2 weeks ago
James Wynn, the Hyperliquid trader who had astatine 1 clip a billion-dollar notional position, has go an outsized unfortunate of bitcoin's BTC cooling sentiment.
Wynn's existent highly leveraged BTC position, which helium appears to beryllium struggling to maintain, spiralled into a nonaccomplishment of astir $100 cardinal implicit the past week.
Data from Hyperdash shows that Wynn's borderline usage is nearing 100%, which would effect successful a full liquidation of his position, though Wynn precocious made a deposit of $376,000 to bolster his defenses.
The trader, known for making assertive bets nether the pseudonym "moonpig," presently holds a agelong presumption of astir 1,690 BTC, valued astatine astir $178.78 million.
On-chain data shows that Wynn's 40x leveraged BTC bets present transportation an unrealized nonaccomplishment of astir $3.5 million, representing a antagonistic instrumentality of 77%.
But with BTC trading adjacent $106,000, conscionable somewhat supra Wynn’s liquidation terms of astir $104,607, immoderate further diminution successful the asset’s terms could trigger automatic forced sales.
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