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 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. 

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

Wednesday, 1 April 2026

Duration

3 min

Ukraine Hints at Reduced Strikes on Russian Energy Amid Partner Pressure, Secures Middle East Support

Wednesday, 1 April 2026

Duration

5 min

Hormuz Strait Tensions Escalate: US Threatens 'Total Destruction' Amidst Regional Proxy Engagements

Wednesday, 1 April 2026

Duration

4 min

Nasdaq Accelerates New Listings into Key Indices Amidst Mega IPO Preparations

Latest news

Tuesday, 31 March 2026

Indices

Forex Market Today: Japanese Yen Recovers, USD/JPY Drops to 158.70 as Middle East Tensions Ease

Tuesday, 31 March 2026

Indices

Gold Price Today, April 1: XAU/USD Surges to $4,718 as Momentum Builds

Monday, 30 March 2026

Indices

Gold price today, March 31: Gold price (XAU/USD) climbs to $4,558 amid market rally

Monday, 30 March 2026

Indices

XRP news today: XRP price hovers at $1.32, Ripple reports record Q1 growth

Sunday, 29 March 2026

Indices

BTC News Today: Bitcoin Recovers to $67,400 After Sharp Dip Below $65,000

Sunday, 29 March 2026

Indices

Gold price today, March 30: Gold market is currently in a corrective phase, XAU/USD rises to $4,568.50

Tuesday, 24 March 2026

Indices

NVIDIA GTC 2026 Keynote Highlights: Jensen Huang Predicts $1 Trillion AI Demand Through 2027

Tuesday, 24 March 2026

Indices

Top performing cryptos today: Siren (SIREN), Bittensor (TAO), Stellar (XLM)

Tuesday, 24 March 2026

Indices

Gold price today, March 25: Gold Surges Over $4,580 as XAUUSD Jumps 2.5% Amid Softer Dollar Pressure

Tuesday, 24 March 2026

Indices

Forex expo Dubai 2026: What is the investment event in Dubai 2026?

See all news