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crypto liquidation cascades

Crypto Whale’s $16M Leveraged Short Liquidation Highlights Market Risks Amid Bitcoin Surge

Cryptocurrency trader James Wynn incurred catastrophic losses when his heavily leveraged short position was liquidated during Bitcoin’s sharp price appreciation beyond $117,000. The liquidation resulted in the loss of 155.38 Bitcoin, valued at approximately $16.14 million, reducing Wynn’s account balance… Read More »Crypto Whale’s $16M Leveraged Short Liquidation Highlights Market Risks Amid Bitcoin Surge