Bitcoin Moves Against Wynn’s Bet…Again

Lookonchain, citing data from Hyperliquid perpetual exchange, stated that Wynn opened several short positions at entry prices between $66,975 and $67,264.

Then Bitcoin surged to $69,500 late Sunday, triggering unrealized losses that eroded margins and led to automatic liquidations. The latest liquidation was executed at $67,955.

This was Wynn’s sixth liquidation over the past two weeks. No open positions remained active.

From a high of more than $84 million, the trader’s account balance had fallen to $914 at the time of writing. Additionally, these bets resulted in more than $22 million in combined losses, a stark reversal from $76 million in…

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