Famous trader James Wynn has gone through a new series of setbacks: in the last 12 hours, his positions were liquidated 12 times. Over the past two months, the number of liquidations reached 45, leading to almost a complete loss of his capital.
This is reported by Finway
Reasons for Losses and Trader’s Actions
According to analysts, James Wynn finally had one profitable position during this period; however, instead of securing the profit, the trader decided to increase his trading volume. This decision turned out to be fatal — the position was liquidated, and only about $6010 remained in the account.
“In two months, he lost nearly all his funds after 45 liquidations”.
Significant Losses Among Other Traders
No less striking is the story of another trader highlighted by analyst EmberCN. Three days ago, this trader transferred 7 million USDC to the Hyperliquid exchange to open a large short position on Bitcoin. Despite using several stop-losses, he incurred losses of over $6.44 million. At its peak, the size of his position was 2222 BTC (equivalent to over $226 million), and now there remains an open position of 300 BTC ($31.87 million) with a leverage of 40x. The current level of losses is estimated at $1.35 million, and the liquidation level is set at $106,765.
Overall, the situation in the futures market remains tense — recently, traders lost tens of millions of dollars in futures trading, further emphasizing the high risks of this segment of the cryptocurrency market.