<ul><li>Cryptocurrency trader James Wynn, who bet over $1 billion on bitcoin, has been liquidated for more than $118 million due to bitcoin's dip below $105,000.</li><li>Wynn has been liquidated on four positions totaling 1,134 BTC and has an open position with 40x leverage on the DEX Hyperliquid with an unrealized loss of $4.7 million.</li><li>Wynn's leverage long Bitcoin position increased to $1.25 billion, but bitcoin's decline led to his liquidation in multiple positions as the asset's price dropped.</li><li>Wynn expressed his belief in buying and holding bitcoin in cold storage after his liquidation, stating that his experience exposed corruption in the crypto markets.</li></ul>

Crypto Whale Wynn Who Bet $1B on BTC Gets Liquidated for $118M Amid Price Dip

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