Whale Trader "pension-usdt.eth" Liquidates ETH Short Position, Loses About $3.4 Million

December 29 — Presto Research researcher Rick Maeda noted that Bitcoin’s push back above $90,000 is primarily driven by technical factors, not a single new catalyst. “The $90,000 level was a clear resistance zone, and once Bitcoin found its footing, it likely triggered short covering and momentum-fueled buying pressure,” he said. Kronos Research Chief Information Officer Vincent Liu echoed this view, stating Bitcoin rebounded after a period of consolidation at a technical support level — with that “key level now flipped back to a support level.” Bitrue Head of Research Andri Fauzan Adziima added that Bitcoin’s upward momentum reflects technical relief tied to options expirations and altcoin-led correlation. He also noted over $1 billion in ETF outflows (linked to tax loss harvesting and broader de-risking) weighed on Bitcoin in December, which “essentially traded within a range of $86,500 to $90,000.” (Source: The Block)

On December 29, market data shows Lighter (LIT) is trading at $3.423 in pre-market, with a corresponding fully diluted valuation (FDV) of $34.23 billion. Meanwhile, Polymarket odds put the probability of Lighter (LIT)’s FDV topping $30 billion one day post-listing at just 47%. As of press time, total funds staked on this prediction have hit $50.4 million.

On December 29, monitoring data from onchainschool.pro indicates the RVV team transferred approximately $870,000 worth of tokens to a centralized exchange (CEX) around 2 a.m. this morning. Such token transfers have been frequent over the past month. As of press time, RVV has surged 31.37% in the past 24 hours, with a market capitalization of $86.45 million.

December 29 — Per Whale Alert (@whale_alert) tracking, the USDC Treasury burned over 51 million USDC on the Solana blockchain just 10 minutes ago.

On December 29, CryptoQuant analyst @Darkfost_Coc noted that the current market consensus has broadly turned bearish, based on an analysis of the market sentiment index (which incorporates media articles, on-chain data, and several other sentiment metrics). @Darkfost_Coc argues that when a widespread consensus forms, the market often reverses—proving the majority wrong. This dynamic was visible in the chart during two key periods: July–October 2024 and February–April 2025. The analyst also stated that the "index pessimism" phase may persist for some time, especially if the market enters a long-term bear market. The current cycle only entered this phase in early November; while the indicator leans bullish, maintaining caution and patience is critical in a bear market environment.