James Wynn used his $1,430 rebate income to short 0.85 BTC with 40x leverage.

CoinFeed reported on June 3rd that, according to on-chain analyst Yu Jin, after BTC fell by 6%, well-known rolling trader James Wynn used his $1430 rebate income to short 0.85 BTC ($57,000) with 40x leverage. The opening price was $67,466, and the liquidation price was $68,232. Since losing $100 million on Hyperliquid last June (including $87 million in profit and $21.77 million in principal), he has primarily used rebate income for small trades, but all have ended in liquidation.