Bitcoin Bull James Wynn Close to Total Liquidation as Losses Near $100M

2025-05-30 16:02:42 Primitive Reading

What to know:

James Wynn, a trader known for his billion-dollar bitcoin positions, is facing significant losses due to bitcoin's declining sentiment.
With bitcoin trading near Wynn's liquidation price, any further price drop could lead to forced sales of his holdings.

James Wynn, the Hyperliquid trader who had at one time a billion-dollar notional position, has become an outsized victim of bitcoin's cooling sentiment.

Wynn's current highly leveraged BTC position, which he appears to be struggling to maintain, spiralled into a loss of nearly $100 million over the last week.

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Data from Hyperdash shows that Wynn's margin usage is nearing 100%, which would result in a total liquidation of his position, though Wynn recently made a deposit of $376,000 to bolster his defenses.

The trader, known for making aggressive bets under the pseudonym "moonpig," currently holds a long position of approximately 1,690 BTC, valued at roughly $178.78 million.

On-chain data shows that Wynn's 40x leveraged BTC bets now carry an unrealized loss of approximately $3.5 million, representing a negative return of 77%.

But with BTC trading near $106,000, just slightly above Wynn’s liquidation price of around $104,607, any further decline in the asset’s price could trigger automatic forced sales.

Disclaimer: This specification is preliminary and is subject to change at any time without notice. Amazon Finance assumes no responsibility for any errors contained herein.