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Ethereum (ETH) is struggling to hold above the $3,000 mark, but while small traders are losing interest, large players remain highly active. In fact, whale accumulation is ramping up again, with thousands of ETH being withdrawn from Binance in recent hours—signaling renewed long-term confidence.

Thousands of ETH Exit Binance
Over the past 24 hours, three newly created whale wallets withdrew more than 8,000 ETH from Binance. This has further reduced the exchange’s ETH reserves, now down to approximately 3.88 million ETH. While the broader market remains nervous, these whale addresses are expanding their positions—fueling a continued trend of Ethereum flowing off exchanges into long-term storage and staking.
Currently, exchanges hold only 16.22 million ETH, a record low, with an increasing share locked in smart contracts or committed to long-term staking.

Hyperliquid Becomes a New Whale Hub
Aside from Binance, trading activity is also shifting to Hyperliquid, where whales are opening large long positions. During the latest dip below $3,000, one buyer acquired 2,249 ETH. Notably, Arthur Hayes transferred 508 ETH to Galaxy Digital, potentially preparing for a sale.
The Ethereum market is clearly being driven by large investors—while retail traders step back, whales continue to maneuver aggressively.

Sentiment Improving, But Market Remains Cautious
Ethereum's Fear & Greed Index has climbed to 42 points, exiting the extreme fear zone. Still, the market remains soft. Open interest has ticked up only slightly from $17.4B to $17.7B, largely due to whale activity. Retail trading remains muted with minimal short-term upside expectations.
ETH is currently trading within a $2,700–$3,000 range, where the bulk of long positions are concentrated.

Whale Everett Jin Holds $600M Long Position
A whale identified as Everett Jin continues to hold the largest open long position on Hyperliquid—worth $600 million. Despite having unrealized gains of $39 million, he continues to add collateral, signaling at least speculative confidence in an ETH rebound.
These moves suggest that some whales are betting on a recovery, even if the outlook remains uncertain.

ETH May End 2025 in the Red
Despite whale optimism, ETH remains under pressure. The token is down over 11.5% year-to-date and may close the year in negative territory for the first time since 2022.
As of mid-December, ETH is down 1.48% for the month, after dropping nearly 29% in Q1 alone. The lingering impact of October’s liquidations continues to weigh heavily on the market.

Quick Summary:
🔹 Whales pull thousands of ETH off exchanges

🔹 Retail activity is stagnant; DeFi usage is slow

🔹 Largest open long: $600M on Hyperliquid

🔹 ETH trading in $2,700–$3,000 range

🔹 2025 may end with ETH in the red

#ETH , #Ethereum , #CryptoAdoption , #CryptoWhales , #CryptoInvesting
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,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“

📢 BREAKING: Powell Just Opened the Floodgates for Crypto Banks 🇺🇸
Jerome Powell just removed the biggest barriers holding banks back from crypto.
🔓 What Changed U.S. banks can now: ✅ Custody crypto
✅ Transact directly with crypto firms
✅ Build products on crypto rails
No more regulatory fog.
No more quiet pressure behind the scenes.
TradFi × Crypto is officially LIVE.
🏦 Why This Is Massive This isn’t speculation — this is infrastructure. • Bank balance sheets
• Institutional clients
• Compliance-friendly rails
All now Bitcoin-ready.
₿ What It Means for Bitcoin 🔥 Faster capital flows
🔥 Safer institutional scaling
🔥 Bigger on-ramps & off-ramps
🔥 Deeper liquidity across markets
💡 Key Takeaway The Fed didn’t “endorse” Bitcoin —
they removed the roadblocks.
When barriers fall, markets reprice.
Banks → Institutions → Corporations → Sovereigns
📈 Bitcoin just moved up the adoption ladder.
🚦 Regulatory clarity is here.
The rails are open.
Capital is coming.
$SOPH $ANIME $SSV
#bitcoin #CryptoAdoption #InstitutionalCrypto #BTC #WriteToEarnUpgrade

A solo Bitcoin miner struck gold on the NiceHash platform by investing just $86 in rented hashpower and successfully mining block #928,351. The reward? A stunning 3.152 BTC, valued at around $271,000.
According to Mempool statistics, the block had an almost perfect health score of 99.96%, included 2,806 transactions, and generated 0.027 BTC (about $2,363) in transaction fees. Against all odds, this solo miner outperformed thousands of competitors in one of the most competitive mining ecosystems.

Beating the Odds in the Bitcoin Network
This lucky incident isn’t isolated. On December 12, another solo miner with the address 1Ng9~VoQz successfully mined block #927,474, earning 3.13 BTC worth about $288,383. That block included only 1,117 transactions and had significantly lower block weight.
Despite overwhelming odds, the miner operated with a hash rate of just 270 TH/s — merely 0.00002% of Bitcoin’s total network power. CKPool developer Con Kolivas confirmed this was the 310th time a solo miner had mined a block under these specific tracked conditions.
Unlike traditional mining pools, the solo miner did not share rewards with any other participants and instead received the full block reward (minus a 2% CKPool fee).

Even Lower Odds, Even Bigger Surprises
In November, another user mined block #924,569 with just 6 TH/s of hashpower. The odds? About 1 in 1.2 million per day. Kolivas described this miner as “incredibly lucky.”
In October, block #920,440 was mined through the Public Pool platform, awarding the solo miner 3.141 BTC.

Profitability Declines Despite Rising Network Power
While a handful of lucky miners strike it rich, Bitcoin mining profitability continues to drop. According to JPMorgan, November marked the fourth consecutive month of decline in gross mining profit. Analysts Reginald Smith and Charles Pearce reported a 26% year-over-year drop in daily block rewards.
Bitcoin’s global hash rate (30-day moving average) is now around 1.1 ZH/s, nearing the 1.15 ZH/s record from mid-October, according to Glassnode.
🔹 On November 21, the hash price hit its lowest point this year — just $34 per PH/s per day, coinciding with Bitcoin's dip to $83,000. Even after BTC rebounded above $90,000, profitability remained capped at around $40 per PH/s per day.

Bitcoin Miners’ Stocks Under Pressure
Publicly traded mining companies are also feeling the squeeze. The combined market cap of 14 U.S.-listed miners tracked by JPMorgan dropped 16% year-over-year to $59 billion.
However, Cypher Mining (CIFR) outperformed the group with a 9% gain, thanks to its acquisition of Fluidstack. On the other hand, Bitdeer (BTDR) saw a 40% decline in performance.

#bitcoin , #CryptoMining , #CryptoAdoption , #BTC , #JPMorgan

Stay one step ahead – follow our profile and stay informed about everything important in the world of cryptocurrencies!
Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“