According to @ai_9684xtpa, a whale that accumulated 8,550 ETH at an average price of $2,991 about a week ago has started reducing exposure, as tracked via the referenced Arkham Intelligence wallet 0x237B5AD89D6513630B71BbF783C1EdCc84FB6aAb (source: @ai_9684xtpa; Arkham Intelligence). The wallet transferred 3,000 ETH, approximately $8.93 million, to Binance about 10 hours before the post; if sold at current levels at that time, the tranche would realize an estimated $43,000 loss (source: @ai_9684xtpa). From last week’s build, 5,550 ETH remain with an unrealized loss of roughly $46,000, while the broader wallet still holds 22,981 ETH as cited alongside the wallet address on Arkham Intelligence (source: @ai_9684xtpa; Arkham Intelligence).

According to @ai_9684xtpa, the whale who withdrew 77,385.34 ETH at an average $2,835.62 on Dec 1 has shown new activity; timing of movements is within 1.5 minutes of the '10/11 flash-crash short insider' ETH deposit, suggesting but not confirming the same entity, with cumulative exchange deposits reported at 112,894.34 ETH (~$331M). Source: @ai_9684xtpa on X; Arkham Intelligence (0x36ED68c47a007b6D896515070375b3f5AC9BC889; 0x396e52f7Ee3f3b3094BA9DE35932f0B10eBEe54E). The '10/11 flash-crash short insider' address reportedly sent 35,509 ETH (~$104M) to Binance about 20 minutes earlier, and six days ago transferred 100,000 ETH to an exchange without an observable short-term impact on ETH price based on K-line action. Source: @ai_9684xtpa on X; Arkham Intelligence (0x396e52f7Ee3f3b3094BA9DE35932f0B10eBEe54E). For trading, large ETH inflows to exchanges at this scale are closely watched for potential sell-side liquidity and volatility; however, the previously cited 100,000 ETH inflow did not trigger an immediate move, warranting confirmation from order flow and price reaction before positioning. Source: @ai_9684xtpa on X; Arkham Intelligence (addresses above).

According to @CoinMarketCap, Arkham Intelligence data shows investment firm Trend Research increased its Ethereum position to more than 626,000 ETH following a series of buys on Monday, with the holdings valued at over 1.8 billion dollars based on Arkham’s wallet tracking, source: Arkham Intelligence. Arkham’s on-chain labels attribute the accumulation to Trend Research and timestamp the purchases to Monday across multiple inbound transactions to the entity’s wallets, source: Arkham Intelligence.

According to @OnchainLens, Trend Research purchased 18,439 ETH (~$53.99M) from Binance, based on Arkham Intelligence on-chain tracking (source: @OnchainLens; Arkham Intelligence). According to Arkham Intelligence data referenced by @OnchainLens, Trend Research now holds 626,301 ETH valued around $1.83B (source: @OnchainLens; Arkham Intelligence). According to @OnchainLens citing Arkham Intelligence, this confirms continued large-scale ETH accumulation by the labeled whale entity (source: @OnchainLens; Arkham Intelligence).

According to @lookonchain, Bitmine Immersion, ticker BMNR and identified by @lookonchain as associated with Tom Lee of Fundstrat, purchased 44,463 ETH worth about 130 million dollars last week and now holds 4,110,525 ETH valued around 12.02 billion dollars. PR Newswire reports the company stated its ETH holdings reached about 4.11 million tokens and its combined crypto and cash holdings total 13.2 billion dollars. Based on these reported figures from @lookonchain, the weekly addition increased its ETH stack by roughly 1.08 percent and implies an average acquisition price near 2,924 dollars per ETH. These whale accumulation datapoints are relevant for traders monitoring large wallet flows in Ethereum markets, as flagged by @lookonchain and reflected in the PR Newswire release.

According to @ai_9684xtpa, Trend Research withdrew another 5,011 ETH (~$14.68M) from Binance, taking its on-chain holdings to 612,609 ETH valued at ~$1.79B with an average cost of ~$3,109.58 and an unrealized loss of ~$107M, source: X post by @ai_9684xtpa on Dec 29, 2025. The same source reports the wallet previously accumulated 27,598 ETH (~$83.05M) over the past 7 hours, including a 6,748 ETH tranche (~$19.77M) that was deposited into Aave as collateral, source: X post by @ai_9684xtpa and Arkham wallet intel for address 0x8FDC74baD4AA20904a362D4b69434A0Cf4d97f43 at intel.arkm.com/explorer/address/0x8FDC74baD4AA20904a362D4b69434A0Cf4d97f43. Traders can monitor borrow events and transfers from the 0x8FDC… address to gauge any leverage changes tied to this position, source: X post by @ai_9684xtpa and Arkham wallet page for 0x8FDC74baD4AA20904a362D4b69434A0Cf4d97f43.

According to @ai_9684xtpa, Trend Research withdrew 6,748 ETH (about USD 19.77 million) from Binance roughly five minutes before the post and deposited the ETH to Aave as collateral, source: @ai_9684xtpa on X, Dec 29, 2025. According to @ai_9684xtpa, the firm accumulated 27,598 ETH (about USD 83.05 million) over the last seven hours, source: @ai_9684xtpa on X, Dec 29, 2025. According to @ai_9684xtpa, tracked on-chain holdings rose to 607,598 ETH valued around USD 1.77 billion with an average cost near USD 3,111.07 and an unrealized loss of USD 117 million, source: @ai_9684xtpa citing Arkham intel address intel.arkm.com/explorer/address/0x8FDC74baD4AA20904a362D4b69434A0Cf4d97f43. According to @ai_9684xtpa, a separate update shows a 20,850 ETH (about USD 63.28 million) Binance withdrawal in the past hour, followed by staking and a USDT loan of USD 40 million via address 0x8FDC74baD4AA20904a362D4b69434A0Cf4d97f43, source: @ai_9684xtpa on X; DeBank profile debank.com/profile/0x8fdc74bad4aa20904a362d4b69434a0cf4d97f43. According to @ai_9684xtpa, the entity’s five addresses cumulatively hold about 600,850 ETH valued near USD 1.82 billion, with a previously reported 580,000 ETH cost basis around USD 3,150 from @Jackyi_ld implying a new blended cost near USD 3,146 after the latest purchases, source: @ai_9684xtpa on X referencing @Jackyi_ld. According to @ai_9684xtpa, the posts were labeled as sponsored by Gate, source: @ai_9684xtpa on X.

According to Lookonchain, smart trader address pension-usdt.eth closed his ETH short about an hour ago with a realized loss of $3.4 million. Source: Lookonchain on X, Dec 29, 2025. Lookonchain reports the address has completed roughly 70 trades with an 83% win rate and $21.84 million in cumulative profits. Source: Lookonchain on X, Dec 29, 2025. In an earlier update the same day, Lookonchain noted the trader flipped from long to short, closing an ETH long for a $278,000 gain before opening a 3x short on 20,000 ETH, a $58.44 million position. Source: Lookonchain on X, Dec 29, 2025. Lookonchain also shared a Hyperdash link to track the address’s performance in real time. Source: Lookonchain on X, Dec 29, 2025.

According to @lookonchain, the #66kETHBorrow whale identified by Arkham Intelligence as Trend Research bought another 11,520 ETH worth $34.93M on Dec 29, 2025; source: Lookonchain on X https://twitter.com/lookonchain/status/2005514075221250329 and Arkham Intelligence entity page https://intel.arkm.com/explorer/entity/e3f9ef15-6571-481b-b185-7fecbd21a935. @lookonchain also reports the address bought 40,975 ETH ($121M) in the past 5 hours and had previously acquired 528,272 ETH ($1.57B); source: Lookonchain on X https://x.com/lookonchain/status/2003632344641745201. Since Nov 4, cumulative purchases reached 569,247 ETH ($1.69B), of which $881.5M used to buy ETH was borrowed from Aave; source: Lookonchain on X https://x.com/lookonchain/status/2003632344641745201.

According to @ai_9684xtpa, the ETH whale fully exited by selling the final 10,002.4 ETH over the past 10 hours for $29.44 million, signaling the completion of a multi-week distribution cycle, source: @ai_9684xtpa on X. According to @ai_9684xtpa, the wallet has cumulatively sold 50,607.86 ETH since Dec 16 at an average sell price of $2,926.98, realizing $19.33 million in profit, source: @ai_9684xtpa on X. According to @ai_9684xtpa, despite the realized gains, this does not cover the approximately $40 million loss reported for April, source: @ai_9684xtpa on X. According to @ai_9684xtpa, the activity is tied to wallet 0x2802035118f591D3CFA93bdEA1699319466B5c12 as listed on intel.arkm.com/explorer/address/0x2802035118f591D3CFA93bdEA1699319466B5c12, source: @ai_9684xtpa on X.

According to @EmberCN, ETH whale address 0xa339 sold the final 10,000 ETH about three hours ago for roughly USD 29.37 million, completing a 13‑day liquidation totaling 50,600 ETH worth around USD 147 million at an average exit price of USD 2,921, source: @EmberCN on X, Dec 29 2025. These disposals realized approximately USD 19.02 million in profit based on an average cost of USD 2,545 per ETH, including 20,000 ETH acquired near the April price bottom at about USD 1,740, source: @EmberCN on X, Dec 29 2025. The address had previously used looped lending to go long before fully unwinding and clearing the 50,600 ETH position per the reported on‑chain trace, source: @EmberCN on X, Dec 29 2025.

According to Onchain Lens, whale address 0xa339 executed an ETH long via loop borrowing and has sold another 10,002 ETH for $29.38M USDC; in total the whale has sold 50,623 ETH for $147.88M in USDC/USDT at a price of $2,921, realizing an estimated profit of over $15M; related addresses cited are 0x2802035118f591d3cfa93bdea1699319466b5c12 and 0xA339d279E0A3a9EDe11ecEAC2ec9529EeBDAE12C (Source: Onchain Lens on X, Dec 29, 2025).

According to @ai_9684xtpa, a whale wallet has accumulated 38,415.18 ETH since Dec 5, valued at approximately 119 million USD at the time of reporting (source: @ai_9684xtpa). The wallet withdrew 3,997 ETH from OKX around 30 minutes before the post, worth about 11.76 million USD (source: @ai_9684xtpa). The reported average cost basis for the 38.4k ETH is 3,111.38 USD, implying roughly 6.576 million USD in unrealized losses (source: @ai_9684xtpa). Approximately 15 minutes prior to the post, the wallet deposited 15.3 million USDT to an exchange, and the author suggests this could precede additional buys (source: @ai_9684xtpa). On-chain, address 0xce9...57c69 is currently staking 41,523.24 ETH and has borrowed 69.82 million USDT, per the referenced Arkham Intelligence entity page (source: Arkham Intelligence). Traders can track this entity on Arkham to monitor exchange flows and loan exposure that may influence short-term ETH liquidity and volatility (source: Arkham Intelligence).

According to Onchain Lens, Bitmine has staked an additional 84,960 ETH valued at approximately $250 million, lifting its total staked balance to 342,560 ETH worth about $1 billion; source: Onchain Lens on X, Dec 28, 2025, and Arkham Intel entity explorer for Bitmine. According to Onchain Lens, an earlier update referenced 103,424 ETH newly staked and a 257,600 ETH total, indicating that the latest figures reflect a subsequent revision with higher totals; source: Onchain Lens on X. According to Arkham Intel, traders can verify Bitmine-labeled wallets and staking flows in real time via the Arkham Intel entity explorer for Bitmine, enabling direct on-chain confirmation of these deposits; source: Arkham Intel.

According to @ai_9684xtpa, a whale with an estimated $2545 ETH cost basis sold 10,000.31 ETH in the last 24 hours for roughly $29.35 million, realizing about $3.904 million in profit. Source: @ai_9684xtpa on X; Arkham Intelligence address 0x2802035118f591D3CFA93bdEA1699319466B5c12 intel.arkm.com/explorer/address/0x2802035118f591D3CFA93bdEA1699319466B5c12 According to @ai_9684xtpa, since Dec 16 the address has cumulatively sold 40,605.45 ETH worth approximately $118 million at an average sell price of $2922.79, with total realized profits of $15.34 million. Source: @ai_9684xtpa on X; Arkham Intelligence address 0x2802035118f591D3CFA93bdEA1699319466B5c12 intel.arkm.com/explorer/address/0x2802035118f591D3CFA93bdEA1699319466B5c12 According to @ai_9684xtpa, the wallet currently holds 10,002 ETH at address 0x2802035118f591D3CFA93bdEA1699319466B5c12, as tracked on-chain. Source: @ai_9684xtpa on X; Arkham Intelligence address 0x2802035118f591D3CFA93bdEA1699319466B5c12 intel.arkm.com/explorer/address/0x2802035118f591D3CFA93bdEA1699319466B5c12

According to @OnchainLens, ETH whale 0xa339, which previously went long via loop borrowing, sold another 5,000 ETH for $14.7M USDC, bringing total realized sales to 40,621 ETH for $118.5M in USDC/USDT at an average execution price of $2,917, source: @OnchainLens. Earlier, after fully repaying a loan, the wallet sold 5,000 ETH for $14.6M USDC, and at that time the running total stood at 35,621 ETH sold for $103.8M at an average of $2,914 while still holding 15,002 ETH valued at $43.85M, source: @OnchainLens. The sales activity has been traced through addresses 0x2802035118f591d3cfa93bdea1699319466b5c12 and 0xA339d279E0A3a9EDe11ecEAC2ec9529EeBDAE12C, source: @OnchainLens.

According to @lookonchain, whale address 0x46DB bought another 5,500 ETH worth about $16.09M roughly two hours before the report, extending an ongoing accumulation trend; source: @lookonchain on X. According to @lookonchain, the address has accumulated 41,767 ETH totaling about $130.7M since Dec 3 at an average purchase price of $3,130; source: @lookonchain on X. According to @lookonchain, the position currently shows an unrealized loss of over $8.3M, implying a breakeven level near $3,130 for the holdings; source: @lookonchain on X. The wallet 0x46DB0650645f7c9a29783c89171a62240CCc35cF and its transactions can be verified on Arkham Intelligence's explorer; source: Arkham Intelligence.

According to @ai_9684xtpa, an ETH whale withdrew 5,500 ETH (about $16.09M) from OKX roughly one hour ago, lifting total exchange withdrawals since Dec 5 to 34,415.46 ETH (about $107M) with an average cost of $3,131.11 and a current unrealized loss of $7.162M; source: @ai_9684xtpa citing the linked Arkham Intel entity. According to @ai_9684xtpa, the wallet address and transaction timeline can be verified via the Arkham Intel entity page referenced in the post; source: Arkham Intel. According to CryptoQuant research, sustained exchange outflows can tighten spot liquidity and are tracked by traders as a potential accumulation signal, which provides trading context for the reported OKX outflows; source: CryptoQuant research on exchange reserves and flows.

According to @ai_9684xtpa, after direct verification with @Jackyi_ld, the ETH accumulated since November carries a real cost basis around $3,150, putting the 645,000 ETH position at an unrealized loss of roughly $143 million at current prices; source: @ai_9684xtpa on X, Dec 25, 2025. According to @ai_9684xtpa, @Jackyi_ld stated that with a further $1 billion capital injection, their expected blended ETH average cost would be around $3,050; source: @ai_9684xtpa on X, Dec 25, 2025. According to @ai_9684xtpa, Trend Research (affiliated with Yihua Yi) holds about 645,000 ETH on-chain valued at over $2.1 billion, was reported as the third-largest ETH holding entity, and recently added approximately $137 million worth of ETH in a single day; source: @ai_9684xtpa on X, Dec 25, 2025.

According to @ai_9684xtpa, Trend Research resumed ETH accumulation on Nov 2 after October profit-taking, withdrawing a total of 715,526 ETH (~$2.36B) from exchanges. According to @ai_9684xtpa, 70,000 ETH was deposited to Binance on Nov 15–16, leaving 645,526 ETH (~$2.13B) and ranking the entity as Ethereum’s third-largest holder behind Bitmine and SharpLink. According to @ai_9684xtpa, if the pledged plan to buy another $1B proceeds, holdings could approach 1,000,000 ETH and potentially surpass SharpLink for the No. 2 spot.