Going from "zero" to 85m and then back to zero must be painful. As a trader, imagine the self-doubts going forward, even as a skillful one. I don't know the story, but he might very well need to start doing something else, because it is something one might not recover from, more than financially.
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I heard they've started trading again, and lost another $3M, the person is probably a whale and loves gambling more than taking profit
Someone who doesn't take profit at 85m and then, after losing everything and making 3m again, doesn't take profit, probably doesn't need money... As you said, he may treat this a gambling.
I've been taking a lot at the twitter account of this fellow and he's been doing a lot of damage control by saying he was chasing billions in dollars and not millions instead.
Without an initial significant investment? That's gambling, for sure, no matter how good he is!