## Whale Address On-Chain Movements at a Glance: Large Positions Hold Firm and Swing Trading Coexist

BlockBeats data shows that on December 17, the on-chain monitoring platform captured the latest position changes of several top accounts. Some remain steadfast in their bullish outlook despite significant losses, while others profitably exit positions through timely rebalancing.

### Swing Trader "pension-usdt.eth" Harvests Bitcoin Profits and Shorts Ethereum

This active swing trader executed a precise position switch within the past 11 hours. First, they cleared all BTC long positions, locking in approximately $1.04 million in gains. Immediately afterward, they opened a 3x leveraged short position in Ethereum, with a position size of about $74.1 million, and an entry average around $2,929. This rapid directional shift indicates the address has a clear view of the recent market trend.

### Large Holder "BTC OG Insider Whale" Still in Trouble, Over $4.5 Billion Unrealized Losses Unmoved

Contrasting with the flexible swing trader strategy, this top account named "BTC OG Insider Whale" continues to hold its massive positions despite severe paper losses. The account currently has over $45 million in unrealized losses and made no position adjustments today.

Ethereum longs suffered the heaviest losses, approximately $39.5 million, representing a 35% decline in that portion of the position. The ETH long position has an average entry price of $3,167, with a total size of about $564 million, making it the largest ETH long holder on Hyperliquid. Additionally, the account holds BTC and SOL long positions with losses. The total position size of the account reaches around $684 million.

### "Ultimate Short" Gains Steadily, Short Positions Continue to Expand

This professional short seller closed a BTC short position of about $8.6 million yesterday, realizing approximately $2.37 million in profit, then withdrew about $5 million. The current BTC short position size is approximately $63.27 million, with unrealized gains of $17.08 million, a 539% increase. The account has lowered the liquidation price of BTC from the original level to around $97,000.

### "Paul Wei" Implements Fine-Tuned Hedging, Capital Utilization Gradually Optimized

This account has slightly adjusted its BTC long and short order ranges, now set between $84,300 and $90,100. Since November 16, the account has accumulated $3,100 in gains. The unrealized loss on BTC longs has narrowed to just 2%, accounting for 17% of the total funds ($100,000), with the remaining funds in pending orders.

### "Calm Order Placer" Stable Operation, Small Account Achieves Daily Profit

This account maintains a total position of $6.8 million through long positions in BTC, ETH, and SOL, with an overall unrealized profit of about $26,000. Over the past 24 hours, realized profit has been approximately $63,000, and the current account balance remains below $300,000.