#数字资产市场动态 Whale moves again, and this round of actions is worth watching

On December 29th, on-chain data captured an interesting phenomenon: a top whale went from long to short on SOL, making a profit of $58,300 in one move. But the reverse move was even more aggressive—shorted ETH with 18x leverage, committing $46.07 million in positions, currently with an unrealized loss of $7100; at the same time, they also shorted BTC with 20x leverage, holding a $77.05 million position, with a loss of $16,200.

Such large positions entering the market cannot go unnoticed. Especially on core trading pairs like ETH and BTC, in the short term, they can indeed cause price fluctuations. But to put it another way, the market is constantly switching between gains and losses every day, and whales are not invincible—unrealized losses are proof of that.

So what should retail traders do at this point? Here are some truths:

**First, don’t follow blindly.** Even whales have times of losing money. Small funds chasing after big moves will only get wiped out faster. Diversify your positions and avoid going all-in on a single coin.

**Second, be cautious with leverage.** High leverage like 18x or 20x can amplify gains, but risks also multiply. Slight adverse movements can lead to liquidation. If you don’t have enough risk buffers, it’s best not to mess with this.

**Third, stay tuned to the market but don’t get hijacked.** Monitoring on-chain activity is valuable, but final trading decisions should be based on your own risk tolerance. Everyone’s capital and risk preferences are different.

Opportunities in the crypto space are plentiful, but survival is key to making money. Stay disciplined, proceed steadily, and find your rhythm amid volatility—that’s the long-term winning strategy.