#数字资产市场动态 Longs make big profits, shorts also profit, but the one losing is you

Recently, I came across a set of on-chain data during Christmas, and it was quite eye-opening. The top three whales holding ETH are experiencing unrealized losses of nearly $80 million. Meanwhile, dedicated short-selling teams during the same period have earned $83 million in two months.

On the surface, this looks like a battle between bulls and bears, but in reality, that's not the case.

The logic behind the whales' unrealized losses is clear. Large funds typically follow a long-term allocation strategy, and short-term fluctuations are just "wear and tear" costs they can afford to bear. On the other hand, the profit-making shorts? They operate with strict discipline, only taking positions in areas they are familiar with, with risk control measures in place. Each side plays their own game, with their own set of rules.

What about you? When longs get liquidated, you cut losses and run; when shorts take off, you chase in again, resulting in constant bouncing back and forth. In the end, you become the market's "ATM." The problem is never about choosing the wrong direction; it's that you have no direction at all—no strategy, no discipline.

Making money in the crypto world has never been so simple. Going long or short? That's too naive. What does the market truly reward? Clear positioning, strong execution discipline, and risk tolerance aligned with your strategy. Those whales are giving you a lesson with their huge gains and losses—are you still paddling naked in the water?

Now that the market is so polarized, what you lack most isn't prediction accuracy but self-awareness. First, figure out who you are and what you can do, then start experimenting. Wealth doesn't come from rushing through doors; the crypto market relies on cognition and time accumulation, not shortcuts or luck.