2026-01-17 03:25:22

AXS has increased by 19% in the past 24 hours, but the whale pattern behind it is worth a deep dive. According to on-chain data, the number of bearish whales is 108, with a total position value of 4.69M, while bullish whales number only 44, with a position value of 2.18M. On the surface, bears hold an absolute advantage, but a closer look reveals an issue — the average opening price of these 108 bearish whales is 1.284, while the 44 bullish whales have an average opening price of only 1.209. Even more interesting, the bullish whales are already floating with an 84% profit, clearly indicating that smart money is positioning at the bottom.

Looking at the bearish side, their break-even point is at 0, meaning that although there are many, they haven't formed effective pressure. Currently, AXS is trading at 1.365, with a funding rate of -0.00220762 (bearish traders pay fees), and the overall market sentiment leans bullish. If the price continues to rise, watch for support around 1.30. Consider light long positions, but still wait for clearer signals.

AXS48,29%

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MEVictim

· 01-17 03:52

There are so many short positions but no pressure; smart money has already ambushed the bottom. The gap is too obvious.

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ColdWalletAnxiety

· 01-17 03:48

Smart money has already made their moves, what are we hesitating for? Multiple short positions are meaningless, with zero unrealized gains, who still dares to push the market down? Long positions with 84% profit, what a gap... Wait, should I also start bottom-fishing?

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LayerZeroHero

· 01-17 03:46

It has proven that having a large quantity does not necessarily mean having strong influence. These 108 short whales are full of flaws—opening at a price of 1.284 but with zero profit and loss. In simple terms, they are just trapped bagholders. On the other hand, 44 long whales with 84% floating profit and loss show real technical validation, with obvious signs of bottom positioning.

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MetaMuskRat

· 01-17 03:42

The number of shorts is like multiple hammers, and the key is being trapped. Smart money has already bottomed out. This wave of bulls is about to take off.

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