James Wynn lost nearly $100M on a high-leverage long position on Bitcoin as it dipped to the $105k range
His series of unsuccessful high-leverage positions led to liquidation when Bitcoin showed minimal volatility
Wynn's losses were reported by Lookonchain and Hyperliquid blockchain explorer, confirming the closure of three trading positions
Despite cautioning against high-risk trades, Wynn's popularity rose in the crypto community following the $99M losses, while another whale profited $17M in contradicting trades