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Crypto Trader Loses $100 Million in Leveraged Bitcoin Position on Hyperliquid

  • Crypto trader James Wynn faced a $100 million liquidation on Hyperliquid due to a failed 40x leveraged Bitcoin position.
  • Despite Bitcoin's price remaining within a 2% range, Wynn suffered the liquidation, attracting attention for his trading activities.
  • Another trader, known as 0x2258, made $17 million by counter-trading Wynn's positions, showcasing the risks of publicizing large trading activities.
  • The overall Bitcoin long liquidations exceeded $200 million in 24 hours, reflecting the increased market volatility amid price fluctuations.

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