The utility model relates to a revolving body towing fish retracting and releasing device, comprising an installation base, and a plurality of uprights are arranged on the installation base. Installed on the trolley, the mobile hanger is provided with a vibration-damping pulley block and a circular arc guide plate; the installation base is provided with a storage rack, and a swing arm mechanism is provided on both sides of the storage rack to form a crank-slider mechanism. The frame linkage can be placed outside the installation base or inside the installation base; there is also a retractable winch, and the towline on the retractable winch bypasses the vibration-damping roller set of the mobile hanger to connect with the revolving body towfish. The invention provides a revolving body tow fish retracting and releasing device, by adopting the above structure and mechanism, the mobile hanger, the swing arm mechanism, the stern rope, the tow cable, the storage rack and the retracting and releasing winch work together to complete the tow fish recovery ( Actions such as deployment), dragging, water exit, righting, flipping, and storage, so as to smoothly realize the functions of tow fish retraction, towing and storage.