Hold onto your hats, folks! According to Arkham Intelligence (sounds official, right?), a whale-sized liquidation just happened on Hyperliquid, a place where even the biggest traders go to lose their shirts. 😬
Enter James Wynn, a popular trader (or was he?) whose long positions were vaporized faster than a souffle in a hurricane when Bitcoin decided to take a nosedive. 📉
In case you’re wondering, James was holding onto a jaw-dropping $39.3 million worth of positions, like a kid clutching a giant lollipop… right before the floor dropped out. The final straw came when Bitcoin’s price plummeted to $103,266. Ouch, that’s gotta sting. 🐋💥
Before his dreams turned into nightmares, James was enjoying an unrealized profit and loss (or PnL, for you finance buffs) of -$1.13 million. It’s like running a marathon and tripping over your own shoelaces. 😩
Now, James has packed his bags and exited all his positions, leaving behind a lifetime PnL of -$20.5 million. That’s not just a loss, it’s a full-blown “I’m going to live in a cardboard box” moment. 🏚️
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2025-06-05 20:33