James Wynn has lost nearly 100 million dollars in a week, with 40x leverage long order on BTC close to liquidation.

Gate News bot news, well-known trader James Wynn once held a nominal Position worth 1 billion USD on Hyperliquid, but has now become one of the biggest victims of the cooling Bitcoin market.

Wynn currently holds a high-leverage BTC Position that seems difficult to maintain, with his losses nearing 100 million dollars in the past week. Hyperdash data shows that Wynn’s margin usage rate is approaching 100%, which will lead to his Position being fully liquidated, although Wynn recently deposited 376,000 dollars to strengthen his defense.

The trader, widely known by the alias “moonpig,” is making aggressive bets and currently holds a long position of about 1,690 BTC, valued at approximately $178.78 million.

On-chain data shows that Wynn’s 40x leveraged BTC long Position currently has an unrealized loss of about 3.5 million USD, with a yield of -77%.

However, with the BTC price approaching $106,000, slightly above Wynn’s liquidation price of approximately $104,607, any further decline could trigger liquidation.

Source: CoinDesk

BTC-4.17%
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