According to @ai_9684xtpa, since Dec 20 Arthur Hayes shifted from ETH into DeFi tokens and cumulatively withdrew approximately $2.52 million from exchanges, referencing Arkham Intelligence wallet data for the Arthur Hayes entity, which traders often track for whale flows; source: https://twitter.com/ai_9684xtpa/status/2004550896852590734 and https://intel.arkm.com/explorer/entity/arthur-hayes. The reported allocations are 687,000 PENDLE valued at $1.232 million, 1.85 million LDO valued at $1.03 million, and 1.22 million ENA valued at $257,000, with PENDLE representing 48.9% of the disclosed portfolio, indicating a heavy tilt toward PENDLE among the DeFi holdings; source: https://twitter.com/ai_9684xtpa/status/2004550896852590734 and https://intel.arkm.com/explorer/entity/arthur-hayes. The original post notes it is sponsored by Gate Exchange, and provides the Arkham Intel link for direct on-chain verification, which traders can use to monitor subsequent movements and potential exchange inflows or outflows; source: https://twitter.com/ai_9684xtpa/status/2004550896852590734 and https://intel.arkm.com/explorer/entity/arthur-hayes.

According to @lookonchain, the total stablecoin market cap rose by $1.4B during Dec 8–14, 2025, indicating fresh on-chain liquidity, source: Lookonchain on X Dec 15, 2025 https://x.com/lookonchain/status/2000595361946300884. Despite weaker DEX spot and perps volumes, whales and funds accumulated majors, source: Lookonchain on X Dec 15, 2025 https://x.com/lookonchain/status/2000595361946300884. Eight companies increased their BTC holdings by 11,662.78 BTC ($1.03B) while two decreased by 824 BTC ($72.43M), source: Lookonchain on X Dec 15, 2025 https://x.com/lookonchain/status/2000595361946300884. Tom Lee’s Bitmine bought 102,259 ETH worth $321.1M, signaling continued rotation into ETH, source: Lookonchain on X Dec 15, 2025 https://x.com/lookonchain/status/2000560398228201841. Michael Saylor’s entity purchased 10,645 BTC for $980.3M at $92,098, adding to corporate BTC holdings, source: Lookonchain on X Dec 15, 2025 https://x.com/lookonchain/status/2000553434135879697. The trader BitcoinOG increased long exposure in ETH, BTC, and SOL to $692M, source: Hyperdash trader page https://legacy.hyperdash.com/trader/0xb317d2bc2d3d2df5fa441b5bae0ab9d8b07283ae and Lookonchain on X Dec 15, 2025 https://x.com/lookonchain/status/2000595361946300884. The 66kETHBorrow whale added 38,576 ETH ($119.3M), source: Lookonchain on X Dec 14, 2025 https://x.com/lookonchain/status/2000365191142523039. Address 0x9F61 swapped 2,286 BTC (~$199M) for 67,254 ETH over 20 days, source: Lookonchain on X Dec 12, 2025 https://x.com/lookonchain/status/2000007524192547077.