What would you do if you lost $100 million in a single trade? Well, if you answered “I’d probably go for another $ 100 million bet a couple of days after”, then you’re probably cryptocurrency influencer James Wynn.
Last week, we reported how Wynn lost the whopping sum of $100,000,000 in a 40x leveraged Bitcoin long position. At the time, the investor entered the trade when Bitcoin was trading at $108K, with a liquidation set at $106,327.
Despite the huge investment amount, a high leverage of the position meant that even a small price movement against Wynn’s trade could result in a complete liquidation, wiping out the entire amount. And that’s exactly what happened—Bitcoin dipped just enough to trigger the margin call, forcing Wynn out of his position and locking in the massive loss.
But instead of taking some time off, meditating, taking longer showers… or anything you’d do to try and recover from such a massive loss — Wynn decided to jump right back at it, reportedly entering another high-stakes leverage trade just days later.
Today, the investor posted about another massive trade on his X profile. Wynn entered yet another 40x leveraged Bitcoin long position on the crypto exchange Hyperliquid, aiming to recover the massive losses suffered last week.
Needless to say, this is extremely reckless behavior that shouldn’t be imitated by new traders. If you want a full guide on crypto investment risk management, check out this article right here.
According to the HyperLiquid tracker Hypurrscan, Wynn entered the position when $BTC was trading at $105,890. His position will be completely liquidated if Bitcoin touches below $103,640 — an extremely risky bet given BTC traded in that zone only three days ago.
Currently, the position’s unrealized PnL (Profit and Loss) shows a loss of $555,997.23 USD. This means that at the current value of $105,325 per Bitcoin — Wynn’s position has an unrealized loss of over half a million dollars.
If the price moves back in favor, the PnL could improve, but if it drops further, he risks liquidation at $103,640, which would wipe out the entire trade, again.
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