Earned 460,000, lost 220,000. Although it shows a liquidation, Chuanmu's overall profit is still around 240,000 U.
Looked at the settlement order, Chuanmu lost this round by not continuing the previous breakthrough with heavy buying but instead chose to keep testing the top and shorting. Although the trading style remains the same and steady, adhering to the principle of immediately stopping losses without hesitation when there are floating losses, unfortunately, constant shorting and repeated stop losses led to multiple stop losses stacking up, resulting in a yield drop to 0, indicating liquidation.
This is different from those scammers who cause liquidation by offering high returns to attract followers. Those scammers inflate their returns themselves, and after liquidation, it results in the followers losing all their funds.
However, Chuanmu's following did not involve anyone else; it was a display of his own trading. I said it seems like liquidation, but in fact, the profit and loss still earned 240,000 U. This is a method of withdrawing the principal and profits after making money, leaving some funds to allow for liquidation, which is reasonable.