James Wynn’s 40x Bitcoin short faces repeated partial liquidations

Onchain Lens and Hyperinsight said the Hyperliquid trader behind address 0x507… was liquidated four times on June 10, losing about $210,000 before reopening a roughly $85,000-$86,100 40x BTC short.

BTC
HYPE

Summary

James Wynn’s 40x Bitcoin short position was partially liquidated again, with blockchain trackers Onchain Lens and Hyperinsight linking repeated forced reductions to address 0x507… on Hyperliquid. Hyperinsight said the trader suffered four BTC short liquidations on June 10 totaling about $210,000, then used remaining funds to reopen a 40x leveraged short. After the latest partial liquidation, the remaining position was reported at roughly $85,000 to $86,100, with Hyperinsight citing a liquidation price of $62,315.

Terms & Concepts
  • 40x Bitcoin short: A bearish Bitcoin position using leverage of 40 times the posted collateral.
  • partial liquidation: The forced closure of part of a leveraged position to reduce risk when collateral falls short.
  • Hyperliquid: A crypto derivatives trading platform where traders can take leveraged perpetual positions.