Christmas Holiday Whale Holdings Overview: Longs in Floating Loss, Shorts in Harvest

【Crypto World】As the Christmas holiday approaches, on-chain whale activities are becoming more cautious. According to monitoring data of popular addresses, most top addresses held their positions basically unchanged on December 25th, but the floating losses of accounts drew attention.

BTC OG Insider Whale remains a market focus. This address made a round of profit-taking on the 18th and has not moved since. Currently, the account’s overall floating loss is about $48.2 million. Its main holdings are ETH long positions, approximately $603 million at an average price of $3,147, but with a floating loss of $41.21 million, a loss of 34%. In addition to ETH, it also holds long positions in BTC and SOL, with a total position size of about $723 million. Interestingly, this address has now become the top ETH long position on Hyperliquid — perhaps reflecting the market waiting for this type of large holder’s next move.

CZ Opponent is an interesting nickname, and its holdings are even more intriguing. It has ETH long positions worth about $168 million, with an average price of $2,947, and a floating loss of $13.8 million, with a liquidation price set at $2,669. Even more exaggerated, it also holds a long position in XRP, with a position size of $72.41 million, floating loss of $16.59 million, and a loss rate of 229% — indicating leverage was used. Over the past week, this address has not adjusted its positions, with accumulated floating losses reaching $30.42 million. However, it has secured the top XRP long position on Hyperliquid, and its ETH holdings rank second.

pension-usdt.eth employs a more aggressive 3x leverage strategy, currently holding ETH longs worth about $88.32 million at an average price of $2,967. The liquidation price for the leveraged contract is set at $1,662, with a current floating loss of $700,000. This address ranks third in Hyperliquid’s ETH long positions.

In contrast, short players are doing much better. Ultimate Short has made a fortune by shorting BTC — with a current BTC short position of $43.86 million, floating profit of $12.02 million, and a return of 548%. It has closed positions totaling about $57 million this month, with take-profit orders set between $67,200 and $76,200.

Paul Wei’s BTC long position currently has a floating loss of 2.9%, with holdings only accounting for 12% of total funds, most of which are pending orders. The trigger range for longs and shorts is set between $85,600 and $89,200, and since November 16th, it has accumulated a profit of $3,100.

Shanzhai Short Army Leader is truly an “expert” in shorting. This address has recently focused on shorting, holding short positions in about 13 tokens including HYPE, ASTER, UNI, and ETH, totaling approximately $23.05 million. In less than two months, it has earned $83.14 million from shorting multiple tokens, with the largest short position in ASTER at an average price of $1.19, floating profit of $2.72 million, and a return of 366%. Today, it continues to close positions in XRP, PUMP, and other tokens, having fully closed 8 tokens.

Overall, during the Christmas holiday, there have been no large-scale position adjustments on-chain. Both longs and shorts hold significant floating profits and losses. The movements of these big players often reflect subtle market sentiment changes and are worth continuous monitoring.