The fall of a whale: From $200M profit to just $53—this is the brutal truth of 'profits and losses coming from the same source' Looking at Garrett Jin's account, suddenly my shrinking wallet doesn’t hurt as much. Last October, he perfectly timed the crash with short positions, raking in $200M and becoming a legend in the crypto world. Today, all his long positions got wiped out in one go. Due to high leverage and heavy positions, his losses reached $250M. Current high-liquidity account balance: $53 Ironic? Not really. This is exactly the logical loop of high-leverage strategies: over-reliance on one-sided market trends makes profits and losses share the same risk structure. When volatility overflows, forced liquidation will ruthlessly end it all.