James Wynn Liquidated for $16.14 Million After Dodging Liquidation by Just $40

James Wynn has been liquidated for 155.38 BTC valued at $16.14 million in a frenzied tussle between bulls and bears. Previously, Wynn had narrowly escaped liquidation by just $40 after making a clutch deposit of $74,000 in USDC to save his position.

James Wynn Liquidated For 155.38 Bitcoin After A $40 Save

Just days after vowing to quit crypto perpetual trading, James Wynn opened another Bitcoin long position on Hyperliquid. According to on-chain data from Lookonchain, Wynn’s position was liquidated following a steep price drop on the perpetual trading platform.

The high-risk trader lost $16.14 million as Bitcoin’s price fell below his liquidation threshold, dipping to $103,740 on Hyperliquid, adding to his long streak of losses.

Data showed early signs of a steep correction, which threatened to liquidate Wynn’s position. In anticipation of the drop, Wynn deposited $74,000 in USDC into Hyperliquid, lowering his liquidation price to $103,859.

Just minutes later, Bitcoin’s price on Hyperliquid plunged to $103,899, only $40 above his new liquidation level. After briefly testing $103,899, the price rebounded above $104,000, giving Wynn a moment of relief.

“Saved by a few dollars and by a few people who clearly see what’s going on and are protecting my long position,” said Wynn.

Less than an hour after the close call, Bitcoin came under renewed selling pressure, ultimately triggering the liquidation of Wynn’s position. Shortly after the dip, the price began climbing again, with BTC rebounding amid renewed optimism fueled by US-China trade talks.

 “I closed my position. Defeat accepted,” said Wynn in resignation.

Alleging Market Manipulation and Vowing a Comeback

Wynn alleged that big institutions are making significant efforts to manipulate Bitcoin prices to force a liquidation of his position. He argues that all metrics point to a breakout for Bitcoin, with fundamentals and technicals pointing to a near-term rally.

“They decided to use their power and manipulation to take one guy out,” said Wynn. “Maybe it’s just a coincidence.”

While several investors have rallied behind James Wynn to donate to his cause, a growing majority of traders are criticizing the high-risk trader over his choices. Previously, Wynn had dumped Hyperliquid after racking up a series of losses of over $99 million.

Despite the jarring losses, Wynn is expressing optimism to make it all back in a single trade. However, James Wynn is shilling Moonpig, urging investors to buy the memecoin while promoting its growth potential.