A lot of activity erupted in the crypto market on January 15th. An official from a major public chain once stated that the daily active users of a certain public chain were only 8, and there were only 10 transactions per day. This statement caused a huge stir in the community. Interestingly, this controversy instead became a signal for short-selling.

According to on-chain data monitoring, two whales marked as "shorting leaders" in the industry sensed an opportunity. They each established STRK short positions with approximately 5x leverage. This is no small matter — the average entry price for their positions is stuck at $0.0897. In the past few hours, these two institutions have begun to partially close their positions to take profits, with an overall return of about 15%.

This series of actions vividly reflects the on-chain whales' sense of smell. From heated community discussions to capital deployment and quick profit-taking, the entire process took no more than 24 hours. The controversy over the public chain ecosystem, the paradox of market capitalization and activity, and the whales' leverage strategies — these elements intertwine, adding more volatility to the market.