- The notorious crypto whale, known in the digital realms as James Wynn, has once again encountered the cruel hand of fate, suffering a liquidation that could have been scripted by an absurdist playwright, at least for one of his wallets, as chronicled by Lookonchain.
- This calamity unfolded just as Bitcoin decided it was fashionable to spike dramatically, reaching a dazzling new peak of over $117,000, as if it had just discovered the joys of self-confidence.
Behold! In less than half a day, James Wynn’s short position was vaporized – a loss of $27,921.63! Who knew Bitcoin had such a taste for theatrics? 🎭
— Lookonchain (@lookonchain) July 11, 2025
What lends a peculiar flavor to today’s liquidation tale is the remarkable swiftness of Bitcoin to defy skeptics — in under 12 hours, no less! A feat that most love-struck poets can only dream of achieving. Wynn, with optimistic bravado, initiated his trade yesterday on Hyperliquid, depositing nearly $28,000 and merrily claiming a referral bonus of over $3,950, as if he were purchasing candy at a fair.
This ignoble incident, however, is hardly a solitary occurrence in Wynn’s illustrious saga. History, like an unforgiving friend, has chronicled his numerous multimillion-dollar misadventures, prompting a flurry of inquiries from the community, even provoking thoughts from the infamous Arthur Hayes.
Meanwhile, Bitcoin’s recent exploits over the past 36 to 48 hours, during which it soared from the depths of below $108,000 to a zenith of over $117,000, have left others in the thrall of existential dread. One whale, poor soul, has suffered an unfathomable loss exceeding $51 million amidst this turbulent surge.
Yet, not all hope is lost on the sea of digital despair! Lookonchain has reported a fellow mariner of the crypto ocean who, despite being down more than $10 million on his short position, has managed to stay afloat by pouring an additional $5.5 million USDC into Hyperliquid, making a desperate bid against the minimalist embrace of liquidation.
Whale 0x5D2F is lamenting over $10M lost on a 1,135 $BTC ($132.65M) short position.
To stave off liquidation, he decided to deposit an extra 5.5M $USDC into Hyperliquid, because why not double down, right? 😏
New liquidation price: $121,080
— Lookonchain (@lookonchain) July 11, 2025
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2025-07-11 08:49