Bitcoin (BTC) and altcoins are not affected by 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 broad-based and generally bullish, and upward price momentum is expected.
As the market approaches both December 26 and the end of the year, the whale that predicted the October 10 crash, opened a short position just before the sharp decline, and made nearly $200 million, has re-emerged on the scene.
An anonymous whale, known in the market as “whale 10/10,” transferred a large amount of Ethereum to Binance.
Although this whale’s transaction caused confusion, according to Lookonchain’s report, it deposited 100,000 ETH worth $292 million into Binance.
Although such transfers to exchanges are generally considered 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 withdraw some 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 moved from Bitcoin to Ethereum in transactions worth billions of dollars over the summer months.
*This does not constitute investment advice.