Deep Dive into the Yushu Contract: Address Profits Exceed $1 Million: On the verge of liquidation multiple times, starting in June, with a stroke of luck, turned losses into gains

BlockBeats News, August 19th, according to TradingBeats (formerly Hyperinsight), the road to profit for the whale address on Trade.xyz has not been smooth. In fact, the address lost nearly a million dollars in the perpetual contract market in February last year, the account was emptied, and remained dormant for six months.

The turning point came in late March 2026. An external address, 0x6b9e, began continuously transferring large amounts of USDC to this address, with a total of over $8,000,000 transferred. As a result, its trading volume surged after April 2026, but the process was still not smooth: from April to May 2026, its perpetual trading accumulated a loss of $1.51 million—this was also the deepest drawdown in the address's history.

The real turnaround occurred at the end of May and the beginning of June. During this period, the whale shorted Bitcoin and went long on HYPE, making profits of $738,000 and $700,000 respectively in each trade, thus starting its comeback journey.

However, the address's shining moments were all concentrated in the on-chain stock market. Looking at its trading history, the whale made a total of 11 trades on the Intel contract, with a win rate of 63.64%, and a total profit of over $820,000. In trades on the TreeTech contract, the address established abnormally large long positions—holding over 30,000 units at one point, with a nominal value exceeding $4,000,000, and then gradually closed positions in the price range of 130–140 dollars. As of the time of writing, this trade has yielded a profit of over $1.3 million.