From Yahoo Finance: 2025-06-02 10:03:00

Derivatives trader James Wynn gained $100 million in profits from bitcoin positions on HyperLiquid before liquidating his account, resulting in a $17.5 million loss. Many traders, like Alex Wice and pseudonymous figures from past years, have faced similar losses due to highly-leveraged trading. Crypto derivatives can be beneficial, but risky when inexperienced traders use high leverage. Data shows most day traders struggle to make consistent profits. Wynn’s downfall was attributed to emotional trading, large positions, and over-leverage. His trade thesis on Bitcoin Las Vegas event failed, leading to significant losses. Another trader made $17 million by counter-trading Wynn. Wynn plans to trade meme coins after his derivatives misfortune.



Read more at Yahoo Finance: How James Wynn’s $100M Implosion Is Familiar Leverage Tale