By: Bright, Foresight News

The current volatility of Bitcoin has reached an extremely low point, and it is inevitable that the market will appear "dry".

But there are always a group of contract leverage experts in the market who want to take advantage of opportunities and gamble on the possible future trend of Bitcoin. They are all trading masters who have made a lot of money in A8 and A9 in the big market, and their positions are often hundreds of millions of dollars. But recently, several giant whales on the chain that have been closely watched by the market and have stirred up the ups and downs of the market have "chosen to forge ahead when they should not work hard."

James Wynn: From 100 million to 10,000

At 11pm on July 2, according to Lookonchain monitoring, James Wynn's Bitcoin long orders opened on Hyperliquid have been liquidated four times in a row, and currently only $10,600 is left in his account. His miserable situation is a wake-up call for all contract traders.

James Wynn is a well-deserved traffic star in the first half of the year. He started operating on Hyperliquid in March 2025. In the early days, he liked to hold positions for a relatively long time (more than 3 days), and he accepted both mainstream and meme coins. He is good at making one-way profits in high volatility driven by big market trends. For example, on May 13, his Pepe long position had an open profit of more than $23 million. James Wynn himself said that the total value of his account exceeded $100 million at its peak.

However, at the end of May, James Wynn fell into "sage mode" after suffering huge losses. In the previous week, he withdrew more than $96 million in the callback of Bitcoin due to geopolitical factors and new high pressure, and the overall account loss was $14.03 million.

However, James Wynn was very individual at that time. He posted on X that "it's just $100 million, a drop in the ocean of money." "I didn't even think about closing the position."

On June 2, when James Wynn was facing liquidation again, he actually "begged" publicly to the entire network and waved the banner of fighting against the "market making group."

Although this deal was profitable in the end thanks to the help of kind-hearted people and the easing of market sentiment, a few days later, with the breakdown of the friendship between Trump and Musk, James Wynn lost everything overnight.

After that, James Wynn never deposited a large amount of money into Hyperliquid to reopen an order, but he still stubbornly shouted: "If Hyperliquid adjusts the leverage ratio back to 50 times, I will deposit 75 million US dollars to open a long position. Let's do it again, and I am ready this time." "If a black swan event occurs, I will invest all my funds to make a layout."

"Insider Brother": One misstep can lead to eternal regret

"Insider Brother" @qwatio also achieved great success in on-chain contract trading in the first half of the year. He is good at "extreme solitaire" and usually selects the highest leverage when opening a position. At the same time, the liquidation price is very close to the current market price, and he has a keen insight into the market.

His classic "battles" include: around the Fed's interest rate decision on March 20, 2025, he first shorted BTC at $84,566, and closed his position to make a profit after the price fell to $82,000, then went long at $82,200 and closed his position when the price rebounded to $85,000. His long and short operations also earned him the nickname "Insider Brother". Since then, he has accurately judged the bottom of Ethereum to buy spot and shorted the results of Sino-US trade negotiations, and his operations have also been fruitful. During this period, it even caused other big investors to form a "whale hunting team" to "sniper" him.

But in the second half of June, the short selling operation of "Insider Brother" suffered a defeat. On the evening of June 25, his short positions of $122 million in Bitcoin and $68.3 million in Ethereum were partially forced to close, resulting in a floating loss of $8.32 million. After being liquidated and forced to reduce positions several times during this period, he increased his short positions again in the afternoon of July 1 when BTC and ETH slightly pulled back, and in the evening he added another $50 million worth of short orders, bringing the overall short position to $250 million.

The market did not favor this wishful trader. At 11 p.m. on July 2, as Bitcoin rebounded, the "insider" was liquidated another $50 million. On-chain data showed that when BTC fell back to about $105,500 during the period, he was actually close to making back his investment, but he did not stop loss and close his position.

AguilaTrades: The poor guy whose account was bombed by Israel and Iran

AguilaTrades stated in the X profile that he is a senior swing trader who started trading in 2013 and originally traded contracts on Bybit. He successfully bet on the rising trend in the 2024 US election, earning a huge profit of 50 million US dollars and becoming famous overnight.

In January 2025, AguilaTrades posted a performance chart showing a profit of nearly $100 million in the past six months, which shows how sharp its operations are.

But even such an OG is powerless in the face of market fluctuations caused by geopolitics. On June 8, AguilaTrades withdrew 39.18 million USDC from Bybit and transferred it to Hyperliquid, using 40X leverage to go long on Bitcoin.

Initially, his long position made a profit of $5.6 million, but he did not cash in the profit. As Israel attacked Iran's nuclear facilities, he hastily closed his position and actually lost as much as $12.47 million.

On June 15 and 20, AguilaTrades returned to long positions again. The second time, the highest profit was $10 million, and the third time, the highest profit was $3.2 million, but the positions were not closed. After that, the price of Bitcoin fell below $100,000 due to the news of the US direct military strike on Iran and the vote to close the Strait of Hormuz. As a result, both transactions were forced to close, with a total loss of $20 million.

Sadly, when Bitcoin fell below $100,000, AguilaTrades retaliated by opening a short position, but when Bitcoin rebounded, it lost another $2.33 million, for a total loss of $35 million. It can be seen that even big guys who have made a profit of over $100 million are still unable to stay calm when facing losses, just like small leeks.