Bitcoin Whale Liquidation, Stablecoin Surge & US Policy: Market Trends Unveiled

Massive $100 Million Liquidation Hits Hyperliquid Trader After Bitcoin Bet Fails

A high-profile crypto trader, identified as James Wynn, suffered a dramatic liquidation of over $100 million on the decentralized derivatives platform Hyperliquid. According to Decrypt, Wynn had built a 40x leveraged long position on Bitcoin, initially depositing $3 million in stablecoins. The position, which at one point reached an average entry price of $108,000, was wiped out even though Bitcoin’s price remained within a narrow 2% trading range. The liquidation occurred as Bitcoin traded at $106,020, down 1.9% over the last 24 hours.

Wynn, known for his high-risk trading style and previous success with the Pepe memecoin, had his trades closely watched by the crypto community. The account associated with Wynn responded to the loss by posting a still from The Matrix, symbolizing resilience. Hyperliquid’s on-chain records show that Wynn’s wallet first interacted with the platform two months ago, and he has also been involved in promoting the Moonpig memecoin. Despite accusations of dumping Moonpig tokens, Wynn denied any wrongdoing, stating, “I haven’t sold a single cent of Moonpig.”

Asset	Price
BTC	$106,045.00
ETH	$2,632.36
XRP	$2.22
BNB	$672.10
SOL	$165.20

Key Takeaways:

James Wynn’s 40x leveraged Bitcoin position was liquidated for over $100 million.
The liquidation happened despite Bitcoin’s price moving within a narrow 2% range.
Wynn is known for high-risk trades and previously made significant profits with memecoins.

Source: Decrypt

Details of the Hyperliquid Whale Liquidation: Nearly $100 Million Lost as Bitcoin Dips

Further details from Cointelegraph reveal that James Wynn’s long positions on Hyperliquid were liquidated for a total of $99.3 million on May 30, as Bitcoin fell to a 10-day low below $105,000. The first position of 527.29 BTC, worth $55.3 million, was liquidated at $104,950, while a second position of 421.8 BTC, worth $43.9 million, was closed at $104,150. An additional position of 94 BTC, worth $10 million, was liquidated at $106,330 on May 29. In total, 949 BTC were liquidated.

Wynn had increased his 40x leverage long bet to $1.25 billion on May 24, but the market downturn, partly attributed to renewed tariff discussions from US President Donald Trump, led to the massive loss. Despite the setback, Wynn reportedly still holds a 40x leveraged long position in a perpetual contract, currently at an unrealized loss of $3.4 million. Wynn, who described himself as an “extreme degenerate” trader, first gained attention for his successful investment in the Pepe memecoin.

Position	BTC	Value	Liquidation Price
1	527.29	$55.3 million	$104,950
2	421.8	$43.9 million	$104,150
3	94	$10 million	$106,330

Summary:

Total of 949 BTC liquidated, amounting to nearly $100 million in losses.
Wynn’s leveraged bet reached $1.25 billion before the market downturn.
He continues to hold a 40x leveraged long position with an unrealized loss.

Source: Cointelegraph

Bitcoin’s Coinbase Premium Signals Strong US Demand Amid Price Pressure

According to Cointelegraph, the Coinbase Premium Index (CPI) for Bitcoin has maintained a positive streak for 20 consecutive days, the longest in 2025. This index measures the price difference between BTC on Coinbase and other exchanges, such as Binance, and a sustained premium indicates robust buying activity from US-based institutional and retail investors. On May 26, Coinbase saw a net outflow of 8,742 BTC, the third-largest outflow in the past month, suggesting strong institutional demand.

Market analysts note that falling BTC inflows from both short- and long-term holders have reduced downside risk. During previous downturns, inflows to Binance from these cohorts exceeded 12,000 and 14,000 BTC, but current inflows are limited to just 8,000 BTC. Technically, Bitcoin is trading within a descending triangle pattern, with a potential breakout targeting $118,000 in June. A bullish divergence between price and the relative strength index (RSI) further supports the case for a possible rally.

Date	BTC Net Outflow (Coinbase)
May 26	8,742 BTC

20-day Coinbase Premium streak signals strong US investor demand.
Reduced inflows from holders indicate less selling pressure.
Technical analysis points to a possible breakout to $118,000.

Source: Cointelegraph

Stablecoins Take Center Stage at Bitcoin’s Largest Conference

At Bitcoin’s largest conference, stablecoins emerged as a major topic of discussion, as reported by CNBC. The event highlighted the growing importance of stablecoins within the broader cryptocurrency ecosystem, reflecting their increasing adoption and relevance for both retail and institutional participants. The conference brought together industry leaders to discuss the future of digital assets, with stablecoins positioned as a key area of innovation and regulatory focus.

The prominence of stablecoins at the conference underscores their role in providing liquidity, facilitating trading, and serving as a bridge between traditional finance and the crypto world. The discussions also touched on the need for clear regulatory frameworks to support the continued growth and integration of stablecoins into mainstream financial systems.

Stablecoins were a central topic at Bitcoin’s largest conference.
Industry leaders emphasized the need for regulatory clarity and innovation.

Source: CNBC

Vice President Vance Reaffirms Crypto Support at Bitcoin 2025 Conference

Vice President Vance addressed the Bitcoin 2025 conference in Las Vegas, promising to eliminate aggressive regulation of the crypto industry and to promote a pro-growth legal framework for stablecoins, according to Axios. Vance stated, “Crypto is a hedge against bad policy making from Washington, no matter what party is in control.” He emphasized that the current administration prioritizes ending the “weaponization of federal regulations” against the crypto community, declaring, “Operation Chokepoint 2.0 is dead and it’s not coming back under the Trump administration.”

Vance outlined three main policy priorities: eliminating restrictive rules and red tape, passing stablecoin legislation to allow dollar-backed cryptocurrencies to be issued and traded with clear regulatory guardrails, and supporting a “market structure” bill to define how other digital assets should be regulated. He assured attendees that crypto and digital assets, especially Bitcoin, are now part of the mainstream economy and “here to stay.” Vance also encouraged the community to maintain political pressure, promising that the administration intends to provide “some tailwinds to one of the fastest growing industries.”