Dealer goes all-in: $ 1.1 billion on Bitcoin with 40x lever

An anonymous trader, active under the name “James Wynn”, has again caused a stir in the crypto world. He opened an unprecedented lung position of $ 1.1 billion on Bitcoin (BTC) on the Decentralized Hyperliquid trading platform, with a lever of no less than 40x.

Simply put, that means: if Bitcoin rises by 1%, Wynn is in the plus by 40%. And vice versa of course the same applies.

Unprecedented scale on hyperliquid

Never before has a position of this format registered on hyperliquid. According to Data from Hypurrscan, Wynn started a $ 28.4 million margin and built it up in several steps to the current position of more than $ 1.13 billion. His average entry price is around $ 108,065, while Bitcoin has now climbed towards $ 112,000.

The trade is currently $ 36 million in the Plus, although the position previously showed $ 16 million loss when the rate temporarily dropped to below $ 108,000. The liquidation level is around $ 103,790, with which the margin seems spacious at first sight.

The movement is anything but impulsive. Earlier transactions show that Wynn has already performed 32 trades two months ago since his first $ 4.65 million deposit. This includes not only positions in Bitcoin, but also in XRP, Fartcoin (Fartcoin) and the controversial token of President Donald Trump, Official Trump (Trump)

Within the online crypto community, Wynn is known as a trader with high tolerance for risk, and as an avid memecoin fan. Among other things, he claims to have recommended Pepe (Pepe) when the Market Cap was only $ 600,000.

High lever remains risky

Interestingly, Wynn started to phase out some of his positions when Bitcoin fluctuated around $ 106,000 on 20 May. The profitable tilt only followed when Bitcoin exceeded $ 110,000, with which his risk temporarily decreased. Despite that, the position remains extremely sensitive to price fluctuations due to the high leverage.

According to data from HYPDASH, a small part of his profit is also due to a position in Kpepe. The majority, however, come from his brutal Bitcoin lung.

The reactions to this gigantic position range from admiration to total bewilderment. Some analysts call him a strategist with steel nerves, others doubt his mind. After all, this can be a way to lose a lot of wealth in a very short time.