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Breaking News: Hyperliquid ETFs Send HYPE Closer To All-Time Highs—Here’s What The Data Shows
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Breaking News: Hyperliquid ETFs Send HYPE Closer To All-Time Highs—Here’s What The Data Shows

A Bitcoin Cautionary Tale: How This Popular Trader Went From $100 Million To Less Than $1,000

Scott Matherson
Scott Matherson
Last Updated: April 10, 2026 4:00 pm
3 mins read
Bitcoin

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Attention has again been drawn to the popular trader James Wynn, who went from a high of almost $100 million in profits to less than $1000 in his Hyperliquid account at the moment. The trader continues to trade Bitcoin and was recently liquidated as the market recovered. 

Popular Bitcoin Trader Who Went From Almost $100 Million To Below $1,000

HypurrScan data shows that popular Bitcoin trader James Wynn’s account has gone from a peak of $84.21 million in May 2025 to $914.21 at the moment. The trader gained prominence for reaching a $84 million peak in just over two months after he began trading on the decentralized exchange (DEX) Hyperliquid. 

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The trader stacked these profits through high-leveraged bets, including betting on Bitcoin. A major highlight of the trader’s journey was building a $1.25 billion BTC position by going long with 40x leverage on the leading crypto. This was one of the largest Bitcoin positions at the time, which drew more attention to the trader. 

HyperLiquid
Source: Chart from HypurrScan

That position was eventually liquidated, and since then, the Bitcoin trader has lost up to $100 million on his positions. Further data from HypurrScan data show that he currently has a loss of $22 million all-time PnL (Profit and Loss) on Hyperliquid. Wynn was notably a bull as his trading profits on Hyperliquid climbed to a peak of $84 million. 

However, since the crash in his trading profits, the trader’s sentiment toward Bitcoin has continued to flip. Towards the end of last year, he became largely bearish on BTC, rightly predicting that the leading crypto would suffer a long-term downtrend. Bitcoin has been in a downtrend since reaching an all-time high (ATH) of $126,000. Earlier this year, in February, Wynn predicted that BTC would still drop to as low as $48,000 in this bear market. 

More Liquidations Amid Bearish Sentiment

On-chain analytics platform Lookonchain revealed that James Wynn was recently liquidated on his Bitcoin position as the crypto market recovered amid the U.S.-Iran ceasefire. The trader had shorted Bitcoin just below $67,000 and got liquidated as the price hit $67,900. Lookonchain noted that the trader has been liquidated six times in just the past two weeks. 

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Crypto Trader Predicts Bitcoin Price Will Hit $100,000 Again When This Happens

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Wynn had mainly been shorting Bitcoin while the leading crypto traded in the $67,000 range. However, the leading crypto has yet to make a new low, holding the $66,000 support, and has instead rebounded above the psychological $70,000 level since the U.S.-Iran ceasefire agreement. HypurrScan data show that the trader has not opened a new position since the ceasefire agreement. 

At the time of writing, the Bitcoin price is trading at around $72,000, up in the last 24 hours, according to data from CoinMarketCap.

Bitcoin
BTC trading at $71,664 on the 1D chart | Source: DOGEUSDT on Tradingview.com
Featured image from Getty Images, chart from Tradingview.com
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Scott Matherson
Scott Matherson

Scott Matherson

Scott Matherson is a prominent crypto writer at NewsBTC with a knack for capturing the pulse of the market, covering pivotal shifts, technological advancements, and regulatory changes with precision. Having witnessed the evolving landscape of the crypto world firsthand, Scott is able to dissect complex crypto topics and present them in an accessible and engaging manner. Scott's dedication to clarity and accuracy has made him an indispensable asset, helping to demystify the complex world of cryptocurrency for countless readers.

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Scott’s experience spans a number of industries outside of crypto including banking and investment. He has brought his vast experience from these industries into crypto, which allows him to understand even the most complex topics and break them down in a way that is easy for readers from all works of life to understand. Scott’s pieces have helped to break down cryptocurrency processes and how they work, as well as the underlying groundbreaking technology that makes them so important to everyday life.

With years of experience in the crypto market, Scott began to focus on his true passion: writing. During this time, Scott has been able to author countless influential pieces that have drawn in millions of readers and have shaped public opinion across various important topics. His repertoire spans hundreds of articles on various sectors in the crypto industry, including decentralized finance (DeFi), decentralized exchanges (DEXes), Staking, Liquid Staking, emerging technologies, and non-fungible tokens (NFTs), among others.

Scott’s influence is not just limited to the countless discussions that his publications have sparked but also as a consultant for major projects in the space. He has consulted on issues ranging from crypto regulations to new technology deployment. Scott’s expertise also spans community building and contributes to a number of causes to further the development of the crypto industry.

Scott is an advocate for sustainable practices within the crypto industry and has championed discussions around green blockchain solutions. His ability to keep in line with market trends has made his work a favorite among crypto investors.
In his personal life, Scott is an avid traveler and his exposure to the world and various way of life has helped him to understand how important technologies like the blockchain and cryptocurrencies are. This has been key in his understanding of its global impact, as well as his ability to connect socio-economic developments to technological trends around the globe like no one else.

Scott is known for his work in community education to help people understand crypto technology and how its existence impacts their lives. He is a well-respected figure in his community, known for his work in helping to enlighten and inspire the next generation as they channel their energies into pressing issues. His work is a testament to his dedication and commitment to education and innovation, as well as the promotion of ethical practices in the rapidly developing world of cryptocurrencies.

Scott stands steady in the frontlines of the crypto revolution and is committed to helping to shape a future that promotes the development of technology in an ethical manner that translates to the benefit of all in the society.

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Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

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