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
tesla earnings q2 2026

Wednesday, 22 July 2026

Duration

11 min

Tesla 2026 Q2 Earnings: Revenue Surges 26% as AI Investments Weigh on Profits and Cash Flow
google earnings 2026 q2

Wednesday, 22 July 2026

Duration

11 min

Google 2026 Q2 Earnings: Cloud Revenue Soars 82% as AI Investments Drive Growth Despite Rising Capital Spending
Oil Price Forecast 2026

Wednesday, 22 July 2026

Duration

4 min

Crude Oil Price Forecast for Next Week: Will WTI and Brent Extend Their Rally?

Latest news

gold

Wednesday, 22 July 2026

Indices

Gold Price Today, July 23: Gold Holds Above $4,100 as Oil Rally Limits Gains

tesla earnings q2 2026

Wednesday, 22 July 2026

Indices

Tesla 2026 Q2 Earnings: Revenue Surges 26% as AI Investments Weigh on Profits and Cash Flow

google earnings 2026 q2

Wednesday, 22 July 2026

Indices

Google 2026 Q2 Earnings: Cloud Revenue Soars 82% as AI Investments Drive Growth Despite Rising Capital Spending

Fed Rate Decision

Wednesday, 22 July 2026

Indices

Fed Rate Decision Preview: Will the Fed Raise Rates at the July 29, 2026 Meeting?

us-iran-oil

Wednesday, 22 July 2026

Indices

Crude Oil Prices Rise 2% to Six-Week High as US-Iran Tensions Escalate

kospi

Wednesday, 22 July 2026

Indices

KOSPI Jumps More Than 3% as Alphabet’s $200 Billion AI Plan Lifts Chip Stocks

Oil Price Forecast 2026

Wednesday, 22 July 2026

Indices

Crude Oil Price Forecast for Next Week: Will WTI and Brent Extend Their Rally?

bitcoin price forecast

Wednesday, 22 July 2026

Indices

Bitcoin Price Forecast: BTC Slips as Rising Oil Prices Renew Inflation Concerns

palantir-stock

Wednesday, 22 July 2026

Indices

Why Is Palantir Stock Falling? PLTR Slides 6.1% on NHS Scrutiny and Competition Concerns

stock

Tuesday, 21 July 2026

Indices

Stock Market Today: Nasdaq Rises 1.29% as Micron Leads Chip Rally

See all news