From $100M Wipeout to $98M Gamble—Wynn’s Back and Betting Big on BTC Following last week’s liquidation event exceeding $100 million, the infamous Hyperliquid trader James Wynn has once again plunged into the deep end—this time reopening a 40x long position on bitcoin, now valued at more than $98 million. On Monday, June 2, 2025, the widely recognized Hyperliquid trader James Wynn initiated another high-leverage derivatives bet, going long on bitcoin ( BTC). On X, Wynn told followers to “ buy BTC right now” to “support the cause” and “fight the corruption.” He alleges that his position was targeted the moment it went live, asserting he was “hunted” and speculating about the existence of an “agenda,” even though he admits he’s unclear about its nature. From $100M Wipeout to $98M Gamble—Wynn’s Back and Betting Big on BTC Wynn’s perp trade. Some have posited that Wynn fell victim to “liquidation hunting,” a strategy designed to capitalize on the vulnerabilities of traders employing high leverage. As of Monday, Wynn’s fresh bitcoin long position carries 40x leverage, with the wager now valued at $98 million. His entry point was $105,890 per coin, placing the liquidation threshold at $103,640 per BTC, according to Hypurrscan data recorded at 8 a.m. Eastern on June 2. Roughly 40 minutes prior, Wynn took to X in an effort to galvanize buyers, calling on followers to accumulate more BTC. “ Buy BTC now,” he urged. “Buy their manipulation. Take their bitcoin from them. [I am] your bait to drive [the] price lower,” the Hyperliquid trader added. Social media reactions leaned sharply skeptical, with several suggesting that Wynn’s missteps stem not from market manipulation but from poor judgment. “Bro went from a hero to a beggar in just week,” quipped the X user known as ‘Psycho,’ replying bluntly to Wynn’s latest post.
from-100m-wipeout-to-98m-gamble-wynns-back-and-betting-big-on-btc-following-last-weeks-liquidation-event-exceeding-100-million-the-infamous-hyperliquid-trader-james-wynn

From $100M Wipeout to $98M Gamble—Wynn’s Back and Betting Big on BTC

Following last week’s liquidation event exceeding $100 million, the infamous Hyperliquid trader James Wynn has once again plunged into the deep end—this time reopening a 40x long position on bitcoin, now valued at more than $98 million.

On Monday, June 2, 2025, the widely recognized Hyperliquid trader James Wynn initiated another high-leverage derivatives bet, going long on bitcoin ( BTC). On X, Wynn told followers to “ buy BTC right now” to “support the cause” and “fight the corruption.” He alleges that his position was targeted the moment it went live, asserting he was “hunted” and speculating about the existence of an “agenda,” even though he admits he’s unclear about its nature.

From $100M Wipeout to $98M Gamble—Wynn’s Back and Betting Big on BTC
Wynn’s perp trade.
Some have posited that Wynn fell victim to “liquidation hunting,” a strategy designed to capitalize on the vulnerabilities of traders employing high leverage.

As of Monday, Wynn’s fresh bitcoin long position carries 40x leverage, with the wager now valued at $98 million. His entry point was $105,890 per coin, placing the liquidation threshold at $103,640 per BTC, according to Hypurrscan data recorded at 8 a.m. Eastern on June 2.

Roughly 40 minutes prior, Wynn took to X in an effort to galvanize buyers, calling on followers to accumulate more BTC. “ Buy BTC now,” he urged. “Buy their manipulation. Take their bitcoin from them. [I am] your bait to drive [the] price lower,” the Hyperliquid trader added.

Social media reactions leaned sharply skeptical, with several suggesting that Wynn’s missteps stem not from market manipulation but from poor judgment. “Bro went from a hero to a beggar in just week,” quipped the X user known as ‘Psycho,’ replying bluntly to Wynn’s latest post.