This evening, Bitcoin made a strong push to break through the $90,000 barrier, briefly surpassing it around six o'clock, with a quote of $88,793 before the deadline. Ether simultaneously pumped, breaking through $3,000, reaching a peak of $3,017.

However, the liquidity is facing exhaustion pressure by the end of the year, and the profit-taking in the US market continues to apply pressure. Whether Bitcoin can stabilize above the 90,000 mark still needs to be observed. Both bulls and bears are continuing their tug-of-war at this critical position.

Interestingly, just as Bitcoin was rebounding, on-chain data detected that a certain leading whale account had earlier emptied all its Bitcoin long positions and HYPE long positions. Currently, this account only retains a 25x leveraged Ether long position, with a holding size of about 5,400 ETH, and the liquidation price is around $2,795.

According to this week's trading records, this account made a total of 15 trades all in the long direction, with 12 profitable trades and 3 losing trades, resulting in a win rate of 80%. However, despite this, due to the impact of high leverage and position fluctuations, the overall weekly result is still a net loss of approximately $1.46 million.

This case is worth reflecting on for ordinary investors—the judgment of direction does not equal making money; what truly determines account profit and loss is often the leverage multiple and position control. Even if the short-term win rate is very high, if risk is not managed well, a single fluctuation can wipe out all gains.