According to @OnchainLens on Jan 19, 2026 via X, a single whale realized $4.21M in losses after liquidating $ASTER and $ETH positions and closing an $AVNT long, source @OnchainLens. According to @OnchainLens, the loss breakdown was $3.74M on $ASTER, $250,010 on $ETH, and $223,429 on $AVNT, source @OnchainLens. According to @OnchainLens, the same wallet then opened a 25x $ETH long worth $11.18M that is currently showing a $138K unrealized loss, with wallet details referenced in the CoinMarketMan Hypertracker link shared by @OnchainLens, source @OnchainLens and CoinMarketMan Hypertracker.

According to CoinMarketCap, Ethereum (ETH) futures trading has surpassed Bitcoin (BTC) on the CME for the first time, marking a notable shift in derivatives market leadership on December 2, 2025. Source: CoinMarketCap. CoinMarketCap also reports that this milestone has fueled market speculation about an ETH 'super cycle' tied to rising adoption and increased volatility; this reflects sentiment rather than a confirmed outcome. Source: CoinMarketCap. Traders can validate and monitor the development by comparing CME-reported ETH and BTC futures volume and open interest in official daily statistics to assess persistence and flow concentration. Source: CME Group.

According to the source, Cboe Global Markets will list perpetual-style Bitcoin (BTC) and Ethereum (ETH) futures on December 15. According to the source, these products offer long-term exposure via 10-year contracts with daily cash adjustments. According to the source, trading will occur on a US-regulated exchange, providing regulated access to BTC and ETH term exposure. According to the source, the structure mirrors perpetual swaps while operating under US regulatory oversight.