In response to Lookonchain, the Bitcoin OG is massively lengthy on Ethereum, the second-largest cryptocurrency by market capitalization, additional rising its bullish guess on the cryptocurrency.
Lengthy-time Bitcoin holders who beforehand held lengthy Ethereum positions at the moment are seen rising them.
In response to Lookonchain, BitcoinOG (1011short) continued so as to add extra ETH longs, rising its place to 120,094 ETH. His liquidation value is $2,234.69, which continues to be removed from the present ETH value of $3,193.
Insane!
This #BitcoinOG(1011short) continues so as to add to his $ETH longs.
His place elevated to 120,094 $ETH ($392.5M).
Liquidation value: $2,234.69 https://t.co/8cChdRN8iP pic.twitter.com/CwOYfgETdO
— Lookonchain (@lookonchain) December 11, 2025
That is according to the current accumulation stint seen amongst giant ETH holders. In response to Lookonchain, Tom Lee’s Bitmine bought an extra 33,504 ETH price $112.06 million previously six hours.
Ethereum patrons are coming again
In response to CryptoQuant, Ethereum taker stream on Binance is exhibiting indicators of restoration, suggesting that taker patrons are returning. Internet taker quantity, which tracks the steadiness of lively patrons and sellers, was -$138 million, a transparent enchancment from -$500 million in late October.
The current improve in web taker quantity signifies that taker patrons are returning. Though this worth nonetheless stays damaging, its enchancment might pave the best way for upward value momentum.
On the time of writing, ETH was buying and selling at $3,203, down 3.33% previously 24 hours, as traders booked earnings following the Fed’s rate of interest choice and your complete crypto market is buying and selling within the purple.
However, Ethereum taker exercise is altering, with buyer-driven orders rising.
Analysts are highlighting two main assist partitions for Ethereum (ETH): $3,150 when 2.8 million tokens are gathered and $2,800 when 3.6 million tokens are gathered.
Ethereum improves community
Current Fusaka upgrades have laid the inspiration for continued community development. PeerDAS (EIP-7594) improve unlocks as much as 8x extra knowledge throughput, decrease rollup blob fees, and extra space to develop.
Yesterday, BPO-1 was activated, rising blob capability to fifteen per block and rising house on Ethereum for L2 with out the necessity for a tough fork. BPO-2, which can additional improve capability, will turn out to be operational in January.
