Crypto Trader James Wynn Loses Over $100M Amid Massive Liquidation

James Wynn faced liquidation, leading to a trader loss exceeding $100 million. The trader, who previously grew his deposit from zero to $87 million in 70 days on Hyperliquid, opened a long position on Bitcoin worth $110 million, with leverage reaching 40x, making the total position over $1.26 billion. Despite repeatedly increasing his position and margin, attempting to avoid liquidation, Wynn was ultimately liquidated, resulting in a loss of over $1 billion. Following this, he engaged in a series of unsuccessful trades. After Bitcoin's price fell below $105,000 during the night of May 30, several of his positions were liquidated, including holdings of BTC valued at approximately $109 million across different price points. Wynn stated that these events revealed the corruption in the markets and suggested that it might be better to simply buy and hold BTC in spot or cold storage. Initially, he invested around $3–4 million, with unrealized profits reaching $87 million at peak. Previously, Wynn had announced plans to exit the market with over $100 million profit, but returned the same day, increasing his position again. Consequently, he lost over $100 million, whereas the initial loss was only about $15–20 million.