A high -risk crypto trader, James Wynn, who was recently famous for having lost $ 178 million in Bitcoin, made a strong return. After announcing a break in perpetual trade on the hyperliquid, Wynn opened a massive position of 40 times on Bitcoin, holding nearly 945 BTC, worth around 99.6 million dollars.
Discover where this other bet of $ 100 million will reimburse him, or will he face another setback?
Bring you in perpetual trading on the hyperliquidal
In a recent tweet, James Wynn said he wanted to take a break in perpetual trading. Consequently, he sold the 126,116 thickening tokens he had at an average price of $ 32.72, earning approximately $ 4.13 million from the sale. This sale has occurred on hyperliquid, a decentralized exchange which experienced a big leap in commercial activity.
Wynn had initially bought these media threshing tokens on May 9 and 12 at an average price of $ 24.84, spending about $ 3.13 million. This means that it made an estimated profit at $ 1 million, a gain of approximately 31.9%.
Even if Wynn has left perpetual trade for the moment, he had kind words for hyperliquid, calling him an “impeccable” service and thanking them for their support.
Wynn’s $ 100 million bet on Bitcoin
Only 2 hours after sold all the media threshing tokens, Spotonchain’s data show that Wynn has opened a position of 100 million massive dollars on Bitcoin, holding nearly 945 BTC. What is more shocking is that it uses a 40x lever effect on this business, which makes this business very risky.
Its entry price was about $ 105,890 per Bitcoin, but the station already displays a loss of $ 455,000. With a liquidation price of $ 104,580.
Wynn walks on a thin line, if the Bitcoin price drops below this level, its position could be destroyed, resulting in significant loss.
