In response to Arkham Intelligence, an enormous liquidation occasion passed off on Hyperliquid, a preferred derivatives buying and selling platform, a number of minutes in the past.
Fashionable dealer James Wynn has had all of his lengthy positions worn out after the worth of Bitcoin sank decrease earlier at this time.
The entire commerce worth of his positions stood at roughly $39.3 million. The final liquidation occasion passed off after the worth of the main cryptocurrency dipped to $103,266.
Earlier than his positions acquired liquidated, the dealer recorded an unrealized revenue and loss (PnL) of -$1.13 million.
The dealer has now exited all of his positions with a lifetime PnL of -$20.5 million.
