- Wynn opened a new 124K Bitcoin short using 40x leverage after a recent liquidation.
- His total realized losses on Hyperliquid now exceed 23.3 million dollars.
- Bitcoin’s rise above 106K triggered multiple liquidations before the new short.
- Community comments warn that Wynn’s high leverage increases liquidation risk.
A sharp move in Bitcoin has pushed many high-risk traders to rethink their positions, yet one trader has taken an opposite path. Hours after losing a large short during Bitcoin’s climb above 106,000 dollars, James Wynn opened a new 40x leveraged short worth more than 124,000 dollars. The move has drawn fresh attention to his trading history as new data shows his long list of losses on the platform.
New Short Position After Earlier Liquidation
James Wynn placed a new short on Bitcoin with 40 times leverage on Hyperliquid. The trade held a full short bias with no open long positions at the time. Data from the on-chain tracker showed an average entry price near 105,319 dollars.
Shortly after the order went live, the trade showed an unrealized loss of about 164 dollars. The high leverage left the position exposed to even a small price rise in Bitcoin. Traders noted that movements of less than 3 percent can remove all margin at 40x.
Wynn’s earlier short was liquidated when Bitcoin crossed 106,000 dollars during the recent push. Records showed several liquidations between November 9 and 11. These came as Bitcoin’s rise affected many traders who used high leverage. Some of Wynn’s losing positions ranged from 40,000 to 300,000 dollars. By the end of those moves, his account balance dropped to under 3,000 dollars.
Market Response and Community Reactions
After the liquidation, Wynn posted on X to comment on the market. He wrote, “$BTC breaks $105K, tag a bull, they need to step in now!” The post showed he maintained a bearish view. His profile also carried a message calling himself the “King of Perps” while urging users to trade on Hyperliquid.
The online community responded with caution and criticism. A crypto analyst known as Joe said the new short was “a ticking time bomb.” He added that “40x in this market is straight suicide, not skill.” Other traders commented on Wynn’s repeated losses. One user wrote that the trader was “speedrunning bankruptcy like it’s a side quest.”
Some users pointed to the risks of taking trades without enough margin support. They said the past week’s sharp moves in Bitcoin made extreme leverage more dangerous.
Loss Record and Risk Concerns
Wynn’s total realized losses on Hyperliquid have reached over 23.3 million dollars. The large loss figure was confirmed through the platform’s on-chain tracker. Market watchers said these losses show how fast positions can collapse when leverage is not controlled.
Analysts said that Bitcoin’s fast price swings have removed many over-leveraged positions in recent days. They also said traders often take on higher risk when they expect quick market moves. This has led to a rise in liquidations during Bitcoin’s push above 100,000 dollars.
Commentator Krypto Tata said, “When someone goes all-in with leverage and calls it confidence, that’s not strategy, it’s addiction to risk.” His statement reflected growing concern about high-risk trading across decentralized platforms.
Wynn’s trade remains open as Bitcoin moves in a wide range. His new short has brought more attention to the dangers of extreme leverage. The latest position also shows how trader decisions can shift quickly during market pressure.
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