James Wynn, a well-known trader on Hyperliquid, reopened a 40x leveraged short position five days after his positions were fully liquidated. The position covers 1.256 BTC, valued at about $96,000, and has a liquidation price of $78,227.92, according to blockchain-monitoring firm Lookonchain. The update was reported by PANews on Nov. 4. Leverage magnifies both potential gains and losses, while the liquidation price is the level at which the position is automatically closed.