Understanding data is key to understanding direction.

By querying the on-chain whale dynamics in the market, I found that although there was a cleansing after 1011, the overall whales are still shorting more than going long. However, the fees have remained positive, which indirectly indicates that retail investors are more inclined to go long. This also explains why the main players are not in a hurry to pump the market. See Figure 1 for details.
By observing the operations of the insider trader with a 100% win rate (1011), his position data is profitable, but the fees are negative, indicating that he holds a bullish view on the current market situation. This reflects a judgment of direction rather than a fee arbitrage.
However, I noticed the trader with the highest position in Figure 3 - his short positions in BTC and ETH are at a loss... but he has made an astonishing 15.29 million US dollars in BTC fees and 12.25 million US dollars in ETH fees... the combined fee income has already offset the losses from his positions - indicating that this address's whale does not completely focus on market direction. In other words, if the market continues to oscillate, his fee income will soon exceed his position losses. If he chooses to cut losses and exit, you might think he is at a loss, but in reality, he is making a profit. This is the truth!
At the same time, he holds short positions in multiple altcoins, most of which are in profit, including XPL and ASTER with earnings exceeding 21 million dollars... If the market starts to rise, he can choose to close the short positions on the altcoins to realize profits, and even if he still holds short positions in BTC and ETH, his fee income will further expand...
And this is what a master is!
Wanting to make money in this hellish market is definitely not based on intuition, nor on luck, and even less on watching the square every day to see how each KOL is shouting!
Quoting a statement from the futures trading god "Ake": Every trader who can achieve great results spends their time and energy on developing independent thinking and enhancing their cognition. Those who rely on others to make money will ultimately give it back to the market...