A whale opened a $31 million short position on BTC and a small short position on AAVE

December 26th: Bitcoin tops $89k per HTX market data, up 1.69% in 24 hours.

**Bitcoin Completes Largest-Ever Annual Derivatives Settlement** December 26, 2025 | 16:00 UTC+8 Bitcoin wrapped up its largest-ever annual derivatives settlement on Thursday (Dec 26) at 16:00 China Standard Time (UTC+8), with a notional value of ~$23.6 billion and a maximum pain point (max pain) of approximately $96,000. **Pre-Settlement Context**: Thin Christmas holiday liquidity, paired with rising precious metal prices, kept BTC trading sideways between $85k and $90k. Gamma hedging also exerted strong volatility suppression. **Post-Settlement Outlook**: Analysts expect the “volatility cage” to lift post-settlement, driving a sharp spike in volatility. BTC could break above the $90k range, with some projecting a push toward $100k—potentially igniting a New Year rally.

On December 26th, per HTX market data, Bitcoin has broken through $88,000 and is currently trading at $88,425—up 0.8% over the past 24 hours.

December 26th — Per Coinbob Popular Address Monitoring (via https://t.me/Coinbob_track_CN), the Christmas holiday has wrapped up, and U.S. stock markets will reopen at 22:30 UTC today. The “BTC OG Insider Whale” resumed activity after a week of consolidation, now holding the largest on-chain long positions among the top three mainstream coins. Details below: ### **BTC OG Insider Whale** Overnight and this morning, it added 208,000 SOL long positions (valued at ~$27 million), expanding its total SOL position to $61.82 million. The account still holds a ~$55.5 million floating loss. Its core holding is ETH longs: - Size: ~$603 million | Average entry: $3,147 | Floating loss: $46.62 million (-39%) It also holds BTC/SOL longs (both in the red). Total account size: ~$742 million → **1st in ETH/BTC/SOL longs on Hyperliquid**. ### **CZ Counterparty** - ETH longs: ~$166 million size | Average entry: $2,947 | Floating loss: ~$15.54 million (-139%) | Liquidation price: $2,690 - XRP

December 26th — Trust Wallet issued a security alert this morning confirming a vulnerability in its browser extension (version 2.68). On-chain detective ZachXBT reports hundreds of users have already had funds stolen, with total losses hitting at least $6 million. Below are key security incidents involving major browser extension wallets: ### Trust Wallet (2022) Back in November 2022, Trust Wallet’s extension had a WebAssembly vulnerability affecting only new addresses created between Nov 14–23, 2022. The flaw led to ~$170k in stolen funds. Trust Wallet found the issue via its bug bounty program, patched it, and fully compensated affected users. ### MetaMask - **2022**: Faced a “Demonic” vulnerability (versions before 10.11.3) that exposed private keys in browser memory — no large-scale losses reported. - **2023–2025**: Official extension operated securely, but it’s often targeted by fake versions. A 2025 Chainalysis report noted a spike in abnormal thefts, driven mostly by c

As of December 26th, LookOnChain monitoring data shows that whale address 3JFgQr has emerged from three years of dormancy and withdrawn 181 Bitcoins from Binance, with the tokens valued at $15.8 million.