Bitcoin (BTC) Bull James Wynn on the Brink of Complete Liquidation as Losses Approach $100 Million

James Wynn, a trader with Hyperliquid who previously managed a notional position of a billion dollars, is facing significant losses due to the recent downturn in cryptocurrency market sentiment.

Wynn’s current over-leveraged BTC holdings have resulted in nearly $100 million in losses in just the past week, creating an increasingly precarious situation for his financial standing.

According to data from Hyperdash, Wynn’s margin utilization has reached nearly 100%, putting him at risk of total liquidation unless he strengthens his position; in a recent attempt to do so, he deposited $376,000 to help mitigate potential losses.

Under the alias “moonpig,” he is currently holding a long position of approximately 1,690 BTC, which is valued at around $178.78 million.

On-chain metrics indicate that Wynn’s leveraged BTC investments, now at 40x, are seeing an unrealized loss of about $3.5 million, showcasing a staggering 77% drop in value.

As Bitcoin hovers near $106,000, just above Wynn’s liquidation threshold of about $104,607, a further price drop could trigger mandatory sell-offs of his assets.