According to Lookonchain, James Wynn (@JamesWynnReal) immediately used a $481.42 referral reward to open a 40x leveraged short position on Bitcoin (BTC), resulting in a further $113.55 loss today (source: Lookonchain, June 8, 2025). This trade highlights the risks associated with high-leverage crypto trading, especially during volatile periods, and may signal caution for traders considering similar strategies. Real-time data from hypurrscan.io confirms the transaction, emphasizing the importance of risk management in leveraged BTC short positions for day traders and scalpers.

According to Crypto Rover, a major Bitcoin whale using 40x leverage has been fully liquidated, leaving a remaining balance of just $16.28 (source: Crypto Rover on Twitter, May 31, 2025). This high-profile liquidation highlights increased risk for overleveraged traders and may trigger heightened volatility in the Bitcoin and broader crypto markets. The incident draws attention to the dangers of excessive leverage and could lead to short-term selling pressure, especially as other traders reassess their risk exposure in response to this significant event.

According to @EmberCN, multiple whale traders have initiated high-leverage positions on Hyperliquid as Bitcoin faces a crucial decision period during recent market volatility. Notably, @JamesWynnReal opened a 40x leveraged long position for 3,788.7 BTC, valued at $391 million, with an entry price of $103,083 and a liquidation price at $96,474. This aggressive move reflects strong bullish sentiment and significantly increases liquidation risk if Bitcoin price retraces. These large leveraged bets could amplify short-term volatility and impact overall crypto market sentiment if liquidations are triggered (Source: @EmberCN via Twitter, May 18, 2025).