According to @EmberCN, a whale added to longs about 30 minutes ago, lifting total long notional to $613 million on Hyperliquid at 2.5x leverage with $11.55 million unrealized profit (source: X post https://x.com/EmberCN/status/1999377159727776085; source: Hyperbot trader page https://hyperbot.network/trader/0xb317D2BC2D3d2Df5Fa441B5bAE0AB9d8b07283ae). The current position set is 151,000 ETH long at $3,185 entry, 1,000 BTC long at $91,506, and 212,000 SOL long at $137.3 (source: Hyperbot trader page https://hyperbot.network/trader/0xb317D2BC2D3d2Df5Fa441B5bAE0AB9d8b07283ae; source: @EmberCN on X). Earlier, @EmberCN reported a $110 million USDC top-up to Hyperliquid roughly three hours prior and a $555 million total long at 2.3x leverage with $8.95 million unrealized profit (source: X post https://x.com/EmberCN/status/1999277359690928172; source: Hyperbot trader page https://hyperbot.network/trader/0xb317D2BC2D3d2Df5Fa441B5bAE0AB9d8b07283ae). In total, @EmberCN states the trader is deploying $230 million in capital to run these leveraged perps on Hyperliquid (source: X posts above; source: Hyperbot trader page).

According to @EmberCN, a whale who initially opened ETH longs with USD 120 million has increased the ETH long to 140,000 ETH, and the price did not continue to drop (source: @EmberCN on X, Dec 12, 2025). According to @EmberCN, three hours ago the same address deposited 110 million USDC to Hyperliquid and added new long positions in BTC and SOL (source: @EmberCN on X, Dec 12, 2025). According to @EmberCN, the trader is now using roughly USD 230 million in capital to hold about USD 555 million of long exposure on Hyperliquid at an estimated 2.3x low leverage (source: @EmberCN on X, Dec 12, 2025).

According to @EmberCN, FTX/Alameda redeemed 194,800 SOL worth about $25.52 million from staking and distributed the tokens to 26 addresses roughly four hours before the report. According to @EmberCN, most of the receiving wallets subsequently send SOL to Coinbase or Binance, indicating a recurring exchange inflow pattern that traders track for supply dynamics. According to @EmberCN, this action follows a mid-month routine observed since November 2023 where the FTX/Alameda staking address repeatedly redeems and transfers SOL using the same process.

According to @EmberCN, after ETH fell below the whale’s prior $3,177 cost basis tied to a $120M ETH long, the whale’s unrealized gains were fully given back, and roughly 20 minutes before the post the whale added 20,000 ETH, bringing the long to 140,000 ETH (~$444M) with a $3,179 average entry (source: @EmberCN on X, Dec 11, 2025: https://twitter.com/EmberCN/status/1999135253965967679). These figures quantify the whale’s current ETH long exposure and cost basis for traders tracking large flow (source: @EmberCN on X, Dec 11, 2025: https://twitter.com/EmberCN/status/1999135253965967679).

According to @EmberCN, Plume deployed regulated, institutional-grade strategy vaults on Ethereum (ETH) mainnet in early November as part of a multi-chain expansion, and a few days ago deployed five Nest strategy vaults on Solana (SOL) [source: @EmberCN on X, Dec 11, 2025]. According to @EmberCN, the issuers of these vaults include WisdomTree, Hamilton Lane, and BlackOpal, confirming institutional participation across ETH and SOL [source: @EmberCN on X, Dec 11, 2025]. According to @EmberCN, this establishes specific counts and venues for institutional DeFi activity, with five new vaults on Solana and prior deployment on Ethereum for traders tracking network-level flows and issuer involvement [source: @EmberCN on X, Dec 11, 2025].

According to @EmberCN, a whale or institution swapped 1,469 BTC into 43,647 ETH via THORChain over the past half month, implying roughly $131 million in notional with an average ETH execution price near $3,000, providing concrete size and pricing for traders to reference. source: @EmberCN on X, 2025-12-11 According to @EmberCN, the ETH acquired from BTC was consolidated about 11 hours ago into several wallets, including 0x192Bf73BD9a9EB4cE606800e56f5411a576832ec, giving specific on-chain destinations to monitor. source: @EmberCN on X, 2025-12-11

According to @EmberCN, the position has been increased to 120,000 ETH with an average entry price of $3,177, representing approximately $393 million in exposure; source: @EmberCN on X, Dec 11, 2025. Based on the disclosed 120,000 ETH size, each $1 move in ETH/USD changes unrealized PnL by about $120,000; source: @EmberCN on X, Dec 11, 2025. The $3,177 level is the stated breakeven reference for this position; source: @EmberCN on X, Dec 11, 2025.

According to @EmberCN, Ethereum treasury Bitmine BMNR received 33,504 ETH, approximately $112 million, from FalconX about two hours ago, source: https://twitter.com/EmberCN/status/1998914500934971424. The involved wallets are listed on Arkham Intelligence for verification at https://intel.arkm.com/explorer/address/0x4E6524E7A22961D55e0c5f523dF8E740275B67Af and https://intel.arkm.com/explorer/address/0xfc5e6F1c3c5c8fc2eBdc9321EC6EeA4e57f5C185, source: Arkham Intelligence. Traders can track any subsequent transfers from the receiving wallet to exchange-labeled addresses via Arkham to monitor near-term liquidity flows, source: https://intel.arkm.com.

According to @EmberCN, a whale who deployed 120 million USDC to go long ETH in recent days added 20,000 ETH (about $66.42 million) overnight, bringing the long position to 100,000 ETH valued around $335 million, with a $3,158 average entry and approximately $16.73 million in unrealized profit as reported on X on Dec 11, 2025 (source: @EmberCN). The data indicates the position was in profit at the time of the post (source: @EmberCN).

According to @EmberCN, HTX’s December proof of reserves shows USDT holdings rose from $1.35 billion in November to $1.76 billion in December, a $410 million increase, source: HTX Proof of Reserves dashboard for December 2025. Overall reserve totals were largely unchanged month over month, indicating the key delta came from USDT, source: HTX Proof of Reserves dashboard for December 2025. HTX recently ranked second among centralized exchanges by net inflows, which aligns with the reported USDT build on the exchange, source: DeFiLlama exchange net inflows data accessed December 2025 and @EmberCN’s post summarizing the flows.

According to @EmberCN, an ETH long trader nicknamed Maji now shows about $1.35 million in unrealized profit after ETH’s overnight rebound, following an earlier liquidation that wiped returned profits, providing a real-time snapshot of leveraged positioning in Ethereum (ETH) futures. source: @EmberCN on X, Dec 10, 2025. According to @EmberCN, the trader began rolling long positions around $2,840 on Dec 2, printed approximately $2.84 million in profit by Dec 4, then saw those gains erased and the account liquidated during a pullback on Dec 6. source: @EmberCN on X, Dec 10, 2025. According to @EmberCN, the current liquidation price on the trader’s rolling long is $3,212, which was only about $100 away from spot at the time of posting, highlighting how the liquidation threshold has risen with increasing position size. source: @EmberCN on X, Dec 10, 2025.

According to @EmberCN, a whale who began longing ETH at $3,048 transferred 50,000,000 USDC to Hyperliquid to add to the position, totaling 120,000,000 USDC in deposits over two days (source: X post by @EmberCN and the linked tracker at hyperbot.network/trader/0xb317D2BC2D3d2Df5Fa441B5bAE0AB9d8b07283ae). The address is now long 81,000 ETH with $269M notional at a $3,108 average entry, with unrealized profit of $17.72M as of the latest update (source: @EmberCN citing hyperbot.network/trader/0xb317D2BC2D3d2Df5Fa441B5bAE0AB9d8b07283ae). Traders can monitor $3,048 and $3,108 as whale entry references when evaluating ETH perp order flow on Hyperliquid (source: entry levels reported by @EmberCN from hyperbot.network/trader/0xb317D2BC2D3d2Df5Fa441B5bAE0AB9d8b07283ae).

According to @EmberCN, Plume Network was listed on Coinbase on Dec 9, 2025. Source: @EmberCN (X, Dec 9, 2025). The project added a KRW trading pair on Upbit on Nov 26, 2025. Source: @EmberCN (X, Dec 9, 2025). On Dec 5, 2025, after an initial test on the Ethereum (ETH) mainnet, five regulated institutional strategy vaults went live on Solana (SOL). Source: @EmberCN (X, Dec 9, 2025). This timeline provides traders with confirmed venues and deployment milestones: Upbit KRW pair (Nov 26), Solana institutional vaults (Dec 5), and Coinbase listing (Dec 9). Source: @EmberCN (X, Dec 9, 2025).

According to @EmberCN, MicroStrategy (MSTR) purchased 10,624 BTC at an average price of $90,615 last week, totaling approximately $962 million (source: @EmberCN). According to @EmberCN, MicroStrategy now holds 660,624 BTC valued at about $59.82 billion, with a reported average cost basis of $74,696 and unrealized profit of $10.473 billion (source: @EmberCN). According to @EmberCN, Ethereum treasury firm BitMNR (BMNR) also increased its ETH holdings around $2,978 last week, with the quantity not visible in the provided excerpt (source: @EmberCN). For trading, BTC participants can mark $90,615 (reported purchase price) and $74,696 (reported average cost) as reference levels, and note the add represents roughly 1.61% of MSTR’s stack based on the figures shared (source: @EmberCN). For ETH, ~$2,978 can be used as a treasury-linked reference zone based on the reported activity (source: @EmberCN).

According to @EmberCN, a Solana whale/organization moved 100,000 SOL (about $13.57M) to Binance roughly 20 minutes ago, source: @EmberCN; Arkham Intelligence. The same address has deposited a cumulative 615,000 SOL (about $107M) to Binance since its April unlock, with an average transfer price of $175, source: @EmberCN; Arkham Intelligence. The address still holds 733,000 SOL (about $99.16M) and has accrued 357,000 SOL in staking rewards over approximately 4.5 years, source: @EmberCN; Arkham Intelligence. The wallet originally received 991,000 SOL from a Solana non-circulating supply address in April 2021, and is tracked on Arkham at address 7VMTVroogF6GhVunnUWF9hX8JiXqPHiZoG3VKAe64Ckt, source: @EmberCN; Arkham Intelligence.

According to @EmberCN, a whale moved 70 million USDC into Hyperliquid and opened a long position worth 166 million USD in Ethereum totaling 54,000 ETH at an average entry price of 3,048, source: @EmberCN and hyperbot.network. According to @EmberCN, the position’s current unrealized profit is approximately 0.91 million USD at the time of reporting, source: @EmberCN and hyperbot.network. According to @EmberCN, the trader address and real-time position details can be monitored on the Hyperliquid analytics page on hyperbot.network, source: @EmberCN and hyperbot.network.

According to @EmberCN, a looping-loan whale was liquidated for 32,000 AAVE at 101 USD during the Oct 11 drawdown; source: @EmberCN on X. The same address resumed accumulation on Nov 24, spending 14 million USDC to buy 80,900 AAVE at a 173 USD average; source: @EmberCN on X. Per the DeBank profile for address 0x372cae7fa19b81a9786a9081704ea1e2dad576b7, the address currently holds approximately 333,000 AAVE; source: DeBank 0x372cae7fa19b81a9786a9081704ea1e2dad576b7. According to @EmberCN, the blended cost is 167 USD and the liquidation price is 117.7 USD, with position value around 62.59 million USD; source: @EmberCN on X.

According to @EmberCN, a trader began rolling an ETH long from 2,840 with 500,000 dollars, saw equity peak at 3.34 million dollars when ETH hit 3,200, but the raised liquidation price to 3,000 led to two liquidations after ETH dipped below 3,000, cutting equity to 730,000 dollars and leaving the remaining position within 42 dollars of liquidation, source: @EmberCN on X; hyperbot.network/trader/0x020ca66c30bec2c4fe3861a94e4db4a498a35872. The same trader later redeployed 500,000 dollars at a 2,910 average long, with equity rising to 2.04 million dollars and profit at 1.54 million dollars as ETH reclaimed above 3,000, with a liquidation price at 2,881, source: @EmberCN on X; hyperbot.network/trader/0x020ca66c30bec2c4fe3861a94e4db4a498a35872. Last week, the trader ran 1.00 million dollars to 2.08 million dollars but lost gains when ETH fell from 3,000 to 2,700, highlighting tight liquidation buffers on high leverage, source: @EmberCN on X; hyperbot.network/trader/0x020ca66c30bec2c4fe3861a94e4db4a498a35872.

According to @EmberCN, ETH mainnet gas dropped to 0.025 gwei, putting a simple L1 transfer around $0.0017, while major L2 fees are in the $0.0055 to $0.0079 range, about 3 to 5 times higher, source: @EmberCN on X. These fee levels materially reduce execution costs for on-chain spot moves, arbitrage, and DeFi rebalancing, lowering breakeven spreads for small-size transactions and strategy rotations, source: @EmberCN on X. With L1 momentarily cheaper than L2 for low-gas operations, traders can compare all-in costs and selectively route simple transfers and low-complexity swaps on mainnet to improve net pricing, source: @EmberCN on X. Lower priority fees at such gas levels can dampen realized validator tips, which may modestly affect ETH staking strategy carry assumptions during low-activity windows, source: @EmberCN on X. Actionable setup: set tight max fee caps well below 1 gwei to lock in cheap execution and batch transactions during these low-cost periods while validating route selection against the quoted $0.0055 to $0.0079 L2 ranges, source: @EmberCN on X.

According to @EmberCN, a whale borrowed 5,000 ETH (about $15.66 million) from Aave in the past two hours, sending 4,000 ETH to Binance and 1,044 ETH to Bybit, signaling an intended short via centralized exchange deposits. Source: @EmberCN on X; DeBank wallet debank.com/profile/0xfc09d8c9a63670702c2de876ff95608ab971dcd6. After the ETH hit CEXs, the entity withdrew 12.45 million USDT from Binance roughly 40 minutes later, matching the value of the 4,000 ETH deposit, which the author interprets as the sale likely executed. Source: @EmberCN on X. For trading impact, this reflects at least $12.49 million of spot sell flow on Binance and up to $3.26 million routed to Bybit as reported, levels traders can track against order book liquidity for ETH. Source: @EmberCN on X. Traders can also monitor the DeBank address for loan activity and subsequent ETH or USDT movements to assess if the short is being adjusted. Source: DeBank wallet debank.com/profile/0xfc09d8c9a63670702c2de876ff95608ab971dcd6.