Wynn) suffered huge losses after having its positions liquidated worth approximately $25 million, Cointelegraph reported on the 5th (local time).
According to on-chain data analytics platform Lookonchain, James Wynn is responsible for the rise in Bitcoin prices.
He took a highly leveraged long position, but was forced to liquidate 240 bitcoins (worth about $25 million) during the recent selloff. He manually liquidated part of the position and
Wynn still holds 770 bitcoin (worth about $80.5 million), and the liquidation price for that position was $104,000.
He now has unrealized losses of about $1 million on a 40x leveraged long position, according to Hypurrscan.
After the liquidation, James Wynn, through X, claimed the markets were being rigged against him and asked for donations under the guise of exposing market manipulation.
Wynn has made a name for himself as a highly leveraged Bitcoin trader, frequently and publicly opening multimillion-dollar positions on HyperLiquid. On May 24, he was hit by a 40x
The SEC said it had initiated a $1.25 billion long Bitcoin position using leverage of 1.5% and had lost $29 million the previous day.
After that, he liquidated his long position and converted it into a short position of $110 million,
As of May 29, it was estimated that he had lost a total of $100 million in one week. Nevertheless, he set a goal of $1 billion in profits and recently took another $100 million leveraged long position.
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2025/06/05 17:45 KST
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