smartestmoney.eth: Transferring ETH to the exchange is for long positions, not selling to stop losses

In response to the operation of depositing a large amount of ETH to CEX to cut losses, smartestmoney.eth said that this was not a sell stop loss. The purpose of transferring ETH to the exchange was to go long on the currency standard. He usually transferred ETH back to the on-chain wallet after the income was credited. Recently, he posted on X: "I use CoinM (reverse perpetual contract) as a last resort to double my long position, which usually brings me the highest win rate, the best entry point and the most profit." Earlier today, according to the monitoring of on-chain analyst @ai_9684xtpa, smartestmoney.eth (@smartestmoney_) chose to cut losses. He established a position of 8,127 ETH between June 19 and 21, and deposited 3,000 of them (worth $10.27 million) to Binance an hour ago. If he sold all of them, he would lose nearly $400,000, and the remaining 5,127 would still result in a floating loss of $750,000.