Seven partial liquidations hit the leveraged trade over 15 days as the index climbed from about 7,300 to above 7,550, while historical cumulative losses reached $22 million.
James Wynn opened a 50x S&P 500 short on Hyperliquid, a high-leverage bet that has come under pressure as the index moved higher over the past 15 days. The position was flagged by Onchain Lens, which said the S&P 500 rose from about 7,300 to above 7,550 during that period, triggering seven partial liquidations. Wynn still holds 120.9 S&P 500 short positions worth $913,000, with a current loss of $21,000 and return on investment of -115%. Onchain Lens also said his historical cumulative losses stand at $22 million, underscoring the risks of using heavy leverage on index-linked crypto trading venues.