Trader loses more than $ 15.5 million on bitcoin’s fall

Editor’s note: not investment advice!

Cryptocurrency trader James Wynn recorded a loss of more than $ 15.5 million after closing a short position on bitcoin on the Hyperliquid platform. Despite the significant loss, he did not leave the market and immediately opened a new position, this time long, with a leverage of 40x. Analysts note that this behavior shows his confidence in the further growth of the flagship cryptocurrency.

The deal was reported on May 26. According to Hyperliquid data, James Wynn’s new position in bitcoin BTC $109,253.63 Bitcoin 1.71% Market capitalization $2.17 trillion VOL. 24 hours $1.81 billion will be liquidated if the BTC price drops to around $ 103,324. This indicates a high level of risk: even minor market fluctuations can lead to new losses.

Earlier, on May 24, Wynn recorded a significant profit from transactions with bitcoin and PEPE token — $ 18.36 million and $ 25.23 million respectively (excluding commissions). These successful trades allowed him to maintain a high total profit on the platform, which currently exceeds $ 25.5 million.

At the time of publication, two key positions remain open: BTC and PEPE. Despite the high risks, Wynn continues to actively use market fluctuations for aggressive speculation, demonstrating confidence in short-term exchange rate forecasts.

This is not the first time the trader has made a high-profile profit. Earlier it was reported that he significantly increased his deposit due to a successful investment in meme-coin on the Solana network SOL $173.95 Binance-Peg SOL 1.37% Market capitalization $0.19 billion VOL. 24 hours $0.42 billion , which emphasizes his active participation in highly volatile segments of the crypto market.

No Worries strongly advises readers not to invest in dubious crypto projects and little-known digital assets!