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LookIntoChain monitoring shows that trader James Wynn executed multiple high-leverage long positions on ETH, resulting in successive liquidations. The on-chain surveillance data confirms the sequence of entries and forced exits without suggesting further conjecture.
According to the observed timeline, on September 2 ETH traded above $4,400 when James Wynn opened a large long; a drop below $4,280 on September 3 triggered a full liquidation. Positions were increased near $4,440 between the night of September 3 and the following morning, and a partial liquidation occurred as ETH approached $4,370, with the remaining stake closed at $4,339 and a reported position value of about $320,000.
These events illustrate the heightened liquidation risk associated with substantial leverage. Market participants should note that ETH liquidation incidents like this underscore the importance of robust risk management and position sizing in volatile markets.
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