Bitcoin (BTC) and altcoins are not affected by the Christmas fever as the end of 2025 approaches.
The market is also preparing for the expiration of approximately $27 billion worth of Bitcoin (BTC) and Ethereum (ETH) options on Friday, December 26. This will be the largest options expiration in Bitcoin and crypto history.
Analysts note that the outlook for Bitcoin and Ethereum is large-scale and generally bullish, and upward price momentum is expected.
As the market approaches both December 26th and the end of the year, the whale who predicted the October 10th crash, opened a short position just before the sharp drop, and made nearly $200 million, has reappeared on the scene.
An anonymous whale, known in the market as the “10/10 Whale,” moved a large amount of Ethereum to Binance.
While this whale’s transaction caused confusion, according to Lookonchain’s report, it deposited 100,000 ETH worth $292 million into Binance.
While such transfers to exchanges are generally seen as sales, the whale’s long positions in Bitcoin, Ethereum, and Solana raise questions about whether or not their intention was to sell.
However, some analysts noted that even if the whale held a long position and expected an upward trend, it may have wanted to cash out a portion of its funds.
This whale holds three massive long positions worth $717 million in BTC, ETH, and SOL.
As you may recall, this whale also switched from Bitcoin to Ethereum in transactions worth billions of dollars during the summer months.
*This is not investment advice.
