2025-12-25 02:40:13

#比特币流动性 Christmas Holiday On-Chain Spectacle Continues🎄

December 25th, on-chain address data monitoring revealed an interesting phenomenon — during the holiday, most major holders chose to "wait and see," but their positions are more aggressive than ever.

The most hardcore is an address linked to a former senior executive of a leading exchange. This individual has been holding a floating loss of $48 million for a week without moving, with a main long position showing over $41 million in unrealized losses. The total account size is $720 million, still firmly ranking first among ETH longs on Hyperliquid.

Following closely is a "benchmark influencer" account, which employs a dual long strategy on ETH and XRP, with a combined unrealized loss of over $30 million — this week, it has also remained unmoved. Currently, it is the largest XRP long and the second-largest ETH long on Hyperliquid.

There is also the account pension-usdt.eth, which uses 3x leverage to go long ETH, with a position size of over $8.8 million. The loss is relatively moderate, and the liquidation line is still some distance away.

But the market is never short of tough players. An "ultimate short" account has become the big winner of the Christmas holiday — a BTC short position with an unrealized profit of $12 million (return +548%). It has already realized $57 million in profits this month, with take-profit orders in the range of $67,000–$76,000.

Even more exaggerated is a "shanzhai short leader," which has earned $83.14 million in less than two months through multi-asset short operations. It remains the largest short holder on ASTER.

This is the true picture on the chain: some grit their teeth and hold on despite huge losses, while others quietly harvest profits. The crypto market during Christmas holiday is more exciting than you might imagine.

BTC0.27%

ETH-0.48%

XRP-0.53%

ASTER1.87%

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Gm_Gn_Merchant

· 7h ago

Wow, this is the true spirit of a hodler. Still sleeping soundly with a floating loss of 48 million, I really admire that. The short sellers made 57 million. This holiday was truly not wasted. That's why I never go all-in unilaterally. Looking at these big players, everyone has their own way of doing things.

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RooftopVIP

· 7h ago

Damn, this short seller guy made a killing, with a 548% return rate, taking off directly.

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DefiPlaybook

· 7h ago

This is the gap. Some people can bear losses based on faith, while others have already jumped in early to harvest the bears. --- Still comfortably sitting at the top with a floating loss of 48 million. This guy is either a true believer or numb to being trapped. --- Looking at this data, I really understand what "the game of the wealthy" means. Our wool-harvesting profits can't compare to their daily fluctuations. --- The pension account with 88 million only uses 3x leverage. Now that's professional risk control. Compared to some chasing 500% annualized returns, I am speechless. --- Ultimate short position with 548% profit. The current question is, how to be sure he's not the next main character to get exposed? --- On-chain data shows real-time psychological games of big players, much more exciting than just looking at candlestick charts. --- Not leaving the market during holidays is the real tough guy move, indicating these positions are really just pocket change for them. --- Earning 83.14 million in two months? I need to think about whether I should change my strategy. This net profit beats all liquidity mining by a mile.

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SerumSqueezer

· 8h ago

Wow, this short seller winner is really incredible, a 548% return. How did I not see this coming? These big players holding positions must have incredible mental strength. They can sleep soundly with a 48 million floating loss? Speaking of which, short sellers are even more ruthless. Looks like next time I should think the other way around.

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ForkMaster

· 8h ago

Looking at these data points is truly amazing. A former executive with a 720 million position stubbornly holding against a 48 million unrealized loss... I just want to ask, is this faith or has the betting agreement taken effect? Over the past few years of raising kids, I’ve also learned to "wait and see," but that only feels comfortable when you're winning. The short seller leader with a 548% return—are they really making money during a timeline I don’t know about?

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