In a market where volatility is permanent, James Wynn distinguished himself by an extraordinary maneuver: a position long of $ 1.25 billion on bitcoin with a lever of 40x via hyperliquid. A controversial figure of speculative trading, Wynn seemed to surf on an upward wave … until an announcement by Donald Trump on a massive tax against the EU. In a few hours, the geopolitical shock reversed the trend, melting $ 29 million in potential gains, a daring bet caught up in the reality of the markets.
In short
- James Wynn, an active trader on Hyperliquid, hired a $ 1.25 billion position on Bitcoin with a 40x lever.
- This extreme position was partially funded thanks to profits made on the same pepe, compensating for losses on ETH et Su.
- On May 23, an announcement by Donald Trump concerning a customs tax on the EU sparked a brutal fall in Bitcoin under $ 107,000, causing $ 29 million in Wynn.
- Despite this loss, Wynn remains generally in profit, with a cumulative gain of $ 57 million.
Extreme risk taking: James Wynn on the razor thread
A few months ago, the decentralized hyperliquid platform came close to the disaster before stabilizing its situation thanks to technical adjustments and rigorous risk management. On May 24, James Wynn, a high risk trader and is now emblematic of this infrastructure, brought the use of the lever to its climax with a position long of $ 1.25 billion on Bitcoin.
It opened a long position at 40x out of 11,588 BTC, or $ 1.25 billion, with an average entry price of $ 108,243 and an automatic liquidation scheduled for $ 105,180, according to Lookonchain data.
This extreme bet carried out in the wake of the closing of his investment on the same Pepe, which brought him $ 25.2 million. Wynn then reallocked these gains to his Bitcoin bet, shortly after having suffered $ 5.3 million in losses in Ether (ETH) and Su (Sui) positions.
These portfolio adjustments reflect an aggressive strategy, where maximum reactivity and risk -taking seem to take precedence over diversification.
The evolution of its position on bitcoin, spread over several days, testifies to a calculated but extremely daring approach, marked by a strong exposure to the market:
- May 21: initial entry on the BTC up to $ 830 million, followed by 400 million partial gains made on the same day;
- May 22: Strengthening the position increased to $ 1.1 billion, while Bitcoin briefly exceeds $ 110,000, generating 39 million latent gains;
- May 24: position brought to $ 1.25 billion out of 11,588 BTC via X40 lever effect;
- A sale of 540 BTC for $ 60 million, or 1.5 million gains made despite increasing tension on the markets.
Wynn, active on hyperliquid for two months with an initial deposit of $ 4.65 million in USDC, claims to be a “Trader with a high lever and high level of risk” trader “. As such, his trading style is emblematic of a new generation of crypto speculators, ready to face the roller coaster mountains with an extraordinary risk tolerance.
A political announcement that makes giants vacillate
The brutal reversal of the situation occurred a few hours later, when Donald Trump announced on May 23 his intention to establish a 50 % customs tax on all imports from the European Union.
This declaration, perceived as a signal for recovery of trade tensions, immediately shaken all the financial markets, including cryptos. The price of Bitcoin dropped under 107,000 dollars, which sparked volatility that melted Wynn's profits.
This situation led to a dry loss of $ 29 million in one day, according to mortgage data. Other cryptos like Ether were also swept away by the wave, falling up to $ 2,504, while the same collapsed.
If this loss seems spectacular, it has not destroyed the overall performance of the trader. However, James Wynn has always posted a profit of $ 57 million since the launch of its operations on the platform, including 46 million carried out in the past month alone.
However, this sudden fall brutally recalls that, in such an unstable market, massive high lever positions can collapse on a simple political declaration, as unpredictable as external to the fundamentals of the sector.
Beyond the particular case of Wynn, this episode challenges a global problem: the growing exposure of the crypto market to global geopolitical dynamics. Like traditional assets, Bitcoin now reacts almost instantly to major political events, which increases the complexity and risk for investors.
If Wynn has been able to stay afloat, a number of less experienced traders may not take such jolts. While platforms like hyperliquid attract more and more high -risk profiles, the question of system resilience to factors amplifying the fall of cryptos in the event of macroeconomic volatility remains open.
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