James Wayne, the cryptocurrency dealer, suffered an amazing loss after the closure of $ 1 billion of short positions on Bitcoin (BTC) in less than one day.
Trade details indicate that the transaction occurred on the excessive liquid of decentralized stock exchanges, as Wynn incurred a loss of $ 15.86 million after the closure of a short center on Bitcoin, according to the last series of the series Data It happened by Finbold from Hyperdash.
The loss was recorded on May 25, after the Wynn’s BTC Short was closed. He received 15.53 million dollars in this position, along with nearly 940,899 dollars as a fee, which led to a net loss of 15.86 million dollars.
It is worth noting that after trade, the data shows that Wynn has opened a short location of one billion dollars using a 40X crane, which risk a $ 50 million wallet. This stands as the largest bet on the series.
The short center was introduced at an average price of 107,077 dollars. If the BTC rises above $ 110,446, the situation risks liquidation unless an additional guarantee is provided.
Pepte’s profitable bet
This setback contrasts sharply with the latter Wayne series of profitable deals. A short pre -BTC, closed a long site in Baby, where he got a huge profit worth $ 25.19 million. Moreover, a long period in BTC has recorded another $ 18.36 million.
As I mentioned earlier by Finbold, Wynn had occupied a long position in Bitcoin up to 11,588 BTC, at a value of approximately $ 1.25 billion at the time.
In fact, the investor has been very active in recent weeks. During the past 75 days, he has Executed 38 deals on Hyperleliquid, 17 of which were profitable, which resulted in a 45 % victory rate.
Despite the mixed results, the total performance of WYNN remains impressive: he withdrew $ 28 million from the platform, eventually moved away from a net profit of $ 25.2 million. During this period, he contributed about $ 2.31 million in trading fees to Hyperleliid.
Distinctive image via Shutterstock
