Summary
- According to Onchain Lens, trader James Wynn’s Bitcoin short position was fully liquidated.
- Wynn said Bitcoin positions of about 2.94 BTC and 0.73 BTC were liquidated around $70,559 and $70,425, respectively, resulting in losses of about $260,000.
- The short position was built in stages across the roughly $68,700–$69,960 range and appears to have been fully closed out as the market surged and rebounded.
Forecast Trend Report by Period
A Bitcoin (BTC) short position held by trader James Wynn, known for leveraged trading, has been fully liquidated.
According to Onchain Lens, an on-chain analytics account, on the 23rd, trader James Wynn (James Wynn) saw the entirety of a Bitcoin short position he had built over the past two days liquidated.
Onchain Lens said, "Amid a sharp market surge, the short position was completely liquidated."
On-chain data show that a position of about 2.94 BTC was liquidated around $70,559, resulting in a loss of roughly $208,106. A further position of 0.73 BTC was also liquidated around $70,425, adding an estimated loss of about $51,927.
Meanwhile, the position appears to have been entered into short in stages across the roughly $68,700–$69,960 range. In other words, as the market rebounded on the day, positions totaling about $260,000 were unwound.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
