James Wynn Faces Total Liquidation with Nearly $100 Million in Losses
James Wynn, a trader on Hyperliquid, has incurred nearly $100 million in losses due to declining sentiment in BTC. His highly leveraged position is at risk of liquidation as margin usage approaches 100%.
- Wynn made a recent deposit of $376,000 to support his position.
- He holds a long position of about 1,690 BTC, valued at approximately $178.78 million.
- Current unrealized loss on his 40x leveraged bets stands at around $3.5 million, equating to a 77% negative return.
- With BTC trading near $106,000, it is only slightly above his liquidation price of approximately $104,607.