Key Takeaways
✔ 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
Wynn initiated a 40x leveraged long on Bitcoin at an average entry of $68,000
Trimmed $400M in profits the same day
May 22: Doubling Down to $1.1B
Expanded position as BTC surged past $70,000
Gained $39M in unrealized profits before selling 540 BTC for $60M (locking in $1.5M profit)
May 24: Pushing to $1.25B Long
Closed $PEPE trade for $25.2M profit
Exited losing ETH & SUI positions ($5.3M loss)
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:
Bitcoin dropped below $67,000
Ether fell to $2,504
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
One of the largest leveraged Bitcoin bets ever
Shows how macro events (like tariffs) can crush crypto markets
Highlights the risks of extreme leverage in volatile markets
What’s Next for Wynn’s Bitcoin Gamble?
If BTC rebounds, he could recover losses quickly
A drop below $65,180 would trigger full liquidation
Traders are watching for more macro volatility
