詹姆斯·永利（James Wynn

詹姆斯·永利（James Wynn）是著名的高槓桿加密貨幣商人，最近經歷了他職業生涯中最巨大的損失之一。

What happens when Bitcoin doesn't follow the script, and a trader like James Wynn is already deep into a leveraged bet he can't easily escape?

當比特幣不遵循劇本時，會發生什麼，而像詹姆斯·永利這樣的交易者已經深入了他無法輕易逃脫的槓桿賭注？

One of the steepest losses in recent memory has hit high-leverage crypto trader James Wynn, also known as "HYPER,") is known for his massive positions and rapid-fire trades on the Hyperliquid (HYPE) exchange.

最近記憶中最巨大的損失之一襲擊了高槓桿加密貨幣交易者詹姆斯·永利（James Wynn），也稱為“超級”）以其巨大的位置和在超流動性（HYPE）交換上的快速交易而聞名。

Over seven days, Wynn's trades resulted in an estimated $60 million drawdown, largely driven by a series of leveraged Bitcoin (BTC) positions that went sour as the market shifted and triggered liquidations.

在七天的時間裡，永利的交易估計造成了6000萬美元的水位，這在很大程度上是由於一系列槓桿比特幣（BTC）職位的驅動，隨著市場的轉移和触發的清算，這些位置會變得惡化。

The sequence began on May 19 with a 5,520 BTC at $103,302, leveraged 40x and setting his liquidation level at $98,294.

該序列始於5月19日，5,520 BTC為103,302美元，利用40倍，將其清算水平定為98,294美元。

The following day, he expanded the position to 7,764 BTC, raising the notional value to $830 million and setting his new average entry at $105,033 for a closer buffer to the liquidation price of $100,330.

第二天，他將該職位擴大到7,764 BTC，將名義價值提高到8.3億美元，並將其新的平均入場券定為105,033美元，以實現更接近的緩衝區至清算價格100,330美元。

May 21 saw him increase exposure further to 9,371.71 BTC, pushing the position above the $1 billion threshold at an average entry of $108,005 and showing a $10.71 million profit.

5月21日，他將曝光率進一步增加到9,371.71 BTC，將該職位推高到10億美元的門檻以上，平均入場券為108,005美元，並顯示了1071萬美元的利潤。

Later that day, Wynn closed 2,139 BTC, securing $11.92 million in realized profit, leaving 5,203 BTC still active, valued at $554.6 million.

當天晚些時候，永利關閉了2,139 BTC，獲得了1,192萬美元的實現利潤，5,203 BTC仍然活躍，價值5.546億美元。

He followed up with a fresh long of 10,200 BTC at $108,065, which brought the Bitcoin position above $5 billion in notional at its peak as the cryptocurrency touched $111,900, pushing unrealized gains to $39 million.

他跟進了10,200 BTC的新鮮長期，為108,065美元，這使得比特幣頭寸在其峰值上的高峰期高於50億美元的名義，因為加密貨幣觸及了111,900美元，將未實現的收益提高到3900萬美元。

But momentum reversed quickly. On May 23, a 4% drop brought Bitcoin down to $106,700 following President Trump's announcement of a 50% tariff on European Union imports.

但是動量很快扭轉了。 5月23日，特朗普總統宣布對歐盟進口稅率達到50％的關稅後，4％的下降將比特幣降至106,700美元。

Wynn responded by closing a separate Pepecoin (PEPE) position with a $25.18 million gain and raising his Bitcoin long to 11,588 BTC at $108,243, setting his new liquidation level at $105,180.

永利的回應是，以2518萬美元的收益結束了一個單獨的百事可樂（PEPE）職位，並將其比特幣長至11,588 BTC，為108,243美元，將他的新清算水平定為105,180美元。

That decision proved costly. On May 25, he exited the position at $107,746, booking a $13.39 million loss.

該決定被證明是昂貴的。 5月25日，他以107,746美元的價格退出了該職位，預訂了1339萬美元的虧損。

That same morning, he shifted to a short strategy, scaling his Bitcoin position to 7,967.83 BTC, valued at $856 million, with a liquidation price set at $111,280.

那天早上，他轉向了一個簡短的策略，將比特幣頭寸擴展到7,967.83 BTC，價值8.56億美元，清算價格定為111,280美元。

HYPER is known for his bold trading style, which involves high leverage and aiming for substantial gains or swift losses.

Hyper以其大膽的交易風格而聞名，該風格涉及高槓桿作用，並旨在實現巨大的收益或迅速的損失。

He later exited over $1 billion worth of BTC short positions on May 26, incurring a loss of approximately $15.87 million over a 15-hour span.

後來，他於5月26日退出了價值超過10億美元的BTC短職位，在15小時內損失了約1587萬美元。

He also closed his Ethereum (ETH) and Sui (SUI) longs during the week, incurring an additional loss of $5.3 million.

他還在一周內關閉了以太坊（ETH）和SUI（SUI）朗格（Sui）（SUI），又損失了530萬美元。

The total drawdown over seven days amounted to about $60 million.

在7天內的總水位約為6000萬美元。

Wynn acknowledged the setback in a post on May 26, where he stated that despite the losses, his account still held $25 million in profit from an original base of $3–4 million. The figure represented a sharp drop from his earlier peak of $87 million.

永利在5月26日的一篇文章中承認了這一挫折，他說，儘管損失損失，但他的帳戶仍然從3-400萬美元的原始基數中持有2500萬美元的利潤。這一數字比他早期的8700萬美元的高峰急劇下降。

"Lost around $60 mil in the past week for those keeping score. Still up $25 mil from where I started (3-4 mil) and have about 3-4 bil in volume on HYPE in the past 3 months."

“在過去一周中，為那些保持得分的人損失了約60萬美元。從我開始的地方（3-4萬）上漲了25萬美元，在過去3個月中的炒作數量約為3-4。”

What makes James Wynn trader different from the average degen

是什麼使James Wynn Trader與平均Degen不同

Wynn began gaining traction in the crypto trading world in 2022, during the final phase of the previous bull market. His early entry into the space was reportedly funded by Alameda Research, a firm known at the time for backing emerging crypto traders.

永利開始在2022年的加密貨幣貿易界獲得吸引力，這是在先前的牛市的最後階段。據報導，他的早期進入該空間是由Alameda Research資助的，Alameda Research當時以支持新興的加密交易者而聞名。

That year, he invested $7,000 into the memecoin PEPE when its market cap was just $600,000. As the token’s valuation rose to $4.2 million, Wynn employed high-frequency trading methods to eventually turn his position into $25 million.

那一年，當市值僅60萬美元時，他向Memecoin Pepe投資了7,000美元。隨著代幣的估值上升到420萬美元，永利採用了高頻交易方法，最終將他的頭寸變成2500萬美元。

In March 2025, Wynn began trading on Hyperliquid, starting with a deposit of $4.65 million in USD Coin (USDC). Over the following two months, he executed 38 trades on the platform, focusing primarily on Bitcoin and memecoins such as PEPE, Official Trump (TRUMP),

2025年3月，永利開始用超流動式交易，首先是465萬美元的美元硬幣（USDC）。在接下來的兩個月中，他在平台上執行了38次交易，主要關注比特幣和內存，例如佩佩，特朗普官方（特朗普），