I found the Hyperliquid account where James Wynn was constantly counter-trading against himself. • Long BTC on one side • Short BTC on the other We always suspected it, now I have the proof 🧵

When something like this goes viral, I always get a single comment over and over: "He lost $90 million and now only has a $4 million profit?" 1. He didn’t lose $90 million. He had an unrealized profit of $90 million at one moment during the day. 2. While his main account showed a $90 million profit, he was losing money on other accounts (That’s how hedging works) 3. The size of the position wasn’t exactly the same, and I agree with that 4. If he placed this trade on one platform (HL), it’s very possible he did the same on others too, like Binance, where he often sent money. 5. He became well-known exactly because people saw that big $90 million number and read just the headline If we judge trades only by their highest unrealized value, then technically all of us have "lost" millions at some point Seeing people with supposedly strong backgrounds fall for this emotional marketing shows me just how effective it really is.