James Wynn, the Hyperliquid Business, who at one time had a billion dollars nominal position has become an excessive victim of Bitcoin’s
Cool atmosphere.
Wynn’s current heavily geared BTC position, which he seems to fight to maintain, spiraling for a loss of almost $ 100 million over the past week.
Hyperdash data shows that Wynn’s margin use is approaching 100%, which would result in a total liquidation of his position, although Wynn recently made a deposit of $ 376,000 to strengthen his defense.
The trader known for making aggressive efforts under the pseudonym “Moonpig” currently has a long position of about 1,690 BTC, valued at approx. $ 178.78 million.
Data on the chain shows that Wynn’s 40X geared BTC betting now has an unrealized loss of approx. 3.5 million dollars, representing a negative return of 77%.
But with the BTC trading near $ 106,000, just over Wynn’s liquidation price of about $ 104,607, any additional decrease in the asset’s price could trigger automatic forced sale.
