James Wynn’s disclosure of his $103,640 liquidation level was quickly followed by a BTC drop toward that threshold, prompting accusations of manipulation by market makers

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Almost immediately after his order hit the market, BTC’s price started dropping toward his liquidation level of $103,637
This has sparked renewed speculation about the influence of so-called “shady market makers,” who are believed to monitor and manipulate large on-chain positions.
They’re coming for me again,” wrote Wynn, disclosing his $103,640 liquidation level in a June 2 X post, adding: “Don’t let these evil bastards liquidate me.
James Wynn opened another $100M BTC long. Within seconds the shady market makers dumped the price towards his liquidation price