Crypto Market Rebound Blindsides Short Sellers: Liquidations Mount

Monday Nov 10 2025 12:10

Duration

2 min

  1. 1. Crypto Market Rebound Blindsides Short Sellers

  2. 1.1 High-Risk Bets Before the Surge

  3. 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 is provided for informational purposes only and does not constitute investment advice, investment research, or a recommendation to trade. The views expressed are those of the author and do not necessarily reflect the position of Markets.com. 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 may not be suitable for all investors. Leveraged products can result in capital loss. Past performance is not indicative of future results. Before trading, ensure you fully understand the risks involved and consider your investment objectives and level of experience. Cryptocurrency CFD trading restrictions may apply depending on jurisdiction.

Default Author Avatar

Written by:

Emma Rose

Asset List

View Full List
Most Traded Commodities Indices Crypto Shares Forex
Asset
Sell
Buy
Change (%)

Trade Now

Trade Now

Trade Now

Trade Now
Asset
Sell
Buy
Change (%)

Trade Now

Trade Now

Trade Now

Trade Now
Asset
Sell
Buy
Change (%)

Trade Now

Trade Now

Trade Now

Trade Now
Asset
Sell
Buy
Change (%)

Trade Now

Trade Now

Trade Now

Trade Now
Asset
Sell
Buy
Change (%)

Trade Now

Trade Now

Trade Now

Trade Now
Asset
Sell
Buy
Change (%)

Trade Now

Trade Now

Trade Now

Trade Now

Latest

View all

Sunday, 9 August 2026

Duration

6 min

US July PPI Preview: Inflation’s Second Test Could Shake Fed Rate Bets
Coherent stock

Sunday, 9 August 2026

Duration

6 min

Coherent Earnings Preview: AI Optics Boom Faces an August 12 Reality Check
CoreWeave stock

Sunday, 9 August 2026

Duration

6 min

CoreWeave Earnings Preview: Can AI Demand Outrun Its Massive Spending?

Latest news

gold

Sunday, 9 August 2026

Indices

Gold Price Today, August 10, 2026: Gold Holds Near $4,340 After Best Week Since January

dollar

Sunday, 9 August 2026

Indices

US Dollar Nears Two-Month Low as EUR/USD Hits Seven-Week High

Sunday, 9 August 2026

Indices

CPI Preview: July Inflation Could Decide Whether the Fed’s Hiking Cycle Is Over

Coherent stock

Sunday, 9 August 2026

Indices

Coherent Earnings Preview: AI Optics Boom Faces an August 12 Reality Check

oil price news today

Sunday, 9 August 2026

Indices

Oil Prices Rise 1% as Iran’s Hormuz Demands Delay Reopening

Sunday, 9 August 2026

Indices

US July PPI Preview: Inflation’s Second Test Could Shake Fed Rate Bets

crypto

Sunday, 9 August 2026

Indices

Bitcoin Holds Near $65,000 as Ethereum Rallies Nearly 8%

CoreWeave stock

Sunday, 9 August 2026

Indices

CoreWeave Earnings Preview: Can AI Demand Outrun Its Massive Spending?

gold

Thursday, 6 August 2026

Indices

Gold Price Today, August 7: XAU/USD Holds Near $4,250 Before US Jobs Report

usd-jpy

Thursday, 6 August 2026

Indices

USD/JPY Rises 0.4% to 158.40 as US Jobs Report Tests Yen Recovery

See all news