Pseudonymous cryptocurrency trader James Wynn, known for their high-risk leveraged bets, has been liquidated shorting Bitcoin (CRYPTO: BTC) once again, on-chain tracking firm Lookonchain reported on Sunday.
Bitcoin Moves Against Wynn’s Bet…Again
Lookonchain, citing data from Hyperliquid perpetual exchange, stated that Wynn opened several short positions at entry prices between $66,975 and $67,264.
Then Bitcoin surged to $69,500 late Sunday, triggering unrealized losses that eroded margins and led to automatic liquidations. The latest liquidation was executed at $67,955.
This was Wynn’s sixth liquidation over the past two weeks. No open positions remained active.
From a high of more than $84 million, the trader’s account balance had fallen to $914 at the time of writing. Additionally, these bets resulted …Full story available on Benzinga.com
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