James Wynn’s Bitcoin Holdings Teeter on Full Liquidation with Losses Nearing $100M

James Wynn’s Bitcoin bet dangerously close to liquidation as losses mount.

James Wynn, the trader operating under the alias “moonpig,” is facing severe pressure as Bitcoin’s recent stagnation pushes his leveraged position toward collapse.

Holding approximately 1,690 BTC with around 40x leverage, Wynn’s exposure is currently valued at about $179 million. However, over the last week, his losses have ballooned to nearly $100 million.

According to data from Hyperdash, Wynn’s margin usage is approaching the critical 100% mark, putting him on the brink of total liquidation. In an effort to strengthen his position, he recently added $376,000 to his margin account.

With Bitcoin hovering just above Wynn’s liquidation price of roughly $104,600, any further price decline could trigger forced liquidation, resulting in the automatic sale of his holdings.

His unrealized losses have now reached approximately $3.5 million, reflecting a 77% loss on his leveraged trade, underscoring the dangers of high-risk trading in volatile crypto markets.