Crypto trader James Wynn, known as "moonpig" on Hyperliquid, opened a massive $1 billion short position on Bitcoin using 40x leverage, risking his entire $50 million wallet. This came just hours after closing a $1.2 billion long position with a $17.5 million loss. His short bet, opened at $107,077 BTC, is already $3 million in profit but faces liquidation at $110,446. Despite recent losses, Wynn’s total profit on the platform exceeds $40 million, as Hyperliquid’s open interest surges and its HYPE token nears an all-time high. Source: The Block
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