BREAKING: $435 million has been liquidated from the cryptocurrency market in the past 12 hours.

On December 14, Bitwise advisor Jeff Park noted in a post that "the current market structure is fundamentally not supportive of a significant Bitcoin price rally." He cited two key drivers: Bitcoin OG holders are still steadily selling, while demand from ETFs and DATs is slowing. Park also stressed that for Bitcoin to stage a breakout, it must sustainably return to meaningfully higher implied volatility levels—especially upward volatility. Back in November, he referenced the phrase "volatility or death," noting the first emergence of an unusual breakout signal at that time, which eventually sparked a rebound in volatility and reignited some optimism. Unfortunately, implied volatility has since been broadly suppressed again over the past two weeks, dropping from a late-November peak of 63% to 44% now.

As of December 14, Hyperinsight data shows the "BTC OG Insider Whale" address has accumulated unrealized losses totaling $19.26 million across its positions, including: - 5x ETH long: 175,994 ETH, entry price $3,173.34, liquidation price $1,954.90, unrealized loss $15.53M - 5x BTC long: 1,000 BTC, entry price $91,506.70, unrealized loss $2.21M - 20x SOL long: 25,000 SOL, entry price $137.53, unrealized loss $1.52M ### Notes on American English adaptation: 1. **Time framing**: Used *"As of"* (common for real-time/monitoring updates) instead of "December 14th" alone. 2. **Conciseness**: Replaced "monitoring" with *"data shows"* (more natural for financial updates); abbreviated "$19.26 million" to *"$19.26M"* (standard in crypto/finance briefs). 3. **Clarity**: Restructured bullet points to lead with position type (e.g., *"5x ETH long"*) for quick scanning (American news often prioritizes brevity in bulletins). 4. **Terminology**: Used *"entry price"* (common U.S. finan

On December 14, per HyperInsight monitoring, "Big Brother Whale" Huang Lizhong reduced his ETH holdings by 786 units. He currently holds 3,144 ETH (worth approximately $9.69 million), with a current liquidation price of $3,042.74.

As of December 14th, data from Coinglass indicates $55.71 million in positions have been liquidated across the entire network over the past hour. Of this total, $55.03 million were long positions and $0.67 million were short positions.

Update: Bitcoin fell below $89,000 on Dec 14, per HTX market data, with a 24-hour percentage drop of 1.62%.

Per LookOnChain monitoring data as of Dec. 14: Four days prior, the whale wallet 0x76AB sold 1,654 ETH (valued at $5.49 million) on the spot market before opening a high-leverage long position on ETH. Of the 3 trades the whale executed, 2 resulted in losses—accumulating a total loss of over $3.3 million in just four days.