Whale James Wynn Adjusts Bitcoin Long Position on Hyperliquid: Insights into $998M BTC Trade

On May 22, COINOTAG News reported significant developments in the crypto trading landscape, particularly involving whale trader James Wynn. Data from ai_9684xtpa indicates that Wynn has strategically begun to unwind his 40x leveraged Bitcoin long position on the decentralized exchange Hyperliquid. The size of his holdings has now fallen to below $1 billion, with a current position of 8,983.14 BTC, valued at approximately $998 million.

Wynn’s entry price was noted at $108,065.5, while his liquidation price stands at $102,630. His current unrealized profit and loss (PnL) is reported at $27.53 million, highlighting the volatility and risks associated with leveraged trading in the cryptocurrency market. In the past week alone, Wynn has demonstrated remarkable trading acumen, amassing profits of $41.17 million on Hyperliquid.