Bitcoin’s stalled rally puts leveraged trader James Wynn on the brink of liquidation.
James Wynn, a prominent hyper-leveraged trader operating under the alias “moonpig,” is struggling as Bitcoin’s price cools after a recent surge.
Wynn’s massive position—approximately 1,690 BTC worth about $178.8 million—is leveraged 40 times and has suffered nearly $100 million in losses over the past week.
According to Hyperdash data, Wynn’s margin usage is approaching the critical 100% mark, risking a full liquidation of his position. To mitigate this risk, he recently injected an additional $376,000 into his account.
With Bitcoin hovering just above Wynn’s estimated liquidation price of $104,607, any further price drop could trigger automatic liquidations, forcing him to close out his trades at a loss.
Currently, Wynn faces an unrealized loss of about $3.5 million, reflecting a 77% decline on his leveraged bets—underscoring the dangers of excessive leverage amid volatile crypto markets.
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