A trader is really ruthless, holding a Bitcoin short position for a full two months and finally making a furious $12.5 million profit. Even more astonishing, they earned $9.6 million just from funding fees. They also hold a $3.5 million BTCB position—this trading approach is arguably the coldest bandit sniper of the year.

During Christmas days, the market was supposed to heat up, but Bitcoin completely refused to cooperate. BTC was like nailed between $85,000 and $90,000, neither wanting to rise nor fall, grinding investors' expectations to nothing. Everyone was calling for a year-end rebound, but it just refused to move—this stalemate is making everyone's heart feel suffocated.

The truly terrifying part is hidden beneath the surface. The entire market is like a stretched string, ready to snap at any moment. Once Bitcoin surges past $91,584, the short liquidation bomb will instantly explode, causing $1.897 billion in positions to be violently liquidated. Conversely, if it falls below $83,214, the longs won't survive either, with $1.618 billion in longs being wiped out.

The current situation is like walking a tightrope at high altitude, with whales calmly collecting rent and lying back to earn, while traders risking bloodshed on the edge of liquidation. When will this standoff break? No one can say for sure.