- James Wynn earned $473.9K in 24 hours by shorting BTC and HYPE using high leverage on Hyperliquid.
- On July 17, Bitcoin traded between $117,506 and $119,244, showing low volume and no breakout.
- HYPE closed at $46.11 after failing to hold above $47, with visible intraday rejection on the daily chart.
James Wynn made $473,900 in one day by shorting BTC and HYPE on Hyperliquid, according to on-chain data published by Lookonchain.
The trades took place on July 17, after Wynn had reportedly switched from long positions following an earlier liquidation event. The successful pivot shows a nimble trading strategy that capitalized on a stalling market momentum.
James Wynn’s Winning Trade
According to Lookonchain, Wynn used 40× leverage on BTC and 10× leverage on his HYPE short on the derivatives platform Hyperliquid. The trades were executed and closed within a 24-hour window. This move came just two days after Wynn deposited $467,999 into Hyperliquid, which enabled the short positions.
Lookonchain tracked the activity through his wallet address, confirming the deposit, position changes, and final balance update. Specific entry and exit prices were not disclosed, but the profit was verified onchain.
Related: What Boosted BTC Growth in the Past 2 Weeks?
Wynn’s trading data was recorded without any additional comments or quotes from Hyperliquid or Lookonchain.
BTC Trades Below Local Highs With Low Volume
Wynn’s successful short was timed perfectly with a cool-down in the crypto market. On July 17, 2025, Bitcoin traded between $117,506 and $119,244. The price closed at $118,721, showing almost no change from the day before. The trading volume was low, with only 864 BTC traded on Bitstamp.
Bitcoin stayed above its 50-day EMA, which stood at $109,022. The price moved in a narrow range, just under the recent local peak near $120,000. No breakout or sharp drop occurred during the day.
Related: New Nasdaq-Listed Company, Hyperliquid Strategies, to Hold $583M in HYPE Tokens
This type of price action often shows that buyers hesitate near resistance. Low volume and a small daily candle suggest a pause in momentum after a long rally.
HYPE Rejects Above $47 After Intraday Spike
The HYPE token also showed signs of weakness. HYPE traded between $45.51 and $47.34 on July 17, 2025, and closed at $46.11, down 1.78% on the day. The token briefly pushed above $47 but failed to hold those levels into the close.
The daily trading volume was 467,630 HYPE tokens, slightly below its recent average. The price stayed above the 50-day EMA, which was $38.74, keeping the overall trend intact.
The long upper wick on the daily candle shows sellers stepped in near the high. This kind of movement often signals short-term rejection after an extended push upward.
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