The story of the "inside whale" may be coming to an end: once making $29 million in profit, it lost all its principal and interest
08-07 14:43

According to the monitoring of on-chain analyst Yu Jin, the story of the "insider whale" may have come to an end. It took half a year, from a principal of 3 million US dollars to a profit of 29 million US dollars, but in the end all the principal and interest were lost.

1. In February and March of this year, with only $3 million in capital, he made a series of bold and aggressive trades and bet on the right direction, quickly earning a profit of $26 million. Because of his aggressive trades and quick profits, he was considered to have insider information, hence the nickname "Insider Whale."

2. He started short selling at the end of June, but the market was rising, so he kept losing money - covering his positions - losing money - covering his positions, and finally lost all his profits of 26 million US dollars in mid-July.

3. Starting from August 1, he continued to short sell with a capital of 3 million US dollars, and continued to stop loss and liquidate. Finally, tonight, all the principal was lost.

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