James Wynn’s Impressive $473,900 Profit in One Day

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 reportedly switched from long positions following an earlier liquidation event. This successful pivot shows a nimble trading strategy that capitalized on stalling market momentum.

Winning Trade Details

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 followed a deposit of $467,999 into Hyperliquid, enabling the short positions.

Lookonchain tracked Wynn’s 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 on-chain.

Related: What Boosted BTC Growth in the Past 2 Weeks?

Wynn’s trading data was recorded without additional comments or quotes from Hyperliquid or Lookonchain.

James Wynn Profit Flip on BTC and HYPE. Source: Lookonchain on X (@lookonchain)

BTC Stays Below Local Highs with Low Volume

Wynn’s successful short coincided with a cooling 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 Daily Price Range – July 17, 2025. Source: TradingView

Bitcoin remained above its 50-day EMA of $109,022 and 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 kind of price action is often indicative of buyer hesitation near resistance. Low volume and a small daily candle suggest a pause in momentum after a long rally.

HYPE Shows Signs of Weakness

The HYPE token also exhibited weakness. It traded between $45.51 and $47.34 on July 17, 2025, closing at $46.11, down 1.78% for the day. The token briefly exceeded $47 but could not maintain those levels by the market close.

HYPE Daily Price Range – July 17, 2025. Source: TradingView

The daily trading volume was 467,630 HYPE tokens, slightly below its recent average. The price stayed above its 50-day EMA of $38.74, keeping the overall trend intact. The long upper wick on the daily candle indicates seller intervention near the high, which often signals a short-term rejection after a sustained move upward.

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