詹姆斯·永利（James Wynn

詹姆斯·永利（James Wynn）是著名的高杠杆加密货币商人，最近经历了他职业生涯中最巨大的损失之一。

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?

当比特币不遵循剧本时，会发生什么，而像詹姆斯·永利这样的交易者已经深入了他无法轻易逃脱的杠杆赌注？

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.

最近记忆中最巨大的损失之一袭击了高杠杆加密货币交易者詹姆斯·永利（James Wynn），也称为“超级”）以其巨大的位置和在超流动性（HYPE）交换上的快速交易而闻名。

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.

在七天的时间里，永利的交易估计造成了6000万美元的水位，这在很大程度上是由于一系列杠杆比特币（BTC）职位的驱动，随着市场的转移和触发的清算，这些位置会变得恶化。

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

该序列始于5月19日，5,520 BTC为103,302美元，利用40倍，将其清算水平定为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，他将该职位扩大到7,764 BTC，将名义价值提高到8.3亿美元，并将其新的平均入场券定为105,033美元，以实现更接近的缓冲区至清算价格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，他将曝光率进一步增加到9,371.71 BTC，将该职位推高到10亿美元的门槛以上，平均入场券为108,005美元，并显示了1071万美元的利润。

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.

当天晚些时候，永利关闭了2,139 BTC，获得了1,192万美元的实现利润，5,203 BTC仍然活跃，价值5.546亿美元。

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.

他跟进了10,200 BTC的新鲜长期，为108,065美元，这使得比特币头寸在其峰值上的高峰期高于50亿美元的名义，因为加密货币触及了111,900美元，将未实现的收益提高到3900万美元。

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.

但是动量很快扭转了。 5月23日，特朗普总统宣布对欧盟进口税率达到50％的关税后，4％的下降将比特币降至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.

永利的回应是，以2518万美元的收益结束了一个单独的百事可乐（PEPE）职位，并将其比特币长至11,588 BTC，为108,243美元，将他的新清算水平定为105,180美元。

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

该决定被证明是昂贵的。 5月25日，他以107,746美元的价格退出了该职位，预订了1339万美元的亏损。

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，他转向了一个简短的策略，将比特币头寸扩展到7,967.83 BTC，价值8.56亿美元，清算价格定为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以其大胆的交易风格而闻名，该风格涉及高杠杆作用，并旨在实现巨大的收益或迅速的损失。

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.

后来，他于5月26日退出了价值超过10亿美元的BTC短职位，在15小时内损失了约1587万美元。

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

他还在一周内关闭了以太坊（ETH）和SUI（SUI）朗格（Sui）（SUI），又损失了530万美元。

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

在7天内的总水位约为6000万美元。

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日的一篇文章中承认了这一挫折，他说，尽管损失损失，但他的帐户仍然从3-400万美元的原始基数中持有2500万美元的利润。这一数字比他早期的8700万美元的高峰急剧下降。

"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."

“在过去一周中，为那些保持得分的人损失了约60万美元。从我开始的地方（3-4万）上涨了25万美元，在过去3个月中的炒作数量约为3-4。”

What makes James Wynn trader different from the average degen

是什么使James Wynn Trader与平均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.

永利开始在2022年的加密货币贸易界获得吸引力，这是在先前的牛市的最后阶段。据报道，他的早期进入该空间是由Alameda Research资助的，Alameda Research当时以支持新兴的加密交易者而闻名。

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，当市值仅60万美元时，他向Memecoin Pepe投资了7,000美元。随着代币的估值上升到420万美元，永利采用了高频交易方法，最终将他的头寸变成2500万美元。

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，永利开始用超流动式交易，首先是465万美元的美元硬币（USDC）。在接下来的两个月中，他在平台上执行了38次交易，主要关注比特币和内存，例如佩佩，特朗普官方（特朗普），