Currently, PROFIT maintains a pattern of short-term fluctuation. Although overall market sentiment has recovered somewhat and long-side liquidity has marginally improved, the market lacks sustained upward momentum. Temporary support mainly comes from increased risk appetite (specific support area is 1.220–1.260). Due to mainstream capital taking profits and an increase in large short positions, the downward pressure is significant. High-leverage short positions are concentrated, raising liquidity risks. Technically, the short-term range is converging; pay attention to the effectiveness of the mid-term moving average support (around 1.180) and whether recent highs are broken. Investors are advised to remain cautious and observe, closely monitor changes in short positions and key moving averages. Act or increase positions only after the trend becomes clear.

Recent on-chain and derivatives data indicate signs of broader market sentiment recovery, with some liquidity returning to the long side. While there are not yet sufficient sustained signals to confirm the start of a bull market, the short-term uptick in risk appetite should provide marginal buying support for mid-to-small cap assets such as PROFIT. Investors should watch whether key levels in the broader market remain above support zones to decide whether to enter or increase positions.

CryptoQuant analyst Darkfrost noted on January 4 that the cryptocurrency market is beginning to improve, urging caution against dismissing this trend prematurely. While more data is needed for definitive conclusions, some trend changes are starting to emerge, making this a critical time to pay close attention.

Analysis: The crypto market is beginning to improve, with some trend changes gradually becoming apparent.

Several heavyweight traders have significantly closed positions after achieving target profits, especially with Bitcoin and other major assets. Such profit-taking behavior may intensify short-term correction pressure. The spillover effect of this wave of profit-taking will also weigh on PROFIT, making it difficult to rally quickly in the absence of clear positive signals. It will be necessary to wait for a confirmation of a new round of bullish momentum.

Trader Eugene Ng Ah Sio has closed most of his long positions for profit, retaining only core Bitcoin longs. Having reached the initial target of $94,000, he is uncertain about the $94,000 to $100,000 range and plans to reconsider entering after a breakout above $100,000. He is satisfied with starting the new year with gains. Previously, he noted good upside potential below $90,000 with clear stop-losses and anticipated increased volatility in January.

Eugene: Closed most long positions to take profit, will consider entering again after breaking $100K.

Trader Eugene has closed most of his positions for profit, retaining only his core long Bitcoin position. He initially targeted $94,000 and noted increased uncertainty about Bitcoin's path before reaching $100,000. Eugene plans to reassess and potentially increase exposure if Bitcoin breaks above $100,000; meanwhile, he prefers to secure year-to-date gains and monitor market strength.

Eugene: Most positions have been closed for profit, only retaining the core long position in BTC.

Renowned bankrupt whale James Wynn increased his BTC long position with 40x leverage to 173.73 BTC (~$16.27M) at an average price of $91,854.3, currently yielding a profit of $315,000. He also boosted his kPEPE long position with 10x leverage to 446,570,069 tokens (~$3.07M), with a profit of $505,000. Wynn had previously lost over $100 million on Hyperliquid six months ago.

Famous bankrupt whale James Wynn increased his long positions in BTC and PEPE, with a total unrealized profit of $820K.

Trader James Wynn increased his funds from $10,000 to a peak floating profit of $940,000 through high-leverage rolling operations. However, due to a recent BTC price callback, his position was liquidated, causing his profit to shrink significantly to $160,000.

James Wynn's current rolling profit has shrunk to $160K USD, with a maximum profit of over $940K USD.

Well-known short sellers are aggressively increasing leveraged short positions on various ecosystems and altcoins, indicating a cautious or even pessimistic view of short-term market trends. If these high-interest short positions are closed for a profit during a correction, they could further squeeze liquidity for mid-to-small cap tokens. This could present significant short-term resistance to PROFIT; pay close attention to changes in short position concentration and related liquidation risks.

The "copycat air force leader" has significantly increased short positions in Solana ecosystem tokens, including PUMP and MET, with holdings exceeding $5 million. The address holds leveraged shorts in PUMP ($4.01M) and MET ($300K), and has also shorted Solana meme coins like PEPE and Fartcoin totaling $1.2 million. Despite market rises, it increased LIT shorts to $14.2 million. Overall, its short positions across 20+ altcoins total $46.7 million, with a cumulative yearly profit of $80 million.

"Knock-off Air Force Leader" opens short positions on coins such as PUMP and MET, shorting the Solana ecosystem, with related holdings currently exceeding $5.00 million.

Recent candlestick observations reveal that PROFIT is consolidating near key moving averages, with volatility narrowing, suggesting that the divergence between bulls and bears hasn't been resolved yet. If the mid-term moving average support fails, a sharp drop to lower support levels is likely; conversely, holding above and breaking recent highs could trigger a new upward trend. One can judge the next direction by observing moving average convergence and changes in trading volume.

The Profit

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