Crypto Carnage: Hyperliquid Trader Gets Wiped Out for $39M in Bitcoin Bloodbath
Another 'master of the universe' learns the hard way that leverage cuts both ways. When Bitcoin's price floor dropped out this week, one overconfident Hyperliquid trader—James Wynn—got liquidated to the tune of $39 million. Poof. Gone.
Welcome to crypto's casino, where the house always wins... eventually. Even the slickest algos get caught when markets move against them. Wynn's wipeout serves as a brutal reminder: no amount of trading volume makes you immune to volatility.
Meanwhile, Wall Street suits will keep pretending they 'understand the asset class' while quietly shorting it through backdoor ETFs. Some things never change.