The crypto market has been shaken once again by a spectacular move from the infamous Hyperliquid whale, James Wynn. As the price of Bitcoin briefly surged above $107,000, Wynn doubled down on his 40x leveraged Bitcoin long position—now worth a staggering $508 million. With the liquidation level dangerously close, the market is watching every move.
James Wynn doubles down on risky Bitcoin long position
On Sunday evening, Bitcoin soared to $107,115 before retreating back below the $103,000 mark. Instead of securing profits, trader James Wynn—well known on the Hyperliquid platform—chose to increase his exposure. By Monday morning, his long position had grown to an estimated $508 million, with an entry point of $103,381. The liquidation threshold sits at just $97,994 per BTC.
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Wynn has become a controversial figure on social media platform X, where he portrays himself as a fearless trader. “I’ve burned the boats. Fiat? Gone. All-in. No plan B,” he wrote in one of his latest posts. At current levels, his position remains underwater—yet Wynn appears unfazed.
His enormous Bitcoin long position has become a psychological reference point for many speculators. Some analysts warn that a drop below the liquidation price could trigger a cascade of margin calls. But Wynn remains defiant. “Bleed all bears out. This is Bitcoin,” he declared.
Is a major breakout coming?
Wynn believes the current correction is just the calm before the storm. He predicts a violent breakout that will send the price of Bitcoin soaring. “It will be explosive. It will be historic. Shorts will be annihilated, and paper hands will crumble to dust,” he wrote.
His message is clearly aimed at both seasoned investors and jittery traders who tend to sell at the first sign of volatility. According to Wynn, the world is on the brink of a paradigm shift in how institutions and governments interact with Bitcoin. “Global FOMO is within reach,” he warned.
Of course, his strategy is not without extreme risk. With 40x leverage, even minor price movements can wipe out the entire position. Still, Wynn appears unmoved by the threat of liquidation, remaining focused on a possible bullish reversal.
The market response has been divided. Some analysts call Wynn’s move reckless and fear a domino effect if Bitcoin dips further. Others interpret his action as a bold bullish signal that could trigger renewed upward momentum.
What’s certain is that Wynn’s Bitcoin long position is drawing global attention. His aggressive trading style and public statements are fueling both speculation and volatility, highlighting the outsized role individual actors can play in the crypto landscape.
Whether this high-stakes gamble ends in massive gains or a public collapse will become clear in the coming days. One thing is certain: the crypto world is watching—closely.
