TLDR
- James Wynn lost $16.14 million after his Bitcoin long position was liquidated on the Hyperliquid exchange.
- He narrowly avoided liquidation earlier by depositing $74,000 in USDC, raising his liquidation price by a small margin.
- Bitcoin briefly rebounded above his liquidation threshold before dropping again and wiping out his position.
- Wynn reentered the market despite earlier promises to stop perpetual trading following multiple significant losses.
- After the loss, Wynn blamed alleged market manipulation and began promoting the memecoin Moonpig for recovery.
James Wynn lost $16.14 million after Bitcoin dropped below his liquidation level on the Hyperliquid exchange. His long position was wiped out after a brief recovery, despite surviving a near-liquidation just minutes earlier. This marks another setback in Wynn’s ongoing series of high-risk trades.
Earlier, Wynn deposited $74,000 in USDC to push his liquidation level to $103,859, avoiding a wipeout by only $40. The move came after BTC’s sharp price drop threatened to trigger his stop-out on the platform. Though Bitcoin momentarily recovered, the price later dropped below the threshold, ending his position.
On-chain data from Lookonchain confirmed Wynn’s liquidation followed Bitcoin’s dip to $103,740 on Hyperliquid. Though the broader market rebounded soon after, Wynn’s losses were already locked in. Market volatility during the session triggered sharp price movements, affecting traders across perpetual platforms.
Unfortunately, James Wynn(@JamesWynnReal) was still liquidated for 155.38 $BTC($16.14M).https://t.co/890mWFF1q8 pic.twitter.com/J7HFdIvVs4
— Lookonchain (@lookonchain) June 5, 2025
Bitcoin Long Position on Hyperliquid Wiped Out
James Wynn reopened a Bitcoin long on Hyperliquid despite previously announcing plans to exit perpetual trading. He reentered the market days after promising to step back following multiple high-profile losses. This latest attempt ended with a liquidation after renewed selling pressure pushed BTC below his adjusted limit.
The loss occurred despite early efforts to defend the position through added collateral. Wynn had briefly avoided liquidation when Bitcoin rebounded above $104,000, offering short-term relief. However, the brief recovery failed to hold as renewed pressure drove prices down once again.
The platform briefly tested $103,899 before the decisive drop sealed Wynn’s loss. After the liquidation, Bitcoin rose again as global optimism increased around US-China trade talks. Despite this, Wynn’s position had already been liquidated during the low point.
James Wynn Blames Market Forces, Turns to Moonpig
James Wynn claimed that coordinated actions by large entities aimed to force a liquidation of his position. He stated that price manipulation overrode fundamentals, despite technical indicators suggesting an upcoming breakout. Wynn has not provided evidence to support the manipulation claim.
I closed my position.
Defeated accepted.
MM’s 1-0 Wynn
— James Wynn (@JamesWynnReal) June 5, 2025
While some users supported Wynn with donations, others criticized his repeated entry into high-risk trades. Wynn had previously recorded over $99 million in losses on Hyperliquid before quitting temporarily. This recent event added to a pattern of aggressive but unsuccessful trading strategies.
Wynn is now promoting the memecoin Moonpig, urging the public to support it amid his efforts to recover losses. He expressed belief in its potential and encouraged further attention toward the asset.
