High-Leverage Trader James Wynn Doubles Down on Short Bets Amidst Bitcoin Rebound

Despite the recent optimism in the cryptocurrency market following the potential end of the US government shutdown, some short sellers were caught off guard by the unexpected rebound. Popular high-leverage trader James Wynn saw his main Hyperliquid account liquidated multiple times over the past 24 hours, resulting in a significant drop in his wallet’s value. Blockchain data platform Lookonchain reports Wynn experienced 45 liquidations within the last two months alone. Before the market recovery, Wynn had been running various leveraged short positions on Bitcoin (BTC), betting on its price decline.