Hi, user_no_name

Trade now

Deposit

Logout
Login Sign Up
EN

Language

English English (Global)

English English (EU)

English English (UK)

English English (AU)

English English (ZA)

English English (St. Vincent)

Deutsch German

Español Spanish (Latam)

Español Spanish (Spain)

Français French

Dansk Danish

Italiano Italian

Nederlands Dutch

العربية Arabic

Svenka Swedish

Tiếng việt Vietnamese

Bahasa Melayu Malay

ภาษาไทย Thai

繁體中文 Traditional Chinese

简体中文 Simplified Chinese

Tagalog Tagalog

தமிழ் Tamil

हिन्दी Hindi

Português Portuguese

Bahasa Indonesia Indonesian

한국어 Korean

English English (BVI)
Markets

Products

Forex

Shares

Commodities

Indices

Crypto

ETFs

Bonds
Trading

Trading Platforms

Web Platform

App

MT4

MT5

Trading Central

Trading Tools

CFD Trading Calculator

Forex Margin Calculator

Commodities Profit Calculator

Forex Profit Calculator

Economic Calendar

Quotes

Forex Heatmap

Trading Info

CFD Trading

CFD Asset List

Trading Conditions

Trading Hours

Expiration Dates

Upcoming Trading Holidays

Weekly Expiration Rollover

Trading Features

Depth of Market
Learn

Learn to Trade

Glossary

Education Centre

Trading Basics

Video library

News & Analysis

news

Academy

Trader's clinic

Webinars

US Nonfarm Payrolls
Promo

Reward Hub

marketsClub

Welcome Bonus

Loyal Bonus

Referral Bonus

Swap-free Accounts
Partnership

Affiliation

IB
About

About Markets.com

Why markets.com

Global Offering

Our Group

Careers

Awards and Media

Help Support

FAQ

Help Centre

Contact Support

Complaints

Data & Security

Safety Online

Cookie Disclosure

Legal Pack

Legal Documents

Language

Crypto Market Rebound Blindsides Short Sellers: Liquidations Mount

Monday Nov 10 2025 12:10

2 min

Table of Contents

1. Crypto Market Rebound Blindsides Short Sellers
1.1 High-Risk Bets Before the Surge
1.2 Insights from Smart Money Traders

Crypto Market Rebound Blindsides Short Sellers

While most cryptocurrency investors celebrated the market's resurgence following the resolution of a potential US government shutdown, some short sellers were caught completely off guard by the upward momentum. The recent crypto market recovery triggered a cascade of liquidations, notably impacting high-leverage trader James Wynn. Data from Hyperdash reveals that Wynn's main Hyperliquid account was liquidated multiple times in a single day, plummeting his wallet's value to a mere $5,422. Lookonchain, a blockchain data platform, reports that this unexpected surge led to Wynn being liquidated a staggering 12 times within 12 hours, contributing to a total of 45 liquidations over the past two months.

High-Risk Bets Before the Surge

Prior to the market's dramatic turnaround, Wynn was heavily invested in leveraged Bitcoin (BTC) short positions, essentially betting against the cryptocurrency's price. This strategy backfired spectacularly as the market defied expectations. Despite these significant losses, Wynn doubled down on his short positions, transferring all his stablecoin holdings into these bets. He anticipated Bitcoin falling below $92,000, even amidst growing optimism surrounding the averted US government shutdown.

A Trader's Gamble: All-In on Short Positions

"In the past few hours, I have deployed all stables (30%) + and thrown it all on top of my short positions. No joke. As all-in as I can get," Wynn declared in a Monday post on X, formerly known as Twitter. "I'm either going to make hundreds of millions from my leverage short positions or I will go bust," he added, acknowledging the immense risk he was undertaking. At the time of this report, Wynn's primary account held a 40x leveraged short position in Bitcoin valued at $275,000. This position would face liquidation if Bitcoin's price surpassed $6,856. Hyperdash data indicates that Wynn initiated the short position when Bitcoin was trading below $101,800. As of 11:20 am UTC on Monday, he was facing an unrealized loss of $11,147.

Insights from Smart Money Traders

Interestingly, leading traders in the industry, often referred to as "smart money" traders and tracked on Nansen's blockchain intelligence platform, are also anticipating potential downside for Bitcoin. The majority of these smart money traders are currently holding short positions on Bitcoin. According to Nansen, the net perpetual short position on Hyperliquid reached $223 million on Monday, with $5.2 million in new short positions being opened in the last 24 hours.

Risk Warning: this article represents only the author’s views and is for reference only. It does not constitute investment advice or financial guidance, nor does it represent the stance of the Markets.com platform.When considering shares, indices, forex (foreign exchange) and commodities for trading and price predictions, remember that trading CFDs involves a significant degree of risk and could result in capital loss.Past performance is not indicative of any future results. This information is provided for informative purposes only and should not be construed to be investment advice. Trading cryptocurrency CFDs and spread bets is restricted for all UK retail clients. 

Written by:

Emma Rose

Crypto Market Rebound Blindsides Short Sellers: Liquidations Mount

Crypto Market Rebound Blindsides Short Sellers

High-Risk Bets Before the Surge

A Trader's Gamble: All-In on Short Positions

Insights from Smart Money Traders

Latest news

Cookies

Strictly Necessary

Functionality Cookies

Targeting Cookies