#数字资产市场动态 On-chain whales are busy again

On December 29th, the market has some details worth noting. Starting with the big players— a well-known institution has increased its ETH long positions again in the past two days, reaching a scale of $24 million, with an average price of $2,973.44. On the other side, a newly appeared wallet address is quite hardcore, directly accumulating 7,714 ZEC, equivalent to $4.12 million.

Whale withdrawal actions are frequent. Someone withdrew 2,218 ETH from a major exchange in one go, worth $6.52 million. Such moves usually indicate either holding positions or some trading activity. Later, a new address withdrew 600 BTC from the same platform, totaling $53.84 million— the larger the number, the higher the market attention.

The story of token unlocks is also unfolding. This week, tokens like HYPE, ZORA, and SUI will undergo large unlocks. Hyperliquid officially clarified that today, 1.2 million HYPE tokens will be unstaked, and the remaining will be distributed to the team on January 6th. However, a whale reacted quickly, first selling 100,000 HYPE, then using a TWAP strategy to long 500,000 LIT.

Mining difficulty is expected to continue rising in January, reaching around 149T, with difficulty adjustments ongoing. Michael Saylor released new data on Bitcoin trackers, and the market is speculating whether he plans to increase his BTC holdings again. Pump.fun’s buyback efforts haven't stopped; the total buyback amount has already exceeded $220 million.

Funding issues are a bit painful. Over the past 9 weeks, spot Bitcoin ETF net outflows have approached $6 billion, and the US spot Ethereum ETF also saw net outflows of $102 million last week. However, analysis from 10x Research suggests that Bitcoin and Ethereum may reverse to an upward trend in January. On the macro front, the probability of the Federal Reserve maintaining interest rates in January next year is 81.2%.

Finally, 120 million USDT moved from a stablecoin platform into a major exchange’s liquidity pool. What does this mean— you decide.

$BTC | $ETH | $SOL