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) $ 117,882.00
Ethereum (ETH) $ 3,779.40
XRP (XRP) $ 3.12
Tether (USDT) $ 0.999951
BNB (BNB) $ 823.95
Solana (SOL) $ 183.03
USDC (USDC) $ 0.999804
Dogecoin (DOGE) $ 0.225837
Lido Staked Ether (STETH) $ 3,768.84
TRON (TRX) $ 0.320850
Cardano (ADA) $ 0.788788
Wrapped Bitcoin (WBTC) $ 117,906.00
Wrapped stETH (WSTETH) $ 4,560.98
Hyperliquid (HYPE) $ 43.50
Sui (SUI) $ 3.93
Stellar (XLM) $ 0.417272
Chainlink (LINK) $ 18.04
Wrapped Beacon ETH (WBETH) $ 4,063.67
Hedera (HBAR) $ 0.270836
Bitcoin Cash (BCH) $ 571.41
Avalanche (AVAX) $ 25.17
Wrapped eETH (WEETH) $ 4,042.68
WETH (WETH) $ 3,773.61
Litecoin (LTC) $ 108.94
LEO Token (LEO) $ 8.97
Toncoin (TON) $ 3.19
Shiba Inu (SHIB) $ 0.000013
Ethena USDe (USDE) $ 1.00
USDS (USDS) $ 0.999566
Binance Bridged USDT (BNB Smart Chain) (BSC-USD) $ 1.00
WhiteBIT Coin (WBT) $ 43.96
Coinbase Wrapped BTC (CBBTC) $ 117,830.00
Uniswap (UNI) $ 10.40
Polkadot (DOT) $ 3.95
Monero (XMR) $ 317.24
Bitget Token (BGB) $ 4.62
Pepe (PEPE) $ 0.000012
Cronos (CRO) $ 0.139003
Aave (AAVE) $ 287.04
Ethena Staked USDe (SUSDE) $ 1.19
Ethena (ENA) $ 0.629474
Bittensor (TAO) $ 402.79
Dai (DAI) $ 0.999860
Pi Network (PI) $ 0.440415
NEAR Protocol (NEAR) $ 2.73
Ethereum Classic (ETC) $ 21.82
Ondo (ONDO) $ 0.989948
Internet Computer (ICP) $ 5.51
OKB (OKB) $ 48.68
Jito Staked SOL (JITOSOL) $ 222.85