Hupzy (Spot On Chain)|Jul 31, 2026 06:08
โ ๏ธ James Wynn's 50x SP500 short got ๐ฝ๐ฎ๐ฟ๐๐ถ๐ฎ๐น๐น๐ ๐น๐ถ๐พ๐๐ถ๐ฑ๐ฎ๐๐ฒ๐ฑ again โ the second forced close on this position. Remaining: 164.96 SP500 ($1.23M notional) with a liquidation price of $7,484.48.
The repeated partials tell the story: Wynn is fighting an uptrend with extreme leverage and the market keeps forcing him to cover in pieces. Each liquidation tightens the remaining position, but the trajectory is clear โ the short is bleeding.
๐๐๐ฝ๐๐ ๐๐ฎ๐ธ๐ฒ: This is a short squeeze in slow motion. A high-profile trader doubling down on a 50x SP500 short against a rising market is getting picked apart. The remaining $๐ญ.๐ฎ๐ฏ๐ short with a $7,484.48 liquidation price is a known overhang โ if SP500 keeps climbing, another forced close could add fuel to the rally. Risk-reward for new shorts here is poor when a known large position is already underwater.
Position: https://hypurrscan.io/address/0x5078C2fBeA2b2aD61bc840Bc023E35Fce56BeDb6#perps
source: lookonchain
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