Summary
- Hyperliquid's whale investor James Won reportedly liquidated Bitcoin long positions worth $1.25 billion.
- James Won stated that he incurred a loss of approximately $13.4 million from the liquidation.
- Bitcoin is currently trading at $107,396, down 0.24% from 24 hours ago on the Binance USDT market.
James Won, known as a whale on the decentralized futures exchange (DEX) Hyperliquid (HYPE), has reportedly liquidated all his long (buy) positions.
On the 25th (local time), Lookonchain announced on X (formerly Twitter) that "an hour ago, James Won liquidated all Bitcoin (BTC) long positions worth $1.25 billion," adding that "he incurred a loss of approximately $13.4 million."
Previously, he also liquidated long positions on Pepe (PEPE). The realized profit was $25.19 million.
As of 10:12 AM, Bitcoin is trading at $107,396, down 0.24% from 24 hours ago, based on the Binance USDT market.
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit
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