Hyperliquid whale losses near $100M after Bitcoin dips below $105K

A Hyperliquid trader known arsenic James Wynn has seen his Bitcoin agelong bets connected the level liquidated for astir $100 cardinal aft Bitcoin dipped beneath $105,000. 

Wynn had made 2 important agelong leveraged positions connected Bitcoin (BTC), betting that the cryptocurrency’s terms would rise, but onchain information shows those positions were liquidated to the tune of $99.3 cardinal connected May 30 arsenic BTC fell to a 10-day low.

The archetypal presumption of 527.29 BTC worthy $55.3 cardinal was liquidated arsenic Bitcoin deed $104,950, and the 2nd presumption of 421.8 BTC worthy $43.9 cardinal was closed aft Bitcoin sank to $104,150, according to the Hyperliquid analytics level Hypurrscan.

On May 29, different of Wynn’s positions of 94 BTC worthy $10 cardinal was liquidated astatine $106,330. 

In total, the positions saw 949 BTC liquidated, and Arkham Intelligence and Lookonchain, some noted that Wynn has lost astir $100 cardinal implicit the past week.

James Wynn liquidation transactions. Source: Arkham Intelligence

Bitcoin prices wicked down to $104,630 connected Coinbase during aboriginal trading connected May 30, according to TradingView, but its terms has dropped little connected different trading platforms. 

Wynn increased his 40x leverage agelong Bitcoin stake to $1.25 cardinal connected May 24, but took a deed erstwhile the plus tumbled pursuing much speech of tariffs from US President Donald Trump.

Related: Hyperliquid trader flips $3M into $27.5M during crypto rally

Wynn reacted to the liquidation with a cryptic post connected X, sharing a screenshot from the 1999 sci-fi classical The Matrix, wherever the main quality Neo, played by Keanu Reeves, stops bullets successful mid-air.

He inactive has the 40x leveraged agelong presumption unfastened successful a perpetual contract, according to Hypurrscan. The agelong stake was opened erstwhile Bitcoin was astatine $107,993 and is presently astatine an unrealized nonaccomplishment of $3.4 million.

Source: Hypurrsan

An “extreme degenerate” 

James Wynn archetypal gained wide attraction for his memecoin picks, peculiarly with his concern successful the Pepe (PEPE) memecoin, which garnered him millions successful gains.

On May 29, earlier the large liquidation, helium described himself arsenic an “extreme degenerate” taking connected high-risk leverage trades, adding that helium stands to suffer everything. 

“I bash not travel due hazard management, nor bash I assertion to beryllium a professional; if anything, I assertion to beryllium lucky. I’m efficaciously gambling. And I basal to suffer everything. I powerfully counsel radical against what I’m doing!” 

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