Bears going extinct this year.

#bitcoin

James Wynn, a well-known crypto whale, experienced a significant liquidation event when Bitcoin’s price surged past $117,000 on the Hyperliquid platform. Wynn had taken a highly leveraged short position at 40X, betting on a price decline. However, the unexpected upward momentum forced the liquidation of his position, resulting in a loss of 155.38 BTC, equivalent to approximately $16.14 million.