{"id":13626,"date":"2025-10-16T14:00:10","date_gmt":"2025-10-16T14:00:10","guid":{"rendered":"https:\/\/www.coinspeaker.com\/fr\/?p=13626"},"modified":"2025-10-16T12:52:42","modified_gmt":"2025-10-16T12:52:42","slug":"james-wynn-liquidation-4-8m","status":"publish","type":"post","link":"https:\/\/www.coinspeaker.com\/fr\/james-wynn-liquidation-4-8m\/","title":{"rendered":"James Wynn encore liquid\u00e9 : 4,8M$ partis en fum\u00e9e"},"content":{"rendered":"<h2>Positions ouvertes mardi, \u00e9cran rouge mercredi<\/h2>\n<p>Selon Lookonchain, Wynn a charg\u00e9 mardi pour environ 4,8 M$ de positions \u00e0 <a href=\"https:\/\/www.coinspeaker.com\/fr\/guides\/contrat-perpetuel-crypto\/\">effet de levier<\/a>, en posant \u00e0 peine 197 000 dollars de collat\u00e9ral. La configuration parle d&rsquo;elle-m\u00eame.<\/p>\n<p>Un long 40x sur 34 BTC valoris\u00e9 autour de 3,85 M$, un long 10x sur 122 000 000 de KingPepe, \u00e0 peu pr\u00e8s 917 000 dollars et un long 10x sur 712 HYPE d&rsquo;environ 28 000 dollars. Il venait de pr\u00e9venir son audience qu&rsquo;il revenait \u00ab pour reprendre ce qui lui appartient \u00bb.<\/p>\n<p>Le march\u00e9 lui a r\u00e9pondu d\u00e8s le lendemain, liquidation apr\u00e8s liquidation.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"474\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">James Wynn(<a rel=\"noopener noreferrer\" target=\"_blank\" rel=\"noopener nofollow sponsored\" href=\"https:\/\/twitter.com\/JamesWynnReal?ref_src=twsrc%5Etfw\">@JamesWynnReal<\/a>) just got liquidated again! \ud83d\ude2c<\/p>\n<p>It seems every time he returns to <a rel=\"noopener noreferrer\" target=\"_blank\" rel=\"noopener nofollow sponsored\" href=\"https:\/\/twitter.com\/hashtag\/Hyperliquid?src=hash&amp;ref_src=twsrc%5Etfw\">#Hyperliquid<\/a> to open new positions\u2026 it doesn\u2019t take long before he gets wiped out.<a rel=\"noopener noreferrer\" target=\"_blank\" rel=\"noopener nofollow sponsored\" href=\"https:\/\/t.co\/UykZYUrjIB\">https:\/\/t.co\/UykZYUrjIB<\/a> <a rel=\"noopener noreferrer\" target=\"_blank\" rel=\"noopener nofollow sponsored\" href=\"https:\/\/t.co\/DHb3NKQKHi\">pic.twitter.com\/DHb3NKQKHi<\/a><\/p>\n<p>&mdash; Lookonchain (@lookonchain) <a rel=\"noopener noreferrer\" target=\"_blank\" rel=\"noopener nofollow sponsored\" href=\"https:\/\/twitter.com\/lookonchain\/status\/1978483470226862479?ref_src=twsrc%5Etfw\">October 15, 2025<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>\u00c0 l&rsquo;issue de la s\u00e9ance, <a href=\"https:\/\/hypurrscan.io\/\" target=\"_blank\" rel=\"\">HypurrScan<\/a> n&rsquo;affichait plus qu&rsquo;un peu plus de 63 000 dollars sur le wallet associ\u00e9. Pas besoin d&rsquo;aller plus loin pour saisir l&rsquo;ampleur de l&rsquo;erreur de taille.<\/p>\n<p>Les perps r\u00e9compensent la patience et la <strong>marge abondante<\/strong>. Ils ex\u00e9cutent sans \u00e9tats d&rsquo;\u00e2me ceux qui confondent conviction et exposition maximale.<\/p>\n<h2>Levier, microstructure et absence de filet de s\u00e9curit\u00e9<\/h2>\n<p>Il ne s&rsquo;est rien pass\u00e9 d&rsquo;extraordinaire sur le plan technique. La microstructure punit ce genre de placement \u00e0 chaque cycle.<\/p>\n<p>Une position 40x exige un contr\u00f4le millim\u00e9tr\u00e9 de la volatilit\u00e9, une marge disponible pour encaisser les \u00e0-coups et des ordres d\u00e9finis \u00e0 l&rsquo;avance. \u00c0 d\u00e9faut, la moindre variation d\u00e9favorable transforme une ligne en perte.<\/p>\n<p>Le d\u00e9tail qui f\u00e2che tient dans la s\u00e9quence. Wynn a tout empil\u00e9 la m\u00eame journ\u00e9e, avec un capital tampon trop mince et des actifs h\u00e9t\u00e9rog\u00e8nes.<\/p>\n<p>Le march\u00e9 a simplement fait son travail, d&rsquo;autant plus vite que la profondeur s&rsquo;est \u00e9claircie sur les moments d&rsquo;affluence. Quand l&rsquo;\u00e9lasticit\u00e9 augmente, l&rsquo;impact d&rsquo;ordre s&rsquo;amplifie, la marge fond et la <strong>liquidation s&rsquo;enclenche<\/strong>.<\/p>\n<p>Les plateformes de perps rendent tout cela visible en direct. On voit la courbe du wallet d\u00e9crocher, les prix de liquidation se rapprocher, les appels de marge devenir inop\u00e9rants quand la vitesse s&rsquo;installe.<\/p>\n<p>Les traders aguerris calibrent l&rsquo;attaque en respectant une r\u00e8gle simple : survivre d&rsquo;abord, encaisser ensuite.<\/p>\n<h2>Un passif lourd\u2026 et document\u00e9<\/h2>\n<p>Ce n&rsquo;est pas un \u00e9pisode isol\u00e9. En mai, Wynn avait d\u00e9j\u00e0 \u00e9t\u00e9 liquid\u00e9 pour environ <a href=\"https:\/\/www.coinspeaker.com\/fr\/guides\/meilleure-plateforme-crypto\/\">100 millions de dollars<\/a> apr\u00e8s une chute de BTC vers 105 000, avant de revenir avec un autre ordre \u00e0 100 millions qui a connu le m\u00eame sort.<\/p>\n<p>L&rsquo;int\u00e9ress\u00e9 avait m\u00eame mis son audience \u00e0 contribution pour recharger, puis s&rsquo;\u00e9tait bri\u00e8vement \u00e9clips\u00e9 d&rsquo;X. La r\u00e9putation qui l&rsquo;accompagne aujourd&rsquo;hui n&rsquo;est pas n\u00e9e d&rsquo;un coup de malchance.<\/p>\n<p>Elle s&rsquo;est construite au fil d&rsquo;allers-retours g\u00e9ants o\u00f9 les gains non r\u00e9alis\u00e9s laissent place \u00e0 des pertes r\u00e9alis\u00e9es d\u00e8s que les carnets se vident.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"474\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">\ud83d\udea8JUST IN: HYPERLIQUID WHALE NAMED JAMES WYNN LIQUIDATED FOR NEARLY $100M AFTER BITCOIN BRIEFLY DROPPED BELOW $105K &#8211; HYPURRSCAN<\/p>\n<p>&mdash; BSCN (@BSCNews) <a rel=\"noopener noreferrer\" target=\"_blank\" rel=\"noopener nofollow sponsored\" href=\"https:\/\/twitter.com\/BSCNews\/status\/1928327346903191574?ref_src=twsrc%5Etfw\">May 30, 2025<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Cette m\u00e9moire de march\u00e9 compte. \u00c0 chaque retour annonc\u00e9, des desk traders surveillent la m\u00eame s\u00e9rie d&rsquo;indicateurs : taille de l&rsquo;open interest sur les paires cibl\u00e9es, distance du prix de liquidation, funding et <strong>profondeur r\u00e9elle<\/strong> c\u00f4t\u00e9 bid.<\/p>\n<p>Il suffit d&rsquo;un titre anxiog\u00e8ne, d&rsquo;un spread qui s&rsquo;\u00e9largit ou d&rsquo;un algorithme qui l\u00e8ve le pied pour que l&rsquo;\u00e9quation redevienne insoluble pour une position surdimensionn\u00e9e.<\/p>\n<h2>Ce que retient le march\u00e9 de cette nouvelle sortie de route<\/h2>\n<p>L&rsquo;\u00e9pisode confirme une \u00e9vidence que les bull markets font parfois oublier. Le levier n&rsquo;est pas un multiplicateur de talent, c&rsquo;est un <strong>multiplicateur de cons\u00e9quences<\/strong>.<\/p>\n<p>Un trader peut d\u00e9fendre une th\u00e8se directionnelle solide et se faire sortir par la microstructure s&rsquo;il surestime sa tol\u00e9rance aux secousses. Le march\u00e9 n&rsquo;a pas d&rsquo;opinion.<\/p>\n<p>Il ex\u00e9cute des r\u00e8gles. Les perps ne pardonnent pas l&rsquo;exposition maximale lorsque la liquidit\u00e9 se r\u00e9tracte, que les stops glissent et que la marge ne couvre pas la m\u00e8che.<\/p>\n<p>Pour les personnes qui suivent ce feuilleton, l&rsquo;enseignement est pragmatique. Rien ne remplace une <a href=\"https:\/\/www.coinspeaker.com\/fr\/guides\/effet-de-levier-100\/\">taille adapt\u00e9e<\/a> et des pare-feux op\u00e9rationnels. Sur des actifs secondaires, la profondeur n&rsquo;autorise pas l&rsquo;h\u00e9ro\u00efsme.<\/p>\n<p>Sur Bitcoin m\u00eame, un 40x exige une perfection d&rsquo;ex\u00e9cution que peu maintiennent dans la dur\u00e9e. James Wynn, lui, a rappel\u00e9 malgr\u00e9 lui que la c\u00e9l\u00e9brit\u00e9 on-chain ne prot\u00e8ge de rien.<\/p>\n<p>Les captures d&rsquo;\u00e9cran racontent des fortunes en devenir. Les journaux de transactions racontent des bilans. Entre les deux, il y a un bouton \u00ab close \u00bb que les \u00e9motions vous emp\u00eachent parfois d&rsquo;atteindre.<\/p>\n<hr \/>\n<p><strong>\u00c0 lire aussi :<\/strong><\/p>\n<ul>\n<li><a href=\"https:\/\/www.coinspeaker.com\/fr\/cathie-wood-hyperliquid-solana\/\" rel=\"\">Cathie Wood : \u00ab Hyperliquid me rappelle Solana \u00e0 ses d\u00e9buts \u00bb<\/a><\/li>\n<li><a href=\"https:\/\/www.coinspeaker.com\/fr\/paxos-imprime-pyusd-par-erreur\/\" rel=\"\">Paxos imprime 300 trillions PYUSD par erreur, et les br\u00fble aussit\u00f4t<\/a><\/li>\n<li><a href=\"https:\/\/www.coinspeaker.com\/fr\/app-thumzup-dogecoin\/\" rel=\"\">L\u2019app ThumzUp veut payer ses users en Dogecoin<\/a><\/li>\n<\/ul>\n<a class=\"infinscroll_next_page_link\" style=\"display:none\" href=\"https:\/\/www.coinspeaker.com\/fr\/bitcoin-hyper-pret-pour-envol-ultime\/\" rel=\"prev\">next<\/a>","protected":false},"excerpt":{"rendered":"<p>Le trader degen le plus connu du Crypto Twitter s&rsquo;est fait liquider une fois de plus. En 24 heures, James Wynn a perdu plus de 4,8 millions de dollars, confirmant une m\u00e9canique bien connue du march\u00e9 quand l&rsquo;ego pr\u00e9c\u00e8de la gestion du risque.<\/p>\n<p>Des perps surdimensionn\u00e9s, une m\u00e8che d\u00e9favorable, puis l&rsquo;\u00e9cran passe au rouge. \u00c0 l&rsquo;arriv\u00e9e, une le\u00e7on vieille comme le monde : plus la marge est fine, plus la sanction est imm\u00e9diate.<\/p>\n","protected":false},"author":200,"featured_media":13631,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-13626","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-actu"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>James Wynn encore liquid\u00e9 : 4,8M$ partis en fum\u00e9e<\/title>\n<meta name=\"description\" content=\"Le trader high-leverage James Wynn a \u00e9t\u00e9 liquid\u00e9 d\u2019environ 4,8 M$ un jour apr\u00e8s avoir rouvert des positions agressives. 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Le DIY, pour moi, c\u2019est comme la crypto : comprendre, tester, construire soi-m\u00eame.","url":"https:\/\/www.coinspeaker.com\/fr\/author\/emmanuel\/"}]}},"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/www.coinspeaker.com\/fr\/wp-json\/wp\/v2\/posts\/13626","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.coinspeaker.com\/fr\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.coinspeaker.com\/fr\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.coinspeaker.com\/fr\/wp-json\/wp\/v2\/users\/200"}],"replies":[{"embeddable":true,"href":"https:\/\/www.coinspeaker.com\/fr\/wp-json\/wp\/v2\/comments?post=13626"}],"version-history":[{"count":3,"href":"https:\/\/www.coinspeaker.com\/fr\/wp-json\/wp\/v2\/posts\/13626\/revisions"}],"predecessor-version":[{"id":13644,"href":"https:\/\/www.coinspeaker.com\/fr\/wp-json\/wp\/v2\/posts\/13626\/revisions\/13644"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.coinspeaker.com\/fr\/wp-json\/wp\/v2\/media\/13631"}],"wp:attachment":[{"href":"https:\/\/www.coinspeaker.com\/fr\/wp-json\/wp\/v2\/media?parent=13626"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.coinspeaker.com\/fr\/wp-json\/wp\/v2\/categories?post=13626"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.coinspeaker.com\/fr\/wp-json\/wp\/v2\/tags?post=13626"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}