According to TechFlow, on December 7, a significant Ethereum holder, identified as pension-usdt.eth, has opened a leveraged long position involving 20,000 ETH. The transaction was executed at a price of $3,040.92 per ETH, with a liquidation price set at $1,190.66. This move was monitored by the on-chain analysis platform Lookonchain. The whale's decision to utilize a twofold leverage indicates a strategic approach to capitalize on potential market fluctuations.
#PIPPIN $PIPPIN my biggest loss so far. A tough lesson learned. Funny how this chart reminded me of losing someone I loved everything run so fast, and you can’t do anything but watch. PIPPIN taught me what a real loss feels like. And it still hurts 😭🔫 holding back my tears 💔
Bullish, the crypto exchange that owns CoinDesk, has filed for an IPO aiming to raise up to $629 million at a $4.2 billion valuation. This comes as multiple crypto firms seek to go public amid the market rally. Industry majors including BitGo, Grayscale have filed for IPOs as well, while exchanges Kraken and OKX are also in talks to follow suit.
💬This could signal a new wave of crypto IPOs and further institutional adoption. Will the success of crypto IPOs like Bullish pave the way for more blockchain companies to go public?
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Bitcoin recently set a new all-time high of about US$126,000 on October 6, 2025.
Since then, it has pulled back significantly: it dropped to below ~US$107,000 in some sessions.
The broader cryptocurrency market saw major liquidations — exchanges and derivatives platforms reported that around US$19 billion of positions were wiped out.
Prior to the pull-back, global crypto ETFs had record inflows (~US$5.95 billion in one week) around early October, correlated with the high.