「Whale」 Increases ETH Long Position 25x to $12.2M, Opening Price $3,190.92

On December 14th, Tom Lee, chairman of Ethereum treasury firm BitMine, said the company has acquired nearly 4% of Ethereum’s total supply—and he believes BitMine will never sell this ETH. Lee added, “Staking this ETH today would generate over $1 million in daily net income.”

On December 14, per Onchain Lens data, a crypto whale has fully closed out its 7x ETH long position, incurring losses of over $3.34 million. Overall, the whale has now lost a total of over $3.62 million.

Glassnode co-founder Negentropic noted on December 14th: "Markets aren’t spooked by tightening (rate hikes)—they’re spooked by uncertainty. The Bank of Japan’s policy normalization has brought clarity to the global funding landscape, even as leverage faces short-term pressure. Yen carry trades have pulled back sharply, and volatility signals opportunity. Bitcoin typically rallies after policy pressure eases—not before. As chaos subsides, signals grow stronger. This looks like a setup for asymmetric upside risk."

On December 14th, Polymarket’s current probabilities for Bitcoin outcomes this year are as follows: - 25% chance Bitcoin rises to $100,000 again; - 4% chance it reaches $110,000 again; - 22% chance it drops below $80,000.

December 14: The cryptocurrency Fear & Greed Index has dropped to 21 today (down from 23 yesterday), per alternative data—keeping the market in "extreme fear" territory. Note: The index ranges from 0 to 100, with components including: - Volatility (25%) - Market volume (25%) - Social media sentiment (15%) - Market surveys (15%) - Bitcoin dominance (10%) - Google Trends (10%)

**Dec 14 – On-chain analyst Murphy noted that some $23.8 billion in Bitcoin options are set to expire Dec 26, including quarterly, annual, and large-scale structured products. This signals the BTC derivatives market will see concentrated risk exposure clearing and repricing by year-end: prices will face structural constraints ahead of expiration, with heightened uncertainty after.** **Data shows heavy Open Interest (OI) clustering near current BTC spot levels at two key points: 14,674 BTC in $85,000 puts and 18,116 BTC in $100,000 calls. These positions aren’t retail-driven—they’re from high-net-worth long-term funds, likely including ETF hedging desks, Bitcoin treasury firms, and major family offices holding large spot BTC.** **$85k puts are buyer-side active positions, reflecting strong demand for downside risk hedging. The heavy $100k call OI, meanwhile, isn’t a bullish signal—it’s long-term funds giving up upside at $100k to lock in current cash flow certainty and risk contro