Crypto dealer James Wynn has been liquidated 22 instances buying and selling S&P 500 perpetuals on Hyperliquid, with realized losses on the asset reaching roughly $73,100, in response to on-chain tracker Onchain Lens.
The newest liquidation hit on Monday, his fifth in simply three days. Regardless of the repeated wipeouts, Wynn continues to carry a 70.50 SP500 quick price about $530,900 at 50x leverage.
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James Wynn Account Falls to $6,500 After S&P 500 Losses
Hypurrscan information reveals that each one 22 liquidations occurred between Could 13 and August 3. The occasions worn out roughly $1.29 million in notional worth, together with a single $437,500 liquidation on June 30.
His place sizes have shrunk because the account drains, from over 85 models in late June to 17.6 models within the newest occasion.
The present quick was entered at 7,418.59 and is topic to liquidation at 7,548.37. It carries an unrealized lack of $7,900, whereas total margin utilization is 81.5%, leaving $0 obtainable for withdrawal from an account price simply $6,512.
His broader report stays deeply unfavourable. Wynn’s all-time loss on the platform is $22.07 million, with a 28% win price throughout 67 trades.
The S&P 500 Retains Climbing Towards Him
The fairness shorts lengthen a bearish stance Wynn outlined in April, when he paired oil longs with bets towards US indexes.
“It’s going to get lots worse earlier than getting higher. Present trades: LONG: WTI (Oil) clearly. SHORT: S&P500 clearly. BIG SHORT: NASDAQ clearly,” he stated.
The market has moved the opposite means. The market has moved the opposite means. The S&P 500 has gained over 13% since his name, closing Friday at 7,489.72. The index has notched 23 report highs in 2026, per Artistic Planning strategist Charlie Bilello.
At 50x leverage, a transfer of underneath 2% towards the place triggers liquidation. The index closed Friday simply 0.8% beneath Wynn’s liquidation value, and its newest report excessive already sits above that stage.
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The put up James Wynn Holds Shedding S&P 500 Quick as Liquidations Attain 22 appeared first on BeInCrypto.