According to @OnchainLens, the "255 BTC sold" whale has expanded leveraged short positions to a combined 109 million dollars across BTC at 10x and ETH at 15x, holding 751.38 BTC valued at 68.67 million dollars and 12,909.15 ETH valued at 40.79 million dollars, with an unrealized loss exceeding 1.8 million dollars (source: Onchain Lens on X; CoinMarketMan HyperTracker wallet 0x94d3735543ecb3d339064151118644501c933814). @OnchainLens also reported the same wallet’s short book was just over 50 million dollars earlier before scaling to 109 million dollars, indicating rapid position growth in a single wallet’s concentrated short exposure (source: Onchain Lens on X).

According to @dydxfoundation, dYdX Governance approved a BONK integration that enables a community-aligned derivatives deployment powered by dYdX, with 50% of fees flowing to the BONK DAO (source: dYdX Foundation on X, Dec 29, 2025). The same source stated that distribution remains a key theme, highlighting the fee-sharing structure for BONK ecosystem participants (source: dYdX Foundation on X, Dec 29, 2025).

According to @CoinMarketCap, former FTX US president Brett Harrison secured $35 million for Architect to build an institutional trading platform spanning derivatives, equities, futures, and digital assets (source: @CoinMarketCap on X, Dec 25, 2025). The update states the product targets institutional workflows across multiple asset classes but does not disclose investors, a timeline, or a launch date (source: @CoinMarketCap on X, Dec 25, 2025).

According to @simplykashif, a 2025 exchange benchmark reviewed 81 crypto exchanges across more than 100 metrics and indicates stronger regulation and transparency across the industry; source: @simplykashif on X, Dec 23, 2025. According to @simplykashif, Binance received an AA rating and ranked number one in both spot and derivatives in the review; source: @simplykashif on X, Dec 23, 2025. According to @simplykashif, licensing, proof of reserves, and security standards are improving globally, providing traders with venue selection signals for BTC and ETH execution and margin management; source: @simplykashif on X, Dec 23, 2025.

According to @OnchainLens, a whale bought 3,650 ETH worth $10.35M on HyperLiquid and Lighter and simultaneously opened ETH short positions with 20x leverage on both platforms (source: @OnchainLens; CoinMarketMan Hypertracker; LighterPulse). The stated totals imply an average acquisition price near $2,836 per ETH, while the short entries and exact size were not disclosed but can be tracked via the linked dashboards (source: @OnchainLens; CoinMarketMan Hypertracker; LighterPulse). Traders can monitor the wallet and position updates on CoinMarketMan Hypertracker and LighterPulse to track the whale’s ETH short exposure and risk dynamics (source: CoinMarketMan Hypertracker; LighterPulse).

According to @EmberCN, a large crypto whale added 12,405 ETH to long positions about 30 minutes prior to the post, an estimated $35.33M increase based on the stated figures, implying an add price near $2,848 per ETH; source: @EmberCN. The whale’s ETH long stack now totals 203,000 ETH valued at approximately $578M, reflecting concentrated ETH derivatives exposure; source: @EmberCN. The whale’s total long book across ETH, BTC, and SOL is $695M with an unrealized loss of $70.1M, roughly a 10% drawdown on the book; source: @EmberCN.

According to @ai_9684xtpa, the on-chain tracked trader dubbed 1011 flash-crash short now shows aggregate unrealized losses above $74.37M; source: X post Dec 18, 2025 https://x.com/ai_9684xtpa/status/2001465579627266157 and Hyperbot Network trader page https://hyperbot.network/trader/0xb317d2bc2d3d2df5fa441b5bae0ab9d8b07283ae. According to @ai_9684xtpa, ETH-specific unrealized loss is $65.44M, and the ETH position’s stated liquidation price is $2,084.42 with 739.17 of price room remaining; source: X post Dec 18, 2025 https://x.com/ai_9684xtpa/status/2001465579627266157 and Hyperbot Network trader page https://hyperbot.network/trader/0xb317d2bc2d3d2df5fa441b5bae0ab9d8b07283ae. According to @ai_9684xtpa, earlier the same wallet’s drawdown first reached $51.43M with ROI at -39.24% and margin usage at 73.46%; source: X post https://x.com/ai_9684xtpa/status/2000744060139762130 and Hyperbot Network trader page https://hyperbot.network/trader/0xb317d2bc2d3d2df5fa441b5bae0ab9d8b07283ae. According to @ai_9684xtpa, these published metrics such as liquidation level and margin utilization offer reference points traders monitor for ETH short risk management; source: Hyperbot Network trader metrics page https://hyperbot.network/trader/0xb317d2bc2d3d2df5fa441b5bae0ab9d8b07283ae.

According to @ai_9684xtpa, an address labeled 1011 flash-crash short insider holds a 70,001.53 ETH long with an average entry of $3,068.64, showing about $10.21 million in unrealized profit and a notional value near $224 million at the time referenced, based on their X post dated Dec 9, 2025 and the hyperbot.network trader page for 0xb317d2bc2d3d2df5fa441b5bae0ab9d8b07283ae. The same source reports ETH moved from $2,956 to $3,214 around that period, with all figures cited directly from the X post and HyperBot dashboard.

According to @lookonchain, the wallet labeled #BitcoinOG (1011short) increased his ETH long to 67,103.68 ETH valued at $209.8M, with over $4M in unrealized profit and a liquidation price at $2,069.49 (source: @lookonchain). Earlier activity showed he closed 4,513 ETH ($14.06M) for a $305K realized profit and still held a 50,001 ETH ($155.7M) long with $3.4M in unrealized gains before scaling to the current size (source: @lookonchain). For trading, the $2,069.49 liquidation level tied to this $209.8M notional position is a key downside threshold to track for ETH derivatives liquidity and risk management (source: @lookonchain).

According to the source, the U.S. CFTC has launched a pilot program to test tokenized collateral within derivatives markets. Source: @WatcherGuru tweet dated Dec 8, 2025. The source post did not specify eligible assets, margin haircuts, participating DCOs/DCMs, or the start date—details that determine leverage, margin requirements, and capital efficiency. Source: @WatcherGuru tweet dated Dec 8, 2025. Collateral eligibility and haircuts for cleared derivatives are governed by CFTC-regulated clearinghouses and exchanges, which directly affect margin models for futures and swaps. Source: U.S. CFTC overview of Designated Contract Markets (DCMs), Derivatives Clearing Organizations (DCOs), and customer funds and margin requirements. Traders should await a formal CFTC press release or Federal Register notice defining the pilot’s scope and risk controls, and monitor CME-listed crypto futures basis, open interest, and spreads for sentiment shifts tied to regulatory headlines during U.S. hours. Source: CFTC rulemaking and notice process; CME Group product listings for Bitcoin and Ether futures.

According to @glassnode, off-chain crypto market signals were mixed this week, with spot and ETF indicators improving. According to @glassnode, futures and options weakened as leverage and hedging demand declined. According to @glassnode, strength currently sits in spot and ETF, while derivatives continue to soften.

According to @glassnode, Bitcoin rebounded from the mid-$80K region and stabilized near $91K after last week’s drawdown, with buyers active at the lows (source: @glassnode). Conviction remains uneven across on-chain, derivatives, and ETF signals, setting a cautiously constructive but mixed market tone for BTC trading (source: @glassnode). Key trading areas referenced are the mid-$80K buy-support zone and the ~$91K stabilization level for near-term risk management (source: @glassnode).

According to @WatcherGuru, about 100 million dollars in crypto long positions were liquidated in the last 60 minutes, indicating a rapid deleveraging wave that can heighten near-term volatility and slippage across BTC and ETH futures order books; traders often respond by reducing leverage, tightening risk limits, and waiting for funding and open interest stabilization before re-entry. Source: @WatcherGuru on X, Dec 4, 2025.

According to @glassnode, Bitcoin showed early signs of stabilization in Week 49 after a deep oversold slide, with momentum recovering (source: @glassnode). According to @glassnode, sell pressure is beginning to ease across spot and derivatives markets, providing trading-relevant context for short-term positioning (source: @glassnode).

According to Watcher.Guru, $800 million worth of crypto long positions were liquidated in the past 24 hours. According to Binance Academy, a liquidation is the forced closure of a leveraged position when margin requirements are not met. According to Watcher.Guru, the reported total reflects significant deleveraging over the last day.

According to the source, more than 650 million in crypto positions were liquidated during the latest pullback, and BTC erased last week’s gains, highlighting a sharp reversal relevant for short-term traders (source).

According to @OnchainDataNerd, a trader opened an approximately $18.8M short position on ETH at an average entry near $2,991 about 7 hours ago, source: @OnchainDataNerd. The trader closed the position roughly 1 hour later with a realized profit of about $909,000, source: @OnchainDataNerd. The same address shows total realized profits of roughly $10.23M on Hyperliquid, source: @OnchainDataNerd and legacy.hyperdash.com/trader/0x0ddf9bae2af4b874b96d287a5ad42eb47138a902. Based on the reported notional and profit, the implied return on this trade is about 4.8% and corresponds to an approximate $145 move from the $2,991 entry if fully closed, source: @OnchainDataNerd.

According to @OnchainLens, the Bitcoin OG (10/11) trader fully closed a 5x ETH long and realized $782,630 in profit, as disclosed on X: https://x.com/OnchainLens/status/1994247771797479433. On-chain tracking on Hyperbot confirms the position is closed for the referenced address, corroborating the exit: https://hyperbot.network/trader/0xb317D2BC2D3d2Df5Fa441B5bAE0AB9d8b07283ae.

According to @ai_9684xtpa, the whale has executed four consecutive BTC short trades since March 2025 and just reduced 50 BTC in the past hour for $1.175M realized profit; source: @ai_9684xtpa on X, Nov 25, 2025; data reference: hyperbot.network/trader/0x5D2F4460Ac3514AdA79f5D9838916E508Ab39Bb7. The position still holds 1,181.98 BTC in open shorts with $28.17M in unrealized gains; source: @ai_9684xtpa on X; data reference: hyperbot.network/trader/0x5D2F4460Ac3514AdA79f5D9838916E508Ab39Bb7. Cumulative funding fees collected exceed $9.33M, and total 2025 account profit is above $56.34M; source: @ai_9684xtpa on X; data reference: hyperbot.network/trader/0x5D2F4460Ac3514AdA79f5D9838916E508Ab39Bb7. The whale placed 1,300 BTC take-profit limit orders between 67,244 and 67,844, marking a defined execution zone; source: @ai_9684xtpa on X; data reference: hyperbot.network/trader/0x5D2F4460Ac3514AdA79f5D9838916E508Ab39Bb7.

According to @alice_und_bob, they publicly reported being liquidated on Nov 22, 2025, indicating a forced closure of their position. Source: @alice_und_bob on X, Nov 22, 2025. In derivatives and margin trading, liquidation occurs when account equity falls below the maintenance margin and positions are automatically closed to cover losses. Source: CME Group, Futures Margin and Maintenance Margin education. To reduce liquidation risk, traders typically lower leverage, add collateral, and use stop-loss orders while monitoring venue maintenance margin thresholds. Source: Binance Academy, Liquidation and Margin; CFA Institute, Risk Management Basics.