In accordance with Arkham Intelligence, a large liquidation occasion came about on Hyperliquid, a well-liked derivatives buying and selling platform, a number of minutes in the past.
Common dealer James Wynn has had all of his lengthy positions worn out after the value of Bitcoin sank decrease earlier in the present day.
The overall commerce worth of his positions stood at roughly $39.3 million. The final liquidation occasion came about after the value 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.
