Whale Trader "pension-usdt.eth" Engages in Long Position Swaps, Currently Profiting Over $1.4 Million

CoinDesk reported on December 20th that Wall Street giant Citigroup has updated its digital asset equities report, lowering target prices for some crypto-related stocks amid the recent broad downturn in the crypto market—though it remains bullish on the sector. In a Friday note, analyst Peter Christiansen and his team stated: “Despite recent token volatility, we continue to have a favorable view on digital asset stocks.” Circle Financial (CRCL), issuer of the USDC stablecoin, remains Citigroup’s top pick, with the team reaffirming its $243 price target even as the stock has dropped sharply to $83.60 recently. Christiansen’s next top picks are Bullish (BLSH) and Coinbase (COIN). “We believe BLSH is well-positioned to benefit from growing participation from institutional investors (notably in the U.S.) and traditional finance (TradFi),” he noted. BLSH’s price target was cut from $77 to $67, though it still holds significant upside relative to its current $44 price. COIN’s target re

On December 20, Wintermute trading strategist Jasper De Maere noted Bitcoin could trade between $86k and $92k. For now, overinterpreting technical indicators isn’t wise—more profit-taking is likely over the next two weeks, fueled primarily by year-end portfolio rebalancing and tax-related moves. He anticipates Bitcoin will keep trading sideways until a new catalyst hits, with one potential trigger being the massive options expiration set for late December. De Maere added that while it’s still too early to call a market bottom, early signs of a bottom are starting to show. “In the short term, I’m confident we’re oversold.”

On December 20, spot silver broke through $67 an ounce, hitting a new all-time high with a 2.38% intraday gain. Comex silver in New York surged 3.00% intraday and was last trading at $67.18 an ounce. (FX168)

**December 20 — Chris Yoo, an analyst at Anxin Investment Management, noted that while U.S. inflation remains above target, the labor market is showing signs of weakness— a trend that could prompt the Federal Reserve to cut interest rates further. The delayed release of October and November U.S. nonfarm payroll data confirms what has been clear this year: job growth has stalled. Yoo added that investors should closely track U.S. labor market data for additional signs of softness. Source: Golden Finance**

On December 19th, per Whale Alert data, an Ethereum pre-mine address dormant for 10.4 years has just been activated. The address holds 2,000 ETH—currently valued at $5,935,398—that was worth just $620 back in 2015.

On December 19, Bitwise Managing Director Bradley Duke noted: “Despite gold’s strong price performance in 2025, fund inflows into Bitcoin exchange-traded products (ETPs) have outpaced those of gold ETPs this year.”