynn loses 100 million! Over the past few weeks, the cryptocurrency market has witnessed an impressive rise in Bitcoin’s value, just as tycoon James Wynn faces substantial losses of $100 million. This phenomenon has captured the attention of investors and analysts around the world, who seek to understand the reasons behind these drastic changes in the economic landscape. The context of Bitcoin’s rise Since its creation, B…

James Wynn, Hyperliquid's flagship trader, lost nearly $110 million in a few hours due to a series of liquidations on Bitcoin. His long position was $1.25 billion in 40x leverage, with over 11,500 BTC committed at an average price of $108,243. He maintains a residual position of $167.5 million at risk, and is now critical of market corruption by calling for BTC to be held in the spot. James Wynn's Legend Scatters and Collapses One of the most vi…

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Bitcoinsensus broke the news in on Friday, May 30, 2025.
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