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Lookonchain Says Trader James Wynn Was Liquidated After Opening 40x Bitcoin Short

Lookonchain Says Trader James Wynn Was Liquidated After Opening 40x Bitcoin Short

According to Lookonchain, James Wynn opened another 40x leveraged Bitcoin short on March 26, this time with a reported liquidation price of $70,270.83, adding a new data point to earlier conflicting trade details.

BTC

Fact Check
The claim is supported by consistent reports from multiple reputable crypto media outlets (PANews, BlockBeats) citing Lookonchain's on-chain monitoring. The specific details, including the 40x leverage, the date (March 26, 2026), and the liquidation price ($70,270.83), match the evidence found in the newsflashes and social media snippets.
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Summary

According to Lookonchain, James Wynn opened a 40x leveraged Bitcoin short position on March 26, roughly 30 minutes before the post was tracked, with a reported liquidation price of $70,270.83. This adds a new update to earlier reports tied to the same topic. Previous Lookonchain data on March 25 had described a 0.62 BTC short entered at $70,806 with a liquidation price of $71,675.1, while an even earlier version said Wynn had been liquidated after opening a 1.3 BTC 40x short. Because the latest input does not provide position size or entry price, only the newly stated liquidation threshold and timing can be added with certainty.

Terms & Concepts
  • 40x leveraged Bitcoin short: A highly leveraged bearish trade on Bitcoin that magnifies gains if the price falls, but sharply increases the risk of losses and forced closure.
  • Liquidation price: The market price at which an exchange automatically closes a leveraged position because its collateral is no longer sufficient.
  • Liquidated: The forced closure of a leveraged position after losses breach the margin required to keep the trade open.