Crypto Trader Loses $100 Million in Leveraged Bitcoin Position on Hyperliquid 💸
Crypto trader James Wynn experienced a massive financial setback after being liquidated for over $100 million in a leveraged Bitcoin position on Hyperliquid. The position used 40x leverage, and the liquidation happened despite Bitcoin's price only moving within a narrow 2% range. Wynn had previously turned $500,000 into $87 million through high-leverage bets on meme coins, showcasing his risk-taking strategies.
In contrast, another trader, identified only as 0x2258, managed to make $17 million, highlighting the mixed fortunes encountered in high-leverage trading.
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