'Leverage Whale' James Win Suffers Loss of About ₩34 Billion on Bitcoin Long Position
Summary
- It has been reported that James Win recorded a major loss of about ₩34 billion on Bitcoin (BTC) futures.
- Win stated that he was liquidated while operating a Bitcoin long position using 40x leverage.
- It is also said that he is currently carrying an unrealized loss of about $1 million.
Cryptocurrency 'high-leverage trader' James Win reportedly recorded a massive loss as his roughly $25 million (about ₩33.95 billion) long position in Bitcoin (BTC) futures was liquidated.
On the 5th (local time), cryptocurrency-focused media outlet Cointelegraph reported that Win was liquidated after running a long position of 240 BTC using 40x leverage on the Hyperliquid platform. Immediately after the loss, he took to X (formerly Twitter) to claim, "My position was pushed out due to market manipulation," and asked for support funds.
According to on-chain analytics firm Lookonchain, Win held 770 BTC (about $10.85 million) at the time of liquidation. It is also reported that he is currently sitting on an unrealized loss of about $1 million.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
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