Summary
- James Wynn of HyperLiquid is reported to be expanding a 40x long position in Bitcoin.
- The current position size is about 5676 BTC, equivalent to approximately $622.6 million.
- The liquidation price is $108,010, and a 1.53% drop in Bitcoin could trigger liquidation.
James Wynn, known as a whale on the decentralized futures exchange (DEX) HyperLiquid (HYPE), is reportedly increasing his 40x long position in Bitcoin (BTC).
On the 28th (local time), Lookonchain revealed on X (formerly Twitter) that "James Wynn continues to expand his 40x long position in Bitcoin," adding, "The current position size is approximately 5676 BTC (about $622.6 million)." It further stated, "His liquidation price is $108,010," and "A mere 1.53% drop would trigger liquidation."
As of 6:27 PM, Bitcoin is trading at $109,531 on the Binance USDT market, down 0.39% from 24 hours ago.
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit
