According to Arkham Intelligence, a massive liquidation event took place on Hyperliquid, a popular derivatives trading platform, several minutes ago.
Popular trader James Wynn has had all of his long positions wiped out after the price of Bitcoin sank lower earlier today.
The total trade value of his positions stood at roughly $39.3 million. The last liquidation event took place after the price of the leading cryptocurrency dipped to $103,266.
Before his positions got liquidated, the trader recorded an unrealized profit and loss (PnL) of -$1.13 million.
The trader has now exited all of his positions with a lifetime PnL of -$20.5 million.
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