MarketPR
On-chain analytics platform Onchain Lens has flagged a second partial liquidation of James Wynn's 40x leveraged $BTC short on Hyperliquid, the decentralized perpetual exchange.
Wynn has not exited the trade, keeping the position live and signaling continued bearish conviction on Bitcoin despite the forced unwind.
What the On-Chain Record Shows Onchain Lens recorded the forced close of a portion of Wynn's 40x short — a position structure that amplifies gains and losses by a factor of 40 relative to initial margin.
The exact size of the liquidated slice was not disclosed. What the data does confirm: the remaining position is still open, meaning the close covered only part of his exposure and Wynn has made no move to exit.
Keep reading