The bet of the century? In the world of trading, there are bets that challenge understanding and that make the most experienced traders tremble even. This is exactly what has just happened on the hyperliquid platform, where a daring trader, known by the pseudonym James Wynn, opened a position long On a colossal value of a colossal value of $ 1.1 billion, with a lever effect of 40x. Yes, you read that right: $ 1.1 billion.
- A daring trader opened a long position on the $ 1.1 billion bitcoin with a 40x lever on hyperliquid.
- James Wynn maintained his position despite temporary losses, finally making a profit of $ 36 million.
James Wynn: The trader that challenges gravity
James Wynnwho describes himself as a high -risk trader And a maxi maxi, caused a sensation by opening this gigantic position on the bitcoin. According to data de Morgerscan, he used a margin of $ 28.4 million to increase his position, which is now worth $ 1.13 billion. The average entry price for its bitcoin was 108,065 dollars.
Which is even more impressiveis that James Wynn maintained his position despite temporary losses. At one point, his position was losing $ 16.3 million before Bitcoin bounces over $ 110,000. Currently, its position is for the benefit of $ 36 million.
Hyperliquid: the playfish playground
The platform Hyperliquidwhich hosts this record position, is a decentralized exchange (DEX) which allows the lever effect trading. She has become the favorite playground for daring traders like this one, who seek to maximize their profits by taking enormous risks.
Hyperliquid Also offers other financial services, such as cash and loan/borrowing of cryptocurrencies. But it is especially for its leverage trading that the platform is known.
Although leverage trading can be extremely profitablehe is also very risk. An unfavorable price movement can lead to the liquidation of the position, which means that the trader loses all his investment. In the case of James Wynn, if the bitcoin fell below 103,790 dollars, its position would be liquidated.
This story reminds us that in the world of cryptocurrency, some fortunes are made and unmade in the blink of an eye. And that sometimes you have to have nerves of steel to hold on to the volatility of the market. James Wynn may be a « Absolute crazy » As some have qualified, but for the moment, he is above all a winning trader who will have been able to surf the ath of the night.