James Wynn Goes 'All-In' on S&P 500 Short Selling... Result: '22 Liquidations'

▲ U.S. stock market, Wall Street, Nasdaq, Dow Jones Industrial Average, S&P 500, semiconductors, bear market/AI generated image

Cryptocurrency trader James Wynn was liquidated 22 times while clinging to S&P 500 short selling. His account balance dwindled to $6,512.

According to crypto-specialized media outlet BeInCrypto on August 3 (local time), Wynn was liquidated 22 times while trading S&P 500 perpetual futures on Hyperliquid. His realized losses amounted to approximately $73,100. Despite repeated losses, Wynn maintained an S&P 500 short position worth $530,900 with 50x leverage.

On-chain tracking firm Onchain Lens stated that Wynn was liquidated 5 times in just three days. Hypurrscan data showed that the 22 liquidations occurred between May 13 and August 3. The nominal value liquidated was approximately $1.29 million, with $437,500 being liquidated in a single instance on June 30.

As the account dwindled, the position size also sharply decreased. Wynn's position exceeded 85 units at the end of June but had fallen to 17.6 units at the time of the recent liquidation. The entry index for the remaining short position is 7,418.59, and the liquidation index is 7,548.37. Unrealized losses were tallied at $7,900, and the margin utilization rate was 81.5%. The withdrawable amount is $0.

Wynn's cumulative losses on Hyperliquid reached $22.07 million. Out of a total of 67 trades, the profit-making ratio was only 28%. In April, Wynn unveiled a strategy of buying West Texas Intermediate (WTI) crude oil and shorting the S&P 500 and Nasdaq, stating, 'Things will get much worse before they get better.'

The S&P 500 has risen over 13% since Wynn's short-selling declaration, closing at 7,489.72. The index has hit new all-time highs 23 times in 2026. With 50x leverage, the index doesn't even need to move 2% in the opposite direction of the position to trigger liquidation. The S&P 500 closing price was 0.8% lower than Wynn's liquidation index, and recent all-time highs have already surpassed his liquidation index.

[Article Summary]

-James Wynn recorded realized losses of approximately $73,100 after being liquidated 22 times on S&P 500 perpetual futures short positions.

-Despite his account balance dropping to $6,512, Wynn maintained a $530,900 short position with 50x leverage.

-The S&P 500 has risen over 13% since Wynn's short-selling declaration, and its recent high has surpassed Wynn's liquidation index.

*Disclaimer: This article is for investment reference only, and we are not responsible for investment losses based on it. The content should be interpreted for informational purposes only.*