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A crypto dealer on the platform Hyperliquid named James Wynn has opened a virtually $1 billion brief wager in opposition to Bitcoin with 40x leverage, whereas Michael Saylor hints at one other Technique BTC purchase.
In accordance with a Might 25 X publish by on-chain analytics platform Lookonchain, Wynn “opened a $BTC brief place of 1,038.7 $BTC($111.8M) at $107,711.1 an hour in the past, with a liquidation worth of $149,100.”
With this current commerce, Wynn has put virtually his total pockets, which holds practically $50 million, on the road.
Wynn Closes His Large Bitcoin Lengthy Place At A Loss
The transfer by Wynn comes simply hours after the dealer closed a large lengthy wager.
With that lengthy wager, Wynn opened a $1.25 billion place with 40x leverage as nicely. He even predicted that Bitcoin would soar to $110K on Might 24 Saturday.
I believe $BTC shoots to $110k in the present day
— James Wynn 🐳 (@JamesWynnReal) Might 24, 2025
Nevertheless, Bitcoin’s worth solely rose from round $107,300 to about $108,000 on Saturday. This prompted Wynn to chop his losses on the place, which, in accordance to Lookonchain, stood at roughly $13.4 million.
Saylor Teases One other Technique Bitcoin Purchase
Whereas Wynn bets in opposition to Bitcoin, Technique co-founder Saylor has teased yet one more Bitcoin buy by his agency even after the main crypto pulled again from the all-time excessive (ATH) of $111,907.17 it set on Might 22.
I solely purchase bitcoin with cash I am unable to afford to lose. pic.twitter.com/h7pnFB8yvU
— Michael Saylor (@saylor) Might 25, 2025
“I solely purchase Bitcoin with cash I can’t afford to lose,” Saylor wrote to his 4.3 million X followers in a Might 25 publish. He additionally included a snapshot of the SaylorTracker chart within the publish.
Over the previous few weeks, Saylor’s posts that included the SaylorTracker chart have been adopted by an announcement of a brand new Technique Bitcoin buy. If the agency does announce one other purchase in the present day, it received’t solely enhance its present holdings of 576,230 BTC, it’s going to additionally mark the corporate’s seventh consecutive week of Bitcoin purchases.
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