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James Wynnthe crypto merchant is just lost nearly $ 25 million after his high leiser Bitcoin
Btc
105.095,17 USD
The store is liquidated.
He bet the price of Bitcoin would climb, but instead, the market turned against it.
According to blockchain data Published Lookoconchain 4. June,, 240 BTC wiped out of its positionAlthough he has already reduced something to reduce the risk of liquidation.
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Wynn still holds about 770 BTC, worth around $ 80.5 million. However, if Bitcoin falls to $ 104,035, these funds could be liquidated. Meanwhile, Data from Hypurrscan shows that Wynn is currently faced with approximately one million dollars of unrealized loss in that positionwhich carries 40 times influence.
After the liquidation, Wynn specified in the post on x To manipulate the market against it.
On May 24, just one day after losing $ 29 million, he opened a long store worth $ 1.25 billion with 40 times. He closed that position the next day and opened a short of $ 110 million instead.
May 29 reported that Wynn had lost $ 100 million during the week.
Wynn first attracted attention to making large, high risk crafts on Hyperliquid, a platform that shows the public open positions of users.
Meanwhile, June 3, analyst Willy Woo reported that some of the largest Bitcoin owners had sold their property. How much did the BTC sold? Read the whole story.
After a master’s degree in economics, politics and culture of the East Asia region, Aaron wrote scientific papers by analyzing the differences between Western and collective forms of capitalism in the Era after World War II.
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