This weekend we ve seen a crazy saga go down with James Wynn

Originally James took a 3 million dollar btc long position on hyper liquid which took his his account all the way to 87 million as btc went up

At which time he decided to open multiple other positions and proceeded to “lose” what would have been tens in millions in unrealized gains

Still netting him 25 mil in profits in a matter of days!

What can we learn from this?

-Well there’s no other place in the world that offers an opportunity to take 3 million to 80 million in a matter of days then crypto

- even whales with millions of dollars are directionally wrong sometimes and take losses

-leverage, while it can produce big gains, can produce just as big losses

-volume (both spot and perp) will continue to be more and more on chain as time goes on. Hyperliquid being a big catalyst for this

-Unless you’re very precise with charts and have a large risk appetite, it’s best to go very low leverage or non at all

Dramatic events like this usually