James Wynn opens 40x leveraged BTC long worth $49.5K

Hyperliquid trader James Wynn has opened a 40x leveraged Bitcoin long position worth $49,500, according to Lookonchain. The liquidation price is $79,536.29. Wynn also opened a small long position in CASHCAT. Wynn was liquidated on a 1.86 BTC position shortly after flipping a Bitcoin short to a long yesterday.