#以太坊大户持仓变化 📊 There's an interesting phenomenon worth observing — the big player who went long against the trend during the 1011 fluctuation now has a quite substantial unrealized profit on their books.

The three main long positions have accumulated unrealized gains exceeding $21.67 million. The current total position size has reached the scale of $819 million, and the position structure is clear at a glance:

$ETH accounts for about 80% of the allocation, with an unrealized profit of $15.39 million; $SOL long positions are valued at $70.52 million, with an unrealized profit of $3.908 million. The logic behind these numbers is — the funding fee cost (about $461,200) has been completely offset by the unrealized gains.

The key point here is: it’s not about relying on luck to hold on until now, but truly enduring through time, position design, and cost management.

Many people look at the results, but few can go back to the moment of the 1011 flash crash to imagine — how panicked the emotions were at that time, how intense the volatility was. Very few dared to take the opposite position at that moment. The real challenge has never been at the moment of opening the position, but whether one can withstand fluctuations, have patience to wait, and avoid losing composure midway.

The question now on the table is: has this cycle finally reached the stage where patience is truly tested?

No predictions, just recording. On-chain data is always the most honest source.