“Gambling With a Timer”: James Wynn Returns to Hyperliquid With a 40x Bitcoin Short
Trader James Wynn, known for high-risk bets, has returned to Hyperliquid with a $190,000 short position on Bitcoin, facing liquidation if the price rises slightly.Summary
James Wynn, a trader previously known for a massive and ultimately unsuccessful $1.25 billion leveraged Bitcoin position on Hyperliquid, has returned to the platform. He has deposited $3,911 USDC, including $1,654 from referral rewards, and opened a 40x short position on 2.69 BTC, worth approximately $190,000. His liquidation price is $71,112.48, with Bitcoin currently trading around $70,697. This means a relatively small price increase of $415 would wipe out his entire investment. Wynn’s history includes significant losses and repeated attempts to recoup them with similar high-leverage strategies, leading to criticism from the crypto community, who view his actions as reckless gambling. The community is closely watching to see if this attempt will end in another liquidation, mirroring his past failures.
(Source：Coinpedia)