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