🎉 #Gate Alpha 3rd Points Carnival & ES Launchpool# Joint Promotion Task is Now Live!
Total Prize Pool: 1,250 $ES
This campaign aims to promote the Eclipse ($ES) Launchpool and Alpha Phase 11: $ES Special Event.
📄 For details, please refer to:
Launchpool Announcement: https://www.gate.com/zh/announcements/article/46134
Alpha Phase 11 Announcement: https://www.gate.com/zh/announcements/article/46137
🧩 [Task Details]
Create content around the Launchpool and Alpha Phase 11 campaign and include a screenshot of your participation.
📸 [How to Participate]
1️⃣ Post with the hashtag #Gate Alpha 3rd
Bitcoin Bull James Wynn Close to Total Liquidation as Losses Near $100M
James Wynn, the Hyperliquid trader who had at one time a billion-dollar notional position, has become an outsized victim of bitcoin's BTC cooling sentiment.
Wynn's current highly leveraged BTC position, which he appears to be struggling to maintain, spiralled into a loss of nearly $100 million over the last week.
(Coinglass) Data from Hyperdash shows that Wynn's margin usage is nearing 100%, which would result in a total liquidation of his position, though Wynn recently made a deposit of $376,000 to bolster his defenses.
(Hyperdash) The trader, known for making aggressive bets under the pseudonym "moonpig," currently holds a long position of approximately 1,690 BTC, valued at roughly $178.78 million.
On-chain data shows that Wynn's 40x leveraged BTC bets now carry an unrealized loss of approximately $3.5 million, representing a negative return of 77%.
But with BTC trading near $106,000, just slightly above Wynn’s liquidation price of around $104,607, any further decline in the asset’s price could trigger automatic forced sales.
View Comments