Four large whales once made nearly 200 million USD, but now have lost all profits and even their principal

According to monitoring data from on-chain analyst Ember, four large whales including James Wynn, "insider trader" @qwatio, AguilaTrades, and "long ETH rolling capital" – previously recorded a peak profit of up to 197.7 million USD – have now lost all profits, even their principal investment.

The common points of this group are:

• Style: using a rolling capital strategy from virtual profits to increase positions.

• Process: once achieved enormous profits thanks to leverage from this capital flow.

• Outcome: virtual profits gradually evaporated, leading to total losses and negative initial capital.

This case once again demonstrates the high risks of the rolling capital strategy in the highly volatile crypto market.