Recently, several key on-chain accounts have taken interesting actions, revealing completely different attitudes from the bullish and bearish sides in the market.

Let's first look at the main bullish side. The account of the "BTC OG insider whale" has a floating profit that has narrowed to $8.1 million, but the stance remains very steady—no rebalancing, continuing to hold tightly. The ETH long position is the biggest, with a floating profit of $5.5 million, an average price of $3,161, and a total of $713 million invested. He also holds long positions in BTC and SOL, with the entire account's total holdings reaching $874 million. This guy is currently the top ETH and SOL long position holder on Hyperliquid exchange.

Interestingly, the "CZ counterparty" account is currently overall at a floating loss of $12 million. The main loss comes from XRP longs, with a $75.6 million position that has unrealized losses of $13.3 million. However, his ETH long still holds a floating profit of $1.4 million, with a scale of $183 million and an average price of $3,190. The total account size is $264 million. Although at a floating loss, he still maintains the position as the largest XRP long and the second-largest ETH long.

On the bearish side, traders are starting to take profits. The "ZEC largest short" continues to significantly close MON short positions for profit. The MON short position now only has a scale of $1.4 million, but the floating profit has skyrocketed to 120%, earning $560,000. The total short position size is about $166 million, still firmly holding the top spot as the on-chain ETH short position leader.

Even more obvious is the "Shanzhai Air Force Leader," which has been very active recently—its floating profit has expanded to $11.05 million. Last night and this morning, it continuously closed PUMP and MET short positions to lock in profits. Currently, the PUMP short position is down to $4.7 million, with an average price of $0.00258, and the total short position on the account is about $48.1 million. Clearly, this is a rhythm of adding to positions with the trend while steadily taking profits.

The "pension-usdt.eth" account is having a tougher time. Its 3x leveraged BTC long opened on the 16th is now at a floating loss of $3 million, with a position size of $92.76 million, and an average price of $95,600. The loss is still ongoing.

Another interesting player is the "On-Chain Gold Largest Long," which has used 5x leverage to push up a PAXG (on-chain gold) long position. Currently, it has a floating profit of $400,000, with a return rate of 23%, an average price of $4,415, and a position size of $7.02 million. Besides that, it also holds long positions in several on-chain stock tokens, with related holdings totaling about $18 million.

Overall, the bullish side is holding its ground firmly, while the bearish side is actively taking profits. This signal is worth pondering. Everyone has a sense of how the market will move.