Traded Value
Total AssetsThe result of the opening price being only $1300 away from the liquidation price is that James Wynn had to stop loss at every downward spike.
Around 12:40, the BTC price spiked near his liquidation line (around $107,000), and he partially stopped loss to lower the liquidation line, losing another $2.95 million.
Now, after giving back all $87 million in profits, James Wynn has lost $3 million of his principal.
His current position: 40x leveraged long on 4,604 BTC, with a position value of $496 million. Opening price: $108,334, liquidation price: $106,314.
Brother James Wynn withdrew $2.78 million USDC from Binance half an hour ago and transferred it to Hyperliquid to top up his margin, then increased his BTC long position to $760 million.
This is the funds he obtained from selling PEPE. In the past day, he transferred 443.7 billion PEPE into Binance to sell, exchanging it for $6.11 million USDC to top up his margin.
In addition, early this morning, he was transferring small amounts of tens of thousands of U from other places to the trading address to top up his margin. It seems that the vast majority of his funds are now in Hyperliquid. He's going all-in.
His current position: 40x leveraged long position of 7,029 BTC, with a position value of $760 million. Entry price: $108,334, liquidation price: $107,039.
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