A hyperliquid trader known as James Wynn saw his bets on the Bitcoin platform on almost $ 100 million after Bitcoin below $ 105,000.
Wynn had made two significant long-term positions on Bitcoin (BTC), betting that the price of cryptocurrency would increase, but onchain’s data show that these positions were liquidated up to $ 99.3 million on May 30, while the BTC fell to 10 days.
The first position of 527.29 BTC worth $ 55.3 million was liquidated, because Bitcoin reached $ 104,950, and the second position of 421.8 BTC worth $ 43.9 million was closed after Bitcoin height at $ 104,150, according to the hyperliquid analytics platform.
On May 29, another Wynn position of 94 BTC worth $ 10 million was liquidated at $ 106,330.
In total, the positions saw 949 BTC liquidated, and Arkham Intelligence and Lookonchain, both noted that Wynn had lost nearly $ 100 million in last week.
Bitcoin prices nasty at $ 104,630 on Coinbase at the start of exchanges on May 30, according to TradingView, but its price fell on other trading platforms.
Wynn has increased its Bitcoin Bitcoin 40x for 40x to $ 1.25 billion on May 24, but took a hit when the assets dropped after more prices from US President Donald Trump.
In relation: The hyperliquid trader displays $ 3 million in $ 27.5 million during the cryptography rally
Wynn reacted to the liquidation with a cryptic post on X, sharing a screenshot of the 1999 science fiction classic The matrix, Where the main character Neo, played by Keanu Reeves, stops bullets in the air.
It always has the long 40x position open in a perpetual contract, according to Morurrscan. The long bet was opened when Bitcoin was at $ 107,993 and is currently an unrealized loss of $ 3.4 million.
An “extreme degenerate”
James Wynn first drew attention to his memecoin choices, in particular with his investment in the Pepe (PEPE) same, which harvested it millions of earnings.
On May 29, before the great liquidation, he described himself as “extreme degeneration” by taking high -risk professions, adding that he should lose everything.
“I do not follow the appropriate risk management, and I do not pretend to be a professional; If anything, I claim to be lucky. I actually play. And I suppose everything. I strongly advise people against what I do! ”
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