After losing $100 million on leveraged Hyperliquid trades earlier this year, James Wynn returned to social media to brag about shorting bitcoin (BTC).

Immediately, BTC then rallied to an all-time high and liquidated him.

Soon after his return to X, he confidently opened a 40X bearish leveraged position worth about $1.5 million at the time, with a liquidation price of $108,630 per BTC.

In the hours before Hyperliquid’s market-makers liquidated him, observers called his bet a “bold hedge” and a “massive risk.”

He paid no mind. His X posts implied that he genuinely thought BTC’s price would plummet quickly enough to make his dangerous short position worth it.

Unfortunately, BTC rallied against Wynn, surpassing $116,000 on Thursday. His initially confident “I smell a black swan” quickly devolved into another plea for help, “Got $100 to spare.”

During his quick demise, he managed to promote a few obscure memecoins and posted various controversial political messages.

His X profile now describes him simply as “broke.”

...read more at protos.com