“BTC’s Stalling Rally Puts Overlevered Wynn at Risk of Total Liquidation.”, – WRITE: www.coindesk.com
Cooling Sentiment.
Wynnn’s Current Highly Levered BTC Position, WHICH HE APEARS TO BE STRUGGLING TO MAINTAIN, SPIRALLED INTO A Loss of Nearly $ 100 Million Over The Last Week.
(Coinglass)
Data from Hyperdash Shows that Wynnn’s Margin USAGE IS NEARING 100%, WHICH Wuld Result in a Total Liquidation of His Position, Thought Wynnn Recently Made a Deposit of $ 376.
(Hyperdash)
The Tradeer, Known for Making Aggresse Bets Under the Pseudonym “Moonpig,” Currently Holds a Long Position of Approximately 1,690 BTC, VALLUED AT ROUND $ 178.78.78 Million.
On -chain Data Shows that wynnn’s 40x levered BTC BTS 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.
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