#巨鲸动向必看
As of December 19, 2025, 7:00 AM, a quick overview of the core movements of crypto whales (data source: Lookonchain, Arkham, Whale Alert):
🐳 BTC Whale
- Long-term holders are amplifying selling pressure, with a net outflow of approximately 3200 BTC from large addresses (≥1000 BTC) in the last 24 hours, concentrated around the $85,000 mark, continuing a five-year selling peak.
- A dormant whale transferred about 2000 BTC, suspected to be unlocking a cold wallet, which may impact liquidity in the short term.
- The "BTC OG Whale" continues to reduce BTC and increase ETH, exchanging 502.8 BTC for 14,500 ETH in the last 20 hours, reallocating to the ETH ecosystem across chains.
🦈 ETH Whale
- Leveraged short position added: A whale invested $10.35 million to buy 3650 ETH and opened a 20x leveraged short position on HyperLiquid, with bearish sentiment intensifying.
- Large borrowing accumulation: The #66kETHBorrow whale borrowed 85 million USDT and deposited 38,576 ETH (about $119 million) on Binance, accumulating coins against the trend.
- Institutional-level transfer: 24,186 ETH (about $6.892 million) transferred to Cumberland, with 22,756 ETH flowing into the Coinbase institutional wallet, possibly for options hedge preparation.
🐬 SOL and Altcoin Whale
- The "1011 Short Whale" increased holdings by 51,600 SOL, with a total position of 301,600 coins, overall long positions exceeding $700 million, average price of $135.2, currently floating a loss of $3.42 million.
- The SHIB whale transferred 469 billion SHIB (about $3.64 million) to OKX, possibly preparing for a concentrated sell-off.
📊 Market Signals
- Whale long-short divergence is intensifying, with ETH leveraged shorts coexisting with spot accumulation, BTC mainly reducing holdings and reallocating, while SOL is adding positions against the trend.
- Large capital flows to institutions and derivatives platforms, possibly to hedge against the $23 billion BTC options expiration next Friday.
