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Crypto trader James Wynn lost $100 million in a 40x leveraged Bitcoin position on Hyperliquid despite minimal price movement, while a counter-trader earned $17 million.
US-China trade talks have stalled and Trump's tariffs were reinstated, triggering crypto market corrections with altcoins dropping 3-8% while Bitcoin retreats from $111K.
Cardano trades in a tight range near long-term lows while on-chain data shows accumulation, suggesting potential strength despite bearish price action.
Bitcoin consolidates around $106,000 after reaching new all-time high, with analysts expecting renewed upward momentum fueled by institutional ETF investments despite sluggish altcoin market.