BlockBeats news, on July 21, according to on-chain analyst Ai Yi (@ai_9684xtpa), it was monitored that 'smart money that spent 2.82 million USD to leverage 14.81 million USDe profits' has a floating loss of 12.48 million USD from shorting a basket of altcoins.

It only goes long on BTC and AAVE, with only 38% of the 26 tokens short positions in a floating profit state, accumulating a floating loss of 12.48 million USD, with a single floating loss of 9 million USD for XRP alone.