Hyperliquid whale losses near $100M after Bitcoin dips below $105K
Hyperliquid trader James Wynn has seen his 949 Bitcoin long positions liquidated after the cryptocurrency dipped below $105,000.
A Hyperliquid trader known as James Wynn has seen his Bitcoin long bets on the platform liquidated for almost $100 million after Bitcoin dipped below $105,000.
Wynn had made two significant long leveraged positions on Bitcoin
$106,039
, betting that the cryptocurrency’s price would rise, but onchain data shows those positions were liquidated to the tune of $99.3 million on May 30 as BTC fell to a 10-day low.
The first position of 527.29 BTC worth $55.3 million was liquidated as Bitcoin hit $104,950, and the second position of 421.8 BTC worth $43.9 million was closed after Bitcoin sank to $104,150, according to the Hyperliquid analytics platform Hypurrscan.
On May 29, another of Wynn’s positions of 94 BTC worth $10 million was liquidated at $106,330.
In total, the positions saw 949 BTC liquidated, and Arkham Intelligence and Lookonchain both noted that Wynn has lost almost $100 million over the past week.