Whale Liquidated in Bitcoin Market Drop

A significant liquidation event occurred on Hyperliquid, a derivatives trading platform, as Bitcoin prices fell earlier today. Popular trader James Wynn experienced the loss of his entire long positions, estimated at $39.3 million. The recent price dip of Bitcoin to $103,266 triggered this event, which followed a prior three liquidations for Wynn. Before the liquidation, his unrealized profit and loss stood at -$1.13 million. Wynn has now exited all of his positions with a lifetime unrealized PnL of -$20.5 million. The current Bitcoin price is fluctuating around $103,465 as per CoinGecko data. Read the full article on UToday.