#数字资产市场动态 I came across an interesting on-chain data point.

Whale wallets (0x9eec9) made a very bold move—building a $248 million altcoin long position, only to end up with an unrealized loss of over $28 million. They paid more than $3 million in funding fees alone. As for ETH and XRP longs, they haven't fared much better; only HYPE made a small profit this time.

Let's look at this from a different perspective.

On-chain data is the most honest. Large funds holding such deep unrealized losses and refusing to close positions can only mean one thing—the market volatility is indeed fierce, and many traders with poor mental resilience have already been shaken out. But this whale still persists, paying funding fees without hesitation, clearly betting on a trend reversal.

Historical trends tell us that when such large funds stubbornly hold their positions, it often signals that a market turn is imminent.

Looking at the news side, this whale previously seemed to be on the opposite side of some top-tier institutions. Now, reversing to go long has resulted in losses. What does this indicate? Market sentiment has become extremely polarized; even the so-called "smart money" can get caught off guard.

But this is precisely where the opportunity lies. It’s always been like this—when most people are panicking, real opportunities emerge. Short-term volatility is essentially the market shaking out weak hands, clearing out those with excessive leverage and unstable mindsets.

My view remains unchanged. The crypto market is far from its peak; the overall trend is still upward. This correction is a normal healthy adjustment, especially for mainstream coins like ETH and XRP, which present genuine buying opportunities at this level.

Whales losing money does not mean the trend is broken. On the contrary, it shows that there is support at current levels, and big funds are quietly accumulating. My consistent advice is to hold onto core assets and not be swayed by short-term noise—this cycle is no different, and there’s still plenty of room for profit ahead.

In summary: markets tend to explode out of despair. The unrealized losses look daunting now, but as long as you keep the big picture in mind and hold your positions steady, the pullback itself becomes the best entry point.

Patience and persistence will pay off. If you want to discuss, see you in the comments.