In response to Lookonchain, the Bitcoin OG is massively lengthy on Ethereum, the second-largest cryptocurrency by market capitalization, additional growing its bullish wager on the cryptocurrency.
Lengthy-time Bitcoin holders who beforehand held lengthy Ethereum positions at the moment are seen growing them.
In response to Lookonchain, BitcoinOG (1011short) continued so as to add extra ETH longs, growing its place to 120,094 ETH. His liquidation worth is $2,234.69, which continues to be removed from the present ETH worth of $3,193.
Insane!
This #BitcoinOG(1011short) continues so as to add to his $ETH longs.
His place elevated to 120,094 $ETH ($392.5M).
Liquidation worth: $2,234.69 https://t.co/8cChdRN8iP pic.twitter.com/CwOYfgETdO
— Lookonchain (@lookonchain) December 11, 2025
That is in step with the latest accumulation stint seen amongst giant ETH holders. In response to Lookonchain, Tom Lee’s Bitmine bought an extra 33,504 ETH price $112.06 million up to now six hours.
Ethereum patrons are coming again
In response to CryptoQuant, Ethereum taker move on Binance is displaying indicators of restoration, suggesting that taker patrons are returning. Web taker quantity, which tracks the steadiness of energetic patrons and sellers, was -$138 million, a transparent enchancment from -$500 million in late October.
The latest improve in web taker quantity signifies that taker patrons are returning. Though this worth nonetheless stays destructive, its enchancment may pave the best way for upward worth momentum.
On the time of writing, ETH was buying and selling at $3,203, down 3.33% up to now 24 hours, as buyers booked earnings following the Fed’s rate of interest determination and your entire crypto market is buying and selling within the crimson.
Nonetheless, Ethereum taker exercise is altering, with buyer-driven orders rising.
Analysts are highlighting two main assist partitions for Ethereum (ETH): $3,150 when 2.8 million tokens are amassed and $2,800 when 3.6 million tokens are amassed.
Ethereum improves community
Latest Fusaka upgrades have laid the inspiration for continued community progress. PeerDAS (EIP-7594) improve unlocks as much as 8x extra information throughput, decrease rollup blob prices, and extra space to develop.
Yesterday, BPO-1 was activated, growing blob capability to fifteen per block and growing area on Ethereum for L2 with out the necessity for a tough fork. BPO-2, which can additional improve capability, will change into operational in January.
