James Wynn has been liquidated for 155.38 BTC, worth $16.14 million, after a steep Bitcoin price drop. The event occurred on the Hyperliquid perpetual trading platform, where Wynn had opened a high-leverage long position. The liquidation followed a previous near-miss where Wynn narrowly avoided losing his position by just $40 after depositing $74,000 in USDC to reduce his risk.

Bitcoin Price Drop Triggers $16.14M Liquidation

On-chain data from Lookonchain confirmed the liquidation of James Wynn’s Bitcoin long position. The trader had added $74,000 to his account to adjust the liquidation price to $103,859. Minutes later, the price on Hyperliquid fell to $103,899, staying just $40 above the threshold. Wynn avoided liquidation temporarily as Bitcoin briefly rebounded.

Unfortunately, James Wynn(@JamesWynnReal) was still liquidated for 155.38 $BTC($16.14M).https://t.co/890mWFF1q8 pic.twitter.com/J7HFdIvVs4

— Lookonchain (@lookonchain) June 5, 2025

However, this recovery was short-lived. Within an hour, renewed selling pressure drove the price below $103,859, resulting in a full liquidation of Wynn’s 155.38 BTC position. Market data from CoinMarketCap showed Bitcoin had dipped to an intraday low of $103,740. After the liquidation, the price moved back above $104,000, driven by broader market sentiment.

Wynn’s Trading History and Ongoing Losses

James Wynn has built a reputation for taking high-risk positions on perpetual trading platforms. According to previous reports, he has recorded losses exceeding $99 million across multiple trades. This latest loss adds to his history of unsuccessful trades and market exposure.

After escaping liquidation by a $40 margin, Wynn took to social media, stating, “Saved by a few dollars and by a few people who see what’s going on.” However, the relief was temporary as the market moved quickly against his position.

Following the liquidation, Wynn stated, “I closed my position. Defeat accepted,” confirming his exit. On-chain data confirms that Wynn has not opened any new large positions since the loss.

I closed my position.

Defeated accepted.

MM’s 1-0 Wynn

— James Wynn (@JamesWynnReal) June 5, 2025

Allegations of Market Manipulation After the Loss

Wynn accused institutional players of manipulating prices to trigger his liquidation. He stated, “They decided to use their power and manipulation to take one guy out.” While such claims are difficult to verify, Wynn maintained that Bitcoin’s fundamentals still suggest bullish potential.

I tried to defeat them, I failed.

I went up against the BTC cabal.

Nobody ever tried before me.

Not at this level.

God bless.

🙏

— James Wynn (@JamesWynnReal) June 5, 2025

He also alleged that technical indicators supported a breakout. However, market volatility and rapid price shifts made these setups unreliable in the short term. Experts suggest that extreme leverage can expose traders to sharp losses during minor price fluctuations.

Community Reaction and Continued Involvement

There is disagreement among crypto users regarding Wynn’s actions in the market. Some people supported the cause and donated money after the disaster occurred. Others expressed their concern after he kept risky trading, even though he claimed he would not anymore.

Despite what happened, Wynn is now placing the main emphasis on marketing the Moonpig memecoin. Because he believes it can rise in value, he urges investors to look at it. At the same time, analysts advise against risky investments and urge people to focus on protecting their funds, mainly when using leverage.

Such an event highlights the additional dangers people face by constantly trading in crypto markets. Traders should remain cautious and try not to make decisions based on their feelings in bad economic times.