James Wynn, a high-profile trader on the decentralized derivatives exchange Hyperliquid, has seen his account plunge from a peak of $84.21 million in May 2025 to under $1,000, according to analytics platform HypurrScan. The reversal follows a series of liquidations as Bitcoin rebounded, with Wynn’s most recent shorts wiped out near $67,900 while the market pushed higher.
Account Plunges From $84M Peak to Under $1,000
HypurrScan data indicates Wynn’s Hyperliquid account, which surged to $84.21 million a year ago, now stands at approximately $914.21. The dashboard also shows Wynn’s all-time PnL on the platform at around -$22 million. The trader rose to prominence after rapidly compounding gains on Hyperliquid over a period of just a few months, primarily through aggressive, high-leverage positions.
High-Leverage Strategy and Record-Sized BTC Long
Wynn’s performance was fueled by outsized bets, including a headline-grabbing Bitcoin long that reportedly reached $1.25 billion in notional size at up to 40x leverage—among the largest BTC positions seen on the DEX at the time. That position was ultimately liquidated, and subsequent trades left the account with cumulative losses that HypurrScan data suggests have approached $100 million across positions.
The episode underscores the risks inherent to leveraged derivatives trading, where price swings can rapidly amplify both gains and losses.
Shift to Bearish Bets and Spate of Liquidations
After his profit peak, Wynn’s market stance shifted notably. Late last year, he turned largely bearish on Bitcoin and forecast a prolonged downtrend, later suggesting in February that BTC could fall toward $48,000. More recently, on-chain analytics account Lookonchain reported that Wynn shorted Bitcoin just below $67,000 and was liquidated as the price moved to around $67,900. Lookonchain added that Wynn has been liquidated six times over the past two weeks.
Despite repeatedly shorting within the $67,000 range, Bitcoin held support near $66,000 and rebounded above the $70,000 level. HypurrScan shows Wynn has not opened new positions since the latest rebound.
Market Context
At the time of writing, Bitcoin is trading around $72,000 over the past 24 hours, according to CoinMarketCap. The market’s resilience near key support has challenged bearish positioning in recent sessions, contributing to liquidations among short sellers.