Garrett Jin sarcastically explains precise short selling: There aren't that many conspiracies in the world; being bullish in the long term doesn't prevent short selling in the short term.

Jinse Finance reported that Garrett Jin, the whale who accurately shorted before the previous crash and publicly sold over $4.23 billions worth of BTC to switch positions to ETH, stated: Our clients hold a large amount of spot cryptocurrencies, and the short positions before the crash were only partial hedges. If liquidity is sufficient, we could build more positions. Considering the losses in spot positions, clients are actually bearing losses overall. We are optimistic about the crypto market in the long term, but that doesn't mean we won't hedge in the short term. If shorting during price drops is to be condemned, then should longs during price increases also be criticized? Currently, the crypto market is highly correlated with the US stock market. If you don't keep up with the latest information, you'll fall behind. Everyone wants to profit from the market—do you have any expertise or training that allows you to beat the market? If you can't answer that, then you are the source of profit. There aren't that many conspiracies in this world, so stop making excuses for your ignorance and lack of professionalism.