This guy just lost $10 million on his 40x levered position when $BTC dropped to $104k

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Crypto Influencer Loses $100M In Bitcoin Liquidation. The entry price was $108,335 — with the liquidation margin at $106,327.

“James Wynn, a well-known high-stakes trader, just took a massive hit, $100 million gone in a single liquidation on the decentralized exchange Hyperliquid. The loss was flagged by Arkham Intelligence and is already being called one of the biggest single-trader wipeouts we’ve seen lately.

Wynn’s gamble was well documented on his personal X profile. This morning, the trader posted about entering a position of 4,604 BTC, under 40x leverage. The entry price was when Bitcoin traded at $108,335 — with the liquidation margin at $106,327. ”