According to blockchain tracking platforms, Wynn was liquidated on a 240 BTC position. Despite manually closing part of his trade to reduce the liquidation threshold, his efforts were ultimately unsuccessful.

The 40x Gamble That Went South

Wynn’s liquidation price was calculated at $104,035 per BTC. He still holds around 770 BTC, valued at over $80 million, but his current 40x long position continues to hover around an unrealized loss of nearly $1 million.

On social media, Wynn insisted that the market was being deliberately moved against his positions. He also called for donations to support his mission of “exposing manipulation” in the crypto markets.

Aiming for a Billion Despite Massive Losses

Wynn is no stranger to bold moves. On May 24, he opened a $1.25 billion Bitcoin long with 40x leverage—just one day after incurring a $29 million loss.

Shortly afterward, he reversed his stance and entered a $110 million short position. Reports indicate that he lost a total of $100 million during this volatile period.

Still, Wynn hasn’t backed down. Determined to eventually earn $1 billion, he opened another $100 million leveraged long earlier this week.

Dark Pools in DeFi? A New Direction for Transparency

The scale of Wynn’s losses has sparked fresh conversations in the industry. A prominent DeFi figure recently proposed the creation of a dark pool DEX, which would allow large trades to occur privately—away from prying eyes and predatory trading bots.

Unlike traditional decentralized exchanges where order books are visible to all, a dark pool structure could protect large players from slippage, front-running, and forced liquidations. While dark pools are well-established in traditional finance, their adaptation in DeFi is still in early stages and remains controversial due to potential conflicts of interest.

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