The various states of whales after the market rebound: some have made a comeback and cashed out, while others continue to increase their positions.

[BlockBeats] December 4 news, the recent market rebound has finally given many bullish whales a glimmer of hope—some have directly turned losses into gains, while others see their paper profits continue to swell. Notably, the “suspected XPL insider” account, which had been inactive for over ten days, suddenly moved today and started opening new long positions.

First, let’s talk about “Brother Machi” Jeff Huang. In the past two hours, he’s been busy rebalancing his portfolio, partially closing long positions in ETH, ZEC, and HYPE. This has been his recent rhythm—close some, then roll back in with new positions. Right now, he mainly holds two positions: nearly $30 million in ETH longs, with a paper profit of $2.03 million (171% ROI); and a little over $3.4 million in HYPE longs, with unrealized gains of $140,000 (43% ROI).

Next, looking at “CZ’s Counterparty,” his ETH longs have finally turned profitable, currently up $460,000. Bear in mind, just two days ago he was down $21 million—quite the emotional rollercoaster. He now holds $168 million in ETH longs at an average entry of $3,201. He also has over $85 million in XRP longs at an average price of $2.29, but that position is still underwater, with a loss of about $3.6 million (-42%). He is currently the largest ETH and XRP bull on the Hyperliquid platform.

The “largest ZEC short” trader has been increasing his short positions over the past three hours. He holds nearly $49 million in ETH shorts, with a profit of $5.5 million (168% ROI); and over $10 million in ZEC shorts, earning $2.01 million (99% ROI).

After more than 10 days of inactivity, the “suspected XPL insider” account finally made a move recently. The account currently has around $24 million in funds, and in the past two hours has opened 5x leveraged ETH longs and 7x leveraged SOL longs, with a total position size of $6.19 million.

Lastly, James Wynn’s 40x leveraged BTC long opened two days ago is now up $240,000 (340% ROI), with a position size of $2.88 million. In the past two hours, he also tried shorting SOL a few times, but these were short-term trades with no open positions left.