James Wybnn, Millionaire cryptographic trader, was liquidated in the amount of almost $ 25 million in Bitcoin after betting with the lever that the cryptocurrency price will raise.
Wynn was liquidated for 240 Bitcoin (BTC) and “manually closed part of his position to reduce the liquidation price”, Analytics onchain Lookonchain Platform Published Up to x June 4.
Looconchain added that Wynn still had 770 bitcoins worth about 80.5 million dollars at a liquidation price of USD 104 035.
Data from hipurscan can be seen that the trader is currently sitting on an unrealized loss of almost $ 1 million in his 40 -week Bitcoin position.
After the liquidation of the WARNN Published to X, claiming that the market was manipulated against him. Separately asked for donations to “support his case” to disclose market manipulation.
Wynn gained importance after making a series of vast, high bets for bitcoin via the Hyperliquid trading platform, where information about the position is public.
On May 24, he initiated a bet $ 1.25 billion, which stayed for a long time at Bitcoin with a 40 -fold lever after loss of $ 29 million just a day before.
A day later, Wynn closed his long position and instead opened a tiny position of $ 110 million to cryptocurrency.
On May 29, Lookonchain and Arkham Intelligence said that Wynn suffered a loss of $ 100 million per week.
The unusual last losses and wanting to earn $ 1 billion, Wynn initiated a second position of $ 100 million at Bitcoin at the beginning of this week.
Shadowy swimming pool dexs
After the liquidation of Wynn in the amount of $ 100 million, co -founder of Binance Changpeng Zhao proposed to create a dim pool that is decentralized, which, as he said, can fight market manipulation.
Related: Bitcoin eyes 115 thousand USD until July, but robust data from work in the USA to threaten the rally
Zhao said that due to the transparency of Dexs, people can see orders in real time, which can lead to the front, buttocks and other problems, and that this problem is more grave in the case of eternal DEX due to liquidation.
While the concept of dim pools is up-to-date to crypt in time-honored finances, this function has existed for many decades.
Shadowy pools ensure fluidity and anonymity to institutional investors, while maintaining their private transactions from retail investors. Shadowy pools can be profitable, but they can also lead to problems related to conflicts of interest due to a lack of transparency.
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