Bitcoin saw a mild bounce during early trading in Asia, rising 3% to briefly touch $110,256 before settling at $109,652, CryptoSlate data showed. This uptick followed a weekend pullback from recent record highs.Market analysts suggest that BTC’s price trajectory remains solid, backed by favorable regulatory developments and steady institutional participation.Valentin Fournier, Lead Analyst at Blockhead, told CryptoSlate:“The rebound shows the current market’s dependence on institutional and corporate flows. Without them, short-term rallies are at risk of losing momentum.”However, while the broader market shows signs of resilience, the rebound triggered significant liquidation activity.One high-stakes trader on decentralized platform Hyperliquid was forced to exit a $1 billion short position, illustrating the volatility-driven risks tied to extreme leverage.High-stakes Bitcoin bet on HyperliquidOver the weekend, crypto trader James Wynn became the center of attention after placing two consecutive billion-dollar bets on Bitcoin.On May 24, he opened a long position worth roughly $1.25 billion, using 40x leverage and expecting the price to surge to between $118,000 and $121,000.However, that bullish bet was short-lived. He closed the trade at a $13 million loss and pivoted to a bearish short position of equal size in less than 24 hours.But BTC’s price rebound also left that bearish trade underwater, costing him another $15.87 million in just 15 hours.Despite the back-to-back losses, Wynn remains profitable overall.Blockchain analysis platform Lookonchain reported that the trader withdrew $28 million USDC from Hyperliquid and ended the weekend with a net profit of $25.2 million.Over the past 75 days, he has completed 38 trades on the platform, winning 17 of them and contributing $2.31 million in trading fees to Hyperliquid.Meanwhile, Wynn is back in the game as of press time. Lookonchain reported that he has reopened a 40x long position worth $75.34 million (684 BTC), with a liquidation price of $103,120.He also entered a $20 million long on memecoin PEPE at 10x leverage. As of his latest update, the position shows an unrealized gain of about $434,867.Mentioned in this articleLatest Alpha Market Report
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Bitcoin (BTC) $ 108,920.00
Ethereum (ETH) $ 2,590.57
Tether (USDT) $ 0.999980
XRP (XRP) $ 2.29
BNB (BNB) $ 660.85
Solana (SOL) $ 152.21
USDC (USDC) $ 0.999906
TRON (TRX) $ 0.286645
Dogecoin (DOGE) $ 0.170839
Lido Staked Ether (STETH) $ 2,590.11
Cardano (ADA) $ 0.585582
Wrapped Bitcoin (WBTC) $ 109,029.00
Hyperliquid (HYPE) $ 38.21
Wrapped stETH (WSTETH) $ 3,133.54
Sui (SUI) $ 2.91
Bitcoin Cash (BCH) $ 502.59
Chainlink (LINK) $ 13.54
LEO Token (LEO) $ 9.06
Stellar (XLM) $ 0.253733
Avalanche (AVAX) $ 18.20
USDS (USDS) $ 0.999798
Shiba Inu (SHIB) $ 0.000012
Wrapped eETH (WEETH) $ 2,777.73
Toncoin (TON) $ 2.77
Hedera (HBAR) $ 0.160880
WETH (WETH) $ 2,592.46
Litecoin (LTC) $ 86.75
WhiteBIT Coin (WBT) $ 44.93
Binance Bridged USDT (BNB Smart Chain) (BSC-USD) $ 0.999779
Monero (XMR) $ 314.69
Coinbase Wrapped BTC (CBBTC) $ 109,013.00
Ethena USDe (USDE) $ 1.00
Polkadot (DOT) $ 3.41
Bitget Token (BGB) $ 4.31
Uniswap (UNI) $ 7.65
Aave (AAVE) $ 289.27
Pepe (PEPE) $ 0.000010
Dai (DAI) $ 0.999995
Pi Network (PI) $ 0.459996
Ethena Staked USDe (SUSDE) $ 1.18
Bittensor (TAO) $ 322.66
OKB (OKB) $ 48.28
Aptos (APT) $ 4.44
Cronos (CRO) $ 0.091898
BlackRock USD Institutional Digital Liquidity Fund (BUIDL) $ 1.00
Jito Staked SOL (JITOSOL) $ 184.95
NEAR Protocol (NEAR) $ 2.19
Internet Computer (ICP) $ 4.80
Ethereum Classic (ETC) $ 16.75
Ondo (ONDO) $ 0.793485