The crypto market sees a resurgence of a standoff between bulls and bears, with bearish traders facing a heavy blow from favourable information from Trump.

Original | Odaily Daily Report (@OdailyChina)

Author｜Wenser（**@wenser 2010 ）

Just like at the beginning of April, Trump once again waved his “market magic wand,” putting on a performance of “strong actions intensifying contradictions, quickly compromising to release good news,” and the crypto market experienced a roller coaster-like fluctuation. Bulls and bears took turns performing, making the crypto market extraordinarily lively. Odaily will summarize the representative whales/institutions of the long and short alliances in this article for readers’ reference.

The bulls take the upper hand, the bears suffer a beating: ETH bulls make a comeback, the head of the bears sees significant profit retracement.

After experiencing a decline in the market driven by previous geopolitical events such as the Israel-Palestine conflict, many bulls are betting on a strong rebound. With the ceasefire agreement reached between Israel and Palestine under Trump’s mediation, the market indeed rebounded as expected, and thus, the bulls began to regain an advantage in the market.

The most unfortunate loser: ETH bulls took action, but shorting BTC resulted in heavy losses.

On June 23, a certain whale deposited 4.28 million USDC into Hyperliquid and opened a long position in Ethereum with a nominal value of 101 million dollars, with a leverage of 25 times and a liquidation price of 2196 dollars. At that time, as the price of ETH rebounded, its cumulative floating profit once reached as high as 1.06 million dollars.

Whale Order Information

Subsequently, the whale chose to place a limit order when the ETH price was $2255, ultimately making a profit of $1.36 million, and after deducting $87,000 in fees, the net profit was $1.27 million.

But unexpectedly, the whale opened a short position on BTC with 40x leverage, and ultimately had to frequently close positions to stop losses under the stimulus of the “Trump favorable” news. Currently, the 40x BTC short position of this address has an unrealized loss of about $970,000, while its overall loss has increased to about $3.56 million, making it the “most miserable trader.”

Address: 0x916Ea2A9f3ba1DDD006C52Babd0216E2AC54eD32

ETH Smart Money: 10x Short ETH, Profit Drawdown 5 Million USD

If you want to trade ETH contracts, then this address is undoubtedly one of the indicators that must be paid attention to. As we mentioned earlier in the article “Is the Bear Market Here? A Grand Showcase of Crypto Investment Strategies Amid Geopolitical Conflicts,” this address has hit ETH lows and highs multiple times in the past two months, making a staggering 20 million dollars in just one month.

Currently, this address still holds a 10x leveraged short position on ETH, with a position size of up to 40,000 ETH and a nominal value of around 96 million USD, while its floating profit has retreated from over 20 million USD to around 15.6 million USD.

Address: 0xcB92C5988b1D4f145a7B481690051F03EaD23a13

58 tokens shorting: profit retracement of 4 million dollars

Previously, a certain whale/institution that shorted 58 cryptocurrencies (including BTC, ETH, SOL, XRP, PEPE, FARTCOIN, DOGE, AAVE, HYPE, etc.) on Hyperliquid saw its floating profit decrease from 21.34 million dollars to the current 16.17 million dollars. The number of losing positions among the 58 short orders also increased from 2 to 5, among which:

• HYPE short position accumulated unrealized loss of 4.7 million USD;
• MKR short position floating loss of 20,000 US dollars;
• WIF short position floating loss of 15,000 USD;
• AAVE short position unrealized loss of $56,000;
• Neiro short position unrealized loss of 1800 USD.

Address: 0x45d26f28196d226497130c4bac709d808fed4029

Legendary Trader AguilaTrades: Multiple trades went against the market direction, losing 34 million dollars in 30 days.

Previously, trader AguilaTrades increased his BTC long position to over 400 million dollars at 19:30 on June 20, when the BTC price was around 106,000 dollars. After that, the BTC price declined all the way down, reaching a low of 102,340 dollars, and AguilaTrades encountered a pullback for the third time after a large increase in position.

Legend has it that AguilaTrades is known as “Little James Wynn”. Previously, it frequently opened positions, both long and short, with floating profits exceeding 3 million dollars at one point. However, in the end, its high-frequency trading could not withstand the volatile and fluctuating crypto market. According to Hypurrscan data, its losses over the past 30 days amounted to around 34 million dollars.

The latest data shows that its most recent long position was closed at 4:11 PM, resulting in a profit, with a cumulative profit of approximately 1 million dollars over 24 hours.

Address: 0x1f250Df59A777d61Cb8bd043c12970F3AFE4F925

Shorting 16 tokens: profit retracement of nearly 4 million dollars

Previously, the “short-selling king” who shorted 16 altcoins on Hyperliquid also faced his own “stage Waterloo” —

Its floating profit has significantly retreated from the previous 9.68 million dollars to 5.72 million dollars, with a cumulative floating loss of about 2.48 million dollars over 24 hours;

Despite this, currently, 15 out of its 16 positions are still in a profit state, with only HYPE’s 3x short position suffering a loss of about 2.05 million USD.

Address: 0xa312114b5795dff9b8db50474dd57701aa78ad1e

The “overlooked opportunity” of long-short conversion: timely closing short positions to take profits, and then opening long positions again.

According to on-chain analyst Yu Jin’s monitoring, a certain whale took profit by closing BTC and ETH short positions at the lowest point before a rebound at 1 AM, and then bought ETH spot.

At that time, he held a short position worth 62.8 million USD: BTC liquidation price was around 101,400 USD, and ETH was around 2,224 USD, with a total profit of 3.07 million USD.

It is worth mentioning that the whale opened a long position on ETH with 20x leverage again at 3:35 PM, holding 5000 ETH with a notional value of 12 million USD, currently making a small profit.

Address: 0x348bb306e6887d244450cbb9fd608e7f8d0a40b4

BTC shorting giant: closed short profit of 1.695 million dollars, holding 40 times BTC short position

According to on-chain analyst Ai Yi’s monitoring, a whale that has shorted BTC multiple times since March 2025 closed 314 BTC short positions between 00:00 and 01:00 today (almost at the rebound starting point), making a profit of 1.695 million dollars. In the past month, this whale’s total profit has reached 10.048 million dollars.

Currently, the giant whale still holds a 40x leveraged short position in BTC worth 54 million dollars, with an unrealized profit of about 1 million dollars.

Address: 0x5D2F4460Ac3514AdA79f5D9838916E508Ab39Bb7

ETH Quick Shooter: Bought 13.88 million dollars worth of ETH in the early morning.

According to on-chain analyst Ai Yi’s monitoring, a giant whale bought 6,037.24 ETH at an average price of $2,299 during a rapid rebound in ETH prices early this morning, with a transaction amount of approximately $13.88 million.

At present, the ETH price has rebounded to $2,421, and the address has made a floating profit of about $730,000 based on the revised price. However, the address has transferred ETH out to address 0x7C2c5e739dc8351D718C8719Eb8E20D325B2Ff01, and then some of the funds have been deposited into AAVE.

Address: 0x349d6bfb2E0577233359e3734B1d67ef5B37c9d4