James Wynn Holds Losing S&P 500 Short as Liquidations Reach 22
Crypto dealer James Wynn has been liquidated 22 instances buying and selling S&P 500 perpetuals on Hyperliquid, with realized losses on the asset reaching roughly $73,100, in response to on-chain tracker Onchain Lens.
The newest liquidation hit on Monday, his fifth in simply three days. Despite the repeated wipeouts, Wynn continues to carry a 70.50 SP500 brief value about $530,900 at 50x leverage.
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James Wynn Account Falls to $6,500 After S&P 500 Losses
Hypurrscan data reveals that each one 22 liquidations occurred between May 13 and August 3. The occasions worn out roughly $1.29 million in notional worth, together with a single $437,500 liquidation on June 30.
His place sizes have shrunk as the account drains, from over 85 items in late June to 17.6 items within the newest occasion.
The present brief was entered at 7,418.59 and is topic to liquidation at 7,548.37. It carries an unrealized lack of $7,900, whereas total margin utilization is 81.5%, leaving $0 out there for withdrawal from an account value simply $6,512.
His broader file stays deeply unfavorable. Wynn’s all-time loss on the platform is $22.07 million, with a 28% win fee throughout 67 trades.
The S&P 500 Keeps Climbing Against Him
The fairness shorts lengthen a bearish stance Wynn outlined in April, when he paired oil longs with bets in opposition to US indexes.
“It’s going to get so much worse earlier than getting higher. Current trades: LONG: WTI (Oil) clearly. SHORT: S&P500 clearly. BIG SHORT: NASDAQ clearly,” he mentioned.
The market has moved the other method. The market has moved the opposite method. The S&P 500 has gained over 13% since his name, closing Friday at 7,489.72. The index has notched 23 file highs in 2026, per Creative Planning strategist Charlie Bilello.
At 50x leverage, a transfer of underneath 2% in opposition to the place triggers liquidation. The index closed Friday simply 0.8% under Wynn’s liquidation value, and its newest record high already sits above that stage.
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The publish James Wynn Holds Losing S&P 500 Short as Liquidations Reach 22 appeared first on BeInCrypto.