PANews, July 21 news, according to Ai Yi's analysis, a smart fund that previously leveraged $2.82 million to profit $14.81 million in USDe has recently encountered unrealized losses due to shorting a basket of altcoins, with cumulative losses reaching $12.48 million. Before May of this year, the shorting strategy performed excellently, but with the recent sharp rise in the market, this strategy quickly gave back profits. This fund adopted a shorting approach of 'high market cap with large positions, low market cap with small positions,' holding long positions only in BTC and AAVE, while only 38% of the other 26 short positions are in profit. Among these, the single loss from XRP reached as high as $9 million, becoming the main source of loss.
