Onchain Lens said trader James Wynn, identified by wallet 0x507...edb6, closed part of his SP500 short position for a profit of just $45. The position was opened yesterday at roughly $599,000 in value, covering 80.44 SP500. Today, Wynn closed 42.19 SP500 from that short, worth about $312,600.
He still holds a 115.68 SP500 short position valued at around $857,600, which is currently showing an unrealized loss of $192. According to the on-chain tracking account, Wynn has been liquidated multiple times on SP500 shorts over the past month and has continued to add to the position. His historical cumulative losses now stand at $23.4 million.
The update centers on Wynn’s latest partial close and the remaining exposure still on the books, with the realized gain from this latest move amounting to only $45.
According to Onchain Lens, trader James Wynn (0x507...edb6) closed part of his SP500 short position for a profit of $45.
Wynn opened the short yesterday, with the position totaling about 80.44 SP500 and valued at roughly $599,000. He closed 42.19 SP500 today, worth around $312,600.
He still holds a short position of 115.68 SP500, with a current value of about $857,600. The remaining position is showing an unrealized loss of $192.
Onchain Lens said Wynn has been liquidated multiple times on SP500 shorts over the past month and has continued adding to the position. His historical cumulative losses now stand at $23.4 million.
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