Market Whiplash Victim: Smart Money in the Rollercoaster Sector Surrenders 69% of Total Gains from Past Week, Loses $500,000 in 5 Days

According to PolyBeats monitoring, an account registered in March of this year has lost $500,000 in this round of gains. During the past 5 months, the account has participated in nearly 12,000 swing trades in the mid- to long-term coin price markets, with a total profit of $724,000 before the start of this round of market movement.

Observations show that 69% of the profits given back by this account in this round mainly stem from losses in swing trades and bearish trades. Despite significant losses from bearish trades, the account has not deviated from its original strategy, continuing to buy into the "ETH will fall to $2,300 by August" thesis, currently experiencing a floating loss of about 41%.

The address 0x06dc51826bc524d9a8 invested $5,200, with Ethereum as its most correlated sector in this market, resulting in a net profit of $866,000. The win rate for its 736 settled trades in this sector is 464/736 (63%), with only 1 trade where the buy price was below $0.8 and the sell price was above $0.95.
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