James Wynn Doubles Down on BTC Leverage After Major Loss

Following a $100 million loss in a leveraged Bitcoin (BTC) position, James Wynn has returned with another 40X long position, aiming to recover his losses and potentially generate a significant return. This risky move is driven by Wynn’s ambition to reach a $1 billion earnings through leveraged trading on Hyperliquid, while also amplifying the platform’s own influence. Wynn’s actions have attracted attention from traders across the market, who are actively engaging in counter-trading and attempting to liquidate his position. ]