The millionaire leveraged crypto trader James Vyan has a liquidation of about $ 25 million in bitcoin, which will grow after betting with an increase in the price of cryptocurrency.

WYNN was liquid for 240 bitcoins (BTC) And “to reduce the price of liquidation was manually closed,” onchain analytics platform look Posted From X on 4 June.

Lukanchen said WYNN still priced at $ 80.5 million at a liquidation price of $ 104,035 $ 770 million.

Data from Hipurcan Show The trader is currently sitting at an unrealistic loss of about $ 1 million in its 40x bitcoin long position.

After liquidation, WYNN Posted For X, alleging that the market was being manipulated against him. He has requested a separate donation to “support” his manipulation in the market.

After making a string of large, high-foot bets on bitcoin through trading platform hyperlicid, WYNN prominently increased, where information on the condition of WYNN is public.

He made a $ 1.25 billion bets on 24 May, which used to run for a long time on bitcoin. With 40x leverage After a loss of $ 29 million a day earlier.

A day later, Wynn was near Stopped its long position And instead, a small position of $ 110 million was opened on cryptocurrency.

On 29 May, Lukanchen and Arakham Intelligence said that the Vyana was damaged Loss of $ 100 million during the week.

Want to make $ 1 billion unaffected by recent losses, WYNN takes an initiative Second Earlier this week took advantage of $ 100 million on bitcoin.

Dark pool dex

After WYN’s liquidation of $ 100 million, Binance co-founder Changpeng Jhao proposed to create a dark pool always Swap Developed Exchange (DEX), which he said Can compete with the market manipulation,

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Zhao said that due to the transparency of the dex, people can see the orders in real time, which may lead to front-rringing, slips and other issues and the issue is more serious on the evergreen due to liquidation.

While the concept of dark pool is new for crypto in traditional finance, this feature exists for several decades.

Dark pools provide liquidity and oblivion to institutional investors by keeping their trades private from retail investors. Dark pools can be cost effective, however, they can also give rise to a conflict of interest issues due to lack of transparency.

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