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Famous Name Paid Heavily in Bitcoin: Huge Position Got Liquidated! - Coin Bulletin
James Wynn was caught off guard by Bitcoin's sudden drop of (BTC) and partially liquidated his position worth 486 thousand dollars.
The sharp fluctuations in the crypto market have hit one of the famous names, James Wynn. The renowned trader Wynn lost a significant portion of his long position in Bitcoin (BTC) opened on the Hyperliquid platform. Wynn's position worth 4.59 BTC was subject to $486,000 liquidation due to the sudden drop in the markets. After the liquidation, Wynn's new liquidation price was set at $105,503.
Wynn had suffered similar large losses in the past and had been liquidated four times. It is reported that only $10,600 remains in the account balance after the last liquidations. The trading history on the Hyperliquid platform shows that Wynn was vulnerable to the movements in the crypto market with risky positions.
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James Wynn's ongoing significant losses and liquidations raise questions in the crypto community such as "Did he forget his position, or has he given up now?" The next move of Wynn is eagerly awaited.