✔ James Wynn, a prominent Hyperliquid trader, has gone all-in on Bitcoin with a $1.25 billion leveraged long position (40x)
✔ He previously exited a $PEPE trade with $25.2M profit before shifting to BTC
✔ Trump’s 50% EU tariff announcement triggered a market crash, causing Wynn $29M in losses
✔ Despite the setback, Wynn remains $57M profitable lifetime and $46M up in the past month
Wynn’s High-Stakes Bitcoin Bet: A Timeline
May 21: Opening the $830M Bitcoin Position
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Wynn initiated a 40x leveraged long on Bitcoin at an average entry of $68,000
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Trimmed $400M in profits the same day
May 22: Doubling Down to $1.1B
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Expanded position as BTC surged past $70,000
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Gained $39M in unrealized profits before selling 540 BTC for $60M (locking in $1.5M profit)
May 24: Pushing to $1.25B Long
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Closed $PEPE trade for $25.2M profit
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Exited losing ETH & SUI positions ($5.3M loss)
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Increased BTC bet to 11,588 BTC ($1.25B) with a liquidation price of $65,180
Trump’s Tariff Shock Triggers $29M Loss
On May 23, former President Donald Trump announced a 50% tariff on all EU imports, sparking a market-wide sell-off:
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Bitcoin dropped below $67,000
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Ether fell to $2,504
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Memecoins saw even sharper declines
Wynn’s high-leverage position took a $29M hit, but he remains:
✅ $57M+ in lifetime profits
✅ $46M up in the past 30 days
Why This Trade Matters
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One of the largest leveraged Bitcoin bets ever
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Shows how macro events (like tariffs) can crush crypto markets
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Highlights the risks of extreme leverage in volatile markets
What’s Next for Wynn’s Bitcoin Gamble?
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If BTC rebounds, he could recover losses quickly
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A drop below $65,180 would trigger full liquidation
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Traders are watching for more macro volatility
