On-chain data tracking shows that the battle between bulls and bears heated up again on January 5th. The latest movements of several heavyweight whale addresses are worth paying attention to.

The giant whale account known for early BTC deployment has its unrealized profit expanded to $17 million, with ETH long positions being the most core — approximately $650 million in size, an average price of $3,147, with unrealized gains of $11.95 million, successfully turning from loss to profit. Besides ETH, this account's long positions in BTC and SOL are also in profit, with an overall holding size of about $815 million, currently ranking first in ETH, BTC, and SOL longs on a major perpetual trading platform.

Meanwhile, another well-known long account's unrealized losses are narrowing. This account has an unrealized loss of about $2.46 million on ETH, with a position size of $183 million; but its position in XRP reaches $83.7 million, with an unrealized loss of $5.45 million. Currently, this account is the largest XRP long on the trading platform and the second-largest ETH holder.

The short camp is not idle either — a major player focusing on ZEC shorts has recently taken new actions. Over a seven-day window, the short forces led by a prominent short address have accumulated about $20 million in short positions, while the account labeled "pension-usdt.eth" has heavily opened short ETH.

Who will dominate the market — bulls or bears — remains to be seen in the upcoming market trend.