TechFlow news, on June 6, according to analyst Yu Jin's monitoring, a whale went long to "pick up bodies" after James Wynn's position was liquidated, but two and a half hours ago, he cut losses by closing his position, giving back $17.08 million in profits.
He twice went long on BTC and ETH after James Wynn's positions were forcibly liquidated, aiming precisely to "pick up bodies": at midnight yesterday when James Wynn’s position was liquidated, he opened a long position; at 1 a.m. today, after James Wynn’s position was again liquidated and closed, he increased his long exposure.
However, as prices continued to fall, two and a half hours ago he chose to close his position at a loss, resulting in a $17.08 million loss on this long bet. After this profit reversal, his earnings over the past 21 days dropped from $30 million to $13 million.
