Ethereum Drops Below $3,000

**December 8 Update** Per Coinbob Popular Address Monitor, Ethereum (ETH) dipped below $2,900 overnight before rebounding higher. The "BTC OG Insider Whale" (address 0xb31) capitalized on the dip to build an ETH long position, adding up to **$166 million** with an average entry price of $3,048. The position currently holds an unrealized profit of ~$940,000 and a liquidation price of $1,795.34. Since 11 PM yesterday, the whale has transferred **$70 million** from its Binance wallet to Hyperliquid, then opened a **5x-leveraged ETH long position**—its largest position in nearly 30 days. ### Prior Activity The whale executed swing trades on ETH on November 25 and 29: going long first, then short, for a small profit, before fully closing positions on November 30. On December 1, associated addresses (0xf6f, 0xF74, 0x411) collectively borrowed **$220 million USDT** from Aave and sent the funds to a Binance wallet. The 0xf6f address collateralized over 126,000 ETH that day, whe

On Dec. 8, per Ashes Monitor data, a whale opened a 5x leveraged long position on 1.38M HYPE tokens at an average price of $38.6 each (total ~$41.36M). The whale currently holds an unrealized loss of $12.01M, with a liquidation price of $23.7. ### Notes on U.S. language habits for crypto/finance alerts: 1. **Abbreviations**: Uses `Dec.` (month abbreviation), `M` (million) for brevity (common in fast-paced alerts). 2. **Conciseness**: Avoids redundant phrases (e.g., "per data from" → "per Ashes Monitor data" for flow). 3. **Clarity**: Highlights key metrics (total value, loss, liquidation price) with natural phrasing (no overly formal structure). 4. **Accuracy**: Keeps all critical details (leverage, token quantity, prices) intact without fluff.

On December 8, Token Unlocks data showed that several tokens—including APT, CHEEL, LINEA, and BB—will undergo one-time large-scale unlocks this week. Key details: - **Aptos (APT):** ~11.31 million tokens unlock on December 11, representing 0.83% of total supply (valued at ~$19.23 million). - **Cheelee (CHEEL):** ~20.81 million tokens unlock on December 13, accounting for 2.86% of total supply (valued at ~$10.82 million). - **Linea (LINEA):** ~1.38 billion tokens unlock on December 10, making up 6.76% of total supply (valued at ~$10.75 million). - **BounceBit (BB):** ~29.93 million tokens unlock on December 9, comprising 3.42% of total supply (valued at ~$2.55 million). This follows standard U.S. financial/tech news brevity, with clear bullet points and conversational phrasing for quick scanning.

On December 8th, Dark Pool DEX HumidiFi officially announced its new token public sale will launch tomorrow at 11:00 PM Beijing Time.

Cointelegraph reported on December 8 that as Bitcoin enters the fourth year of its halving cycle, other decentralized projects are beginning to roll out similar supply-reduction mechanisms. Bittensor—launched in 2021—is now gearing up for its first halving. Bittensor is a decentralized, open-source machine learning network made up of specialized "subnets" that power an AI service marketplace via incentive structures. The network is poised for its first halving around December 14, when issuance of its native token, TAO, will drop from 7,200 tokens daily to 3,600 tokens daily. Grayscale Research analyst William Ogden Moore noted this event marks a "key milestone in the network’s maturity" as it advances toward its 21 million-token supply cap—aligning with Bitcoin’s fixed supply ceiling.

On December 8, Onchain Lens monitoring data indicates that the Ethena Labs wallet address withdrew another 25 million ENA tokens (valued at roughly $7.05 million) from Bybit 13 minutes ago. Currently, the wallet holds 779.89 million ENA, with an approximate total value of $207.7 million.