James Wynn Opens New 40x Bitcoin Short Following Three Straight Liquidations

Cryptocurrency trader James Wynn has initiated a new 40x leveraged short position of 0.24 Bitcoin on Hyperliquid, risking liquidation if the price reaches $81,375. The trade follows three consecutive liquidations in a single day at price levels of $78,244, $79,361, and $80,677, which cost him approximately $1,940. Wynn had previously opened a 40x short on 1.256 BTC valued at $96,000 on November 4. His persistent bearish bets contrast with broader institutional demand, as US spot Bitcoin ETFs drew $74.57 million in net inflows on November 4.