Bitcoin’s stalled rally is putting Hyperliquid trader James Wynn at serious risk of full liquidation.
Once holding a massive billion-dollar notional position, Wynn has emerged as one of the most exposed traders amid cooling sentiment in BTC
$103,986.34.
His highly leveraged long position in Bitcoin has suffered steep losses, nearing $100 million over the past week.
According to data from Hyperdash, Wynn’s margin utilization is approaching 100%, which would trigger a total liquidation of his holdings. Recently, Wynn injected an additional $376,000 to strengthen his position, but the risk remains high.
Trading under the alias “moonpig,” Wynn currently controls about 1,690 BTC, valued at approximately $178.78 million.
On-chain metrics reveal that his 40x leveraged Bitcoin position now carries an unrealized loss of roughly $3.5 million, equating to a negative return of 77%.
With Bitcoin hovering just above Wynn’s estimated liquidation threshold near $104,607, any further price drops could force automatic sell-offs, putting his entire position in jeopardy.
