From a Loss of 100 Million USD to a Bet of 98 Million USD - Wynn Returns and Makes a Big Bet on BTC

After the liquidation event exceeding 100 million dollars last week, notorious trader Hyperliquid James Wynn has once again jumped into the game—this time reopening a 40x long position on bitcoin, currently worth over 98 million dollars. The notorious Hyperliquid trader James Wynn is diving into the depths with a 40x Bitcoin bet. On Monday, June 2, 2025, renowned trader Hyperliquid James Wynn initiated another high-leverage derivatives bet, which was to buy bitcoin ( BTC ). On X, Wynn told his followers to "buy BTC right now" to "support the cause" and "fight against corruption." He alleged that his position was targeted as soon as it launched, claiming that he was "hunted down" and speculating about the existence of an "agenda," although he admitted that he was unclear about its nature.

Some people believe that Wynn has become a victim of "liquidation hunting", a strategy designed to exploit the weaknesses of traders using high leverage. As of Monday, Wynn's new long position in bitcoin has a leverage of 40x, with a current bet of 98 million dollars. His entry point is 105,890 dollars per coin, setting the liquidation threshold at 103,640 dollars per BTC, according to Hypurrscan data recorded at 8 AM Eastern Time on June 2. About 40 minutes ago, Wynn entered X to try to encourage buyers, urging followers to accumulate more BTC. "Buy BTC now," he urged. "Buy their manipulation. Take their bitcoin from them. [I] am your bait to pull the price lower," the Hyperliquid trader added. The reaction on social media leans heavily towards skepticism, with some people suggesting that Wynn's mistakes are not due to market manipulation but rather poor judgment. "Bro went from hero to beggar in just a week," a user on X named 'Psycho' sarcastically replied directly to Wynn's latest post.