Crypto leverage trader James Wynn loses $25M on Bitcoin bet

Hyperliquid leverage trader James Wynn has claimed the market is being manipulated against him after he was liquidated for 240 Bitcoin, worth $25 million.

The millionaire leveraged crypto trader James Wynn has been liquidated of nearly $25 million in Bitcoin after betting with leverage that the cryptocurrency’s price would rise.

Wynn was liquidated for 240 Bitcoin (BTC) and had “manually closed part of his position to lower the liquidation price,” onchain analytics platform Lookonchain posted to X on June 4.

Lookonchain added that Wynn still held 770 Bitcoin worth around $80.5 million at a liquidation price of $104,035.

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