Crypto Whale’s $1 Billion Bitcoin Bet Liquidated in Massive Loss

James Wynn, a prominent cryptocurrency trader known for his high-risk strategies, has suffered significant losses after seeing his $1 billion Bitcoin (BTC) bet liquidated. The liquidation occurred following a price dip below $105,000 on Friday, resulting in a loss of over $118 million according to data from Arkham Intelligence. Wynn’s positions were liquidated across four trades totaling 1,134 BTC. He currently has an open position with 40x leverage on the decentralized exchange (DEX) Hyperliquid, which is currently at an unrealized loss of $4.7 million.