Bitcoin Crash Triggers $39M Liquidation for Hyperliquid Trader James Wynn 📉
A major liquidation event struck Hyperliquid, a prominent crypto derivatives platform, as Bitcoin's steep price decline prompted the forced closure of substantial long positions. Renowned trader James Wynn experienced the liquidation of all his leveraged positions as Bitcoin's price hit $103,266. His open trades, valued at approximately $39.3 million, were wiped out.
This recent liquidation marks Wynn's third consecutive loss, underscoring growing volatility in the crypto market. Previously, Wynn faced an unrealized loss of $1.13 million.