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Notorious high-leverage trader James Wynn has been liquidated again as Bitcoin surged higher, marking his sixth forced wipeout in roughly two weeks.
According to a post on X cited by Lookonchain, on-chain Hyperliquid wallet data confirms Wynn’s most recent forced position closure at around $68,000. Lookonchain and Hypurrscan-linked research indicate this was the sixth liquidation over approximately two weeks.
Each attempt to fade the move higher ended in a full liquidation rather than a controlled stop. Research tracking Wynn’s Hyperliquid wallet counts shows at least 194 historical liquidations prior to this streak, underscoring a long-running record of large drawdowns.
At his peak in 2025, Wynn’s public Hyperliquid account reportedly held more than $80 million in profit, attributed to oversized perpetual bets on Bitcoin and memecoins. He was also an early supporter of $PEPE, which later reached a multi-billion valuation.
The turning point came with a widely cited 40x Bitcoin long that reportedly expanded to roughly $1.2–$1.25 notional size, with a liquidation level only a few thousand dollars below spot.
Rather than stepping back, Wynn reportedly continued the same approach. In late May and early June, his activity led to at least nine liquidations on a single wallet, with cumulative losses approaching $22 million. By the end of 2025, his frequent liquidations had become a recurring case study in how hyper-leverage can rapidly overwhelm even large accounts.
As Bitcoin continued to grind higher, short positioning was described as crowded, with new shorts reportedly opened into strength. With 40x leverage, a move of about 2.5% against the position was described as sufficient to wipe out margin completely, turning routine rallies and short-covering spikes into liquidation triggers.
The latest reporting places Bitcoin near the highs around $69,000 on the daily chart.

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