James Wynn, a prominent crypto trader, faced full liquidation after placing high-leverage bets on Hyperliquid, resulting in a net loss exceeding $17 million. His downfall was triggered by a $1.25 billion long position on Bitcoin, which led to significant losses as prices fell amid market volatility. Despite the setback, Wynn remains optimistic about his trading future, stating he will continue to take calculated risks.

Bullish crypto bets suffered over $500 million in losses as Bitcoin's price fell to around $108,600 following U.S. President Trump's tariff threats on European imports and Apple products. The market's volatility led to significant liquidations across various cryptocurrencies, with Bitcoin futures alone accounting for roughly $181 million in losses. Traders are now cautious as renewed trade war fears cast uncertainty over the market's direction.