{"id":29402,"date":"2025-05-30T09:16:50","date_gmt":"2025-05-30T09:16:50","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=29402"},"modified":"2025-05-30T09:16:50","modified_gmt":"2025-05-30T09:16:50","slug":"crypto-whale-wynn-who-bet-1b-on-btc-gets-liquidated-for-118m-amid-price-dip","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=29402","title":{"rendered":"Crypto Whale Wynn Who Bet $1B on BTC Gets Liquidated for $118M Amid Price Dip"},"content":{"rendered":"
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The pseudonymous cryptocurrency trader, James Wynn, who bet more than $1 billion on bitcoin (BTC) about a week ago, is currently suffering losses after being wrecked for more than $118 million. This liquidation was triggered by bitcoin\u2019s dip below $105,000 early Friday.<\/p>\n

According to data<\/a> from Arkham Intelligence, Wynn has been liquidated on four positions so far, totaling 1,134 BTC (over $118.8 million). He still has an open position with 40x leverage on the decentralized exchange (DEX) Hyperliquid, which is sitting on an unrealized loss of $4.7 million at the time of writing.<\/p>\n

$1B Bitcoin Bet Backfires<\/h2>\n

CryptoPotato<\/em> reported<\/a> last week that Wynn built his 40x leverage long Bitcoin position from $390 million to $1.1 billion within seven days. Well-known as a high-risk leverage trader and meme coin maxi, the whale continued to increase his bets as bitcoin\u2019s price kept rising.<\/p>\n

As BTC hit an all-time high (ATH) of $111,970 on May 22, the bet increased to $1.14 billion with an unrealized profit of over $39 million. By May 24, Wynn had pumped the bet to $1.25 billion, even as BTC had slipped from its ATH and was consolidating around $108,000 to $109,000.<\/p>\n

Although analysts\u2019 predictions and on-chain data suggested<\/a> that BTC had more room for growth in the short term, macroeconomic changes triggered<\/a> a reversal in the asset\u2019s trajectory.<\/p>\n

Buying and Holding is Better: Wynn<\/h2>\n

While Wynn took profits from his big BTC bet, he believed the asset could hit the $115,000 to $118,000 target this week. Unfortunately, the opposite is true. Bitcoin is down 2.5% in the past 24 hours and was trading around $105,093 at writing time.<\/p>\n

Due to bitcoin\u2019s decline over the last few hours, Wynn has been liquidated in four positions holding 91 BTC ($9.7 million), 527 BTC ($55.3 million), 421 BTC ($43.9 million), and 95 BTC ($10 million). Data from the Hyperliquid analytics platform, Hypurrscan, shows<\/a> that the liquidations were triggered when BTC hit $106,330, $104,950, $104,150, and $104,620, respectively.<\/p>\n

Addressing his liquidation on X, Wynn tweeted<\/a> that his bets have exposed the corruption in the crypto market. He insisted it is better to buy and hold BTC in cold storage rather than follow his investment strategy.<\/p>\n

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One thing for sure is that I have exposed just how corrupt these markets are.<\/p>\n

Guess it\u2019s better to just buy and hold $BTC<\/a> on spot \/ cold storage it.<\/p>\n

\u2014 James Wynn (@JamesWynnReal) May 30, 2025<\/a><\/p>\n<\/blockquote>\n