Whale’s $1.2B Bitcoin Bet Crumbles: Is James Wynn’s Loss a Crypto Warning Sign?
Crypto trader James Wynn’s $1.2B Bitcoin long position on Hyperliquid tanks with a $13.4M loss as BTC dips below $108K. Analysts warn of further corrections. Is this a signal for cautious investing?
On May 24, 2025, high-stakes trader James Wynn closed his massive $1.2 billion Bitcoin long position on Hyperliquid, a decentralized exchange, at a $13.4 million loss after Bitcoin fell to $107,000, per Crypto News. Using 40x leverage with an entry price of $108,243 and a liquidation level of $105,180, Wynn’s bet was rocked by volatility from Trump’s 50% EU tariff announcement. He swiftly opened a $111.8 million BTC short position at $107,711, now up $70,000, signaling a bearish shift, per Lookonchain.
Analysts like CrediBULL Crypto warn that a drop below $107,000 could trigger further liquidations, potentially pushing BTC to $105,000. Despite Bitcoin’s 2025 peak of $111,970, fueled by ETF inflows, profit-taking and geopolitical tensions suggest a correction. For beginners, Wynn’s loss highlights the risks of high-leverage trading in a volatile market. While his pivot to a short position shows adaptability, it underscores crypto’s unpredictability. New investors should diversify, avoid heavy leverage, and monitor macroeconomic signals to navigate this turbulent landscape safely.
NOTICE:
The information provided on trafy.io does not constitute investment advice or recommendations. All investment and trading activities involve risks, and readers are advised to conduct their own research before making decisions.
NOTICE:
The information provided on trafy.io does not constitute investment advice or recommendations. All investment and trading activities involve risks, and readers are advised to conduct their own research before making decisions.
