Lookonchain

Dec 22–Dec 28, 2025 #LookonchainWeeklyReport
🟢 Overview
Stablecoins dropped $977M while DEX activity weakened. Institutions added 1,551 BTC, and large buyers accumulated over 136K ETH, including Bitmine and Trend Research. Arthur Hayes rotated from ETH into LDO, PENDLE, and ENA.
🟢 Stablecoin Market
The total stablecoin market cap decreased by $977M.
🟢 Spot & Perps Trading Volume on DEXs
🟢 Protocol Revenue
🟢 Last week, 5 companies increased their holdings by 1,550.84 $BTC($135.93M).
🟢 Institutional/Whale Activity
Tom Lee(@fundstrat)'s #Bitmine bought another 44,463 $ETH($130M) last week a

Michael Saylor(@saylor)'s @Strategy bought another 1,229 $BTC($108.85M) at $88,568 last week.
Strategy now holds 672,497 $BTC($58.7B), with an average buying price of $74,997, sitting on an unrealized profit of $8.31B (+16%).

Tom Lee(@fundstrat)'s #Bitmine bought another 44,463 $ETH($130M) last week and currently holds 4,110,525 $ETH($12.02B).

BlackRock just deposited 2,201 $BTC($192M) and 7,557 $ETH($22.12M) to Coinbase Prime.

Whale 0xA71d deposited 1.81M $USDC into #HyperLiquid 8 hours ago and opened a 3x long on 500,000 $LIT($1.83M).

After repaying all loans, whale 0xA339 sold the remaining 24,700 $ETH for 73M $USDC over the past week, with an average selling price of $2,954.

After #Uniswap's fee burn proposal was approved, the #Uniswap treasury burned 100M $UNI($591M) 4 hours ago.

Smart trader pension-usdt.eth, with over $25M in total profits, has flipped from long to short.
He closed his $ETH long for a $278K gain, then opened a 3× short on 20,000 $ETH($58.44M).

Whale 0xDDC4 spent 1,086 $ETH($3.13M) to buy 20,375 $AAVE again 9 hours ago.
Since Dec 3, 2024, the whale has bought 59,588 $AAVE($13.47M) at $226 avg, and is currently sitting on an unrealized loss of ~$4.3M.

After closing a $HYPE long for a $249K profit, whale 0x38fd opened a new 10× long on 321,484 $HYPE($7.9M) over the past 2 hours.

Winslow Strong withdrew 307 $CBBTC($27.03M) and 1,900 $ETH($5.6M) from #Aave and deposited them to #Coinbase 8 hours ago.

The #BitcoinOG(1011short) just doubled down again — adding 207,316 $SOL($25.7M) to his longs.
Positions now:
203,341 $ETH($603M)
1,000 $BTC($88M)
508,929 $SOL($63M)
He's now sitting on over $43M in unrealized losses, with funding fees exceeding $2.8M.

Bitcoin & Ethereum Price on Christmas🎄

Whale 0x46DB bought another 5,500 $ETH($16.09M) 2 hours ago.
Since Dec 3, the whale has bought 41,767 $ETH($130.7M) at an average price of $3,130, and is currently sitting on an unrealized loss of over $8.3M.

Dec 25 Update:
#Bitcoin ETFs:
1D NetFlow: -1,416 $BTC(-$123.94M)🔴
7D NetFlow: -8,616 $BTC(-$754.37M)🔴
#Ethereum ETFs:
1D NetFlow: -24,697 $ETH(-$72.36M)🔴
7D NetFlow: -71,245 $ETH(-$208.75M)🔴
#Solana ETFs:
1D NetFlow: +22,285 $SOL(+$2.72M)🟢
7D NetFlow: +260,248 $SOL(+$31.75M)🟢

On-chain Perps Volume is cooling off during the market downturn — except on #Tron.
#Tron's daily Perps Volume has topped $1B for two days straight, and 7-day Perps Volume reached $5.77B, up 176% WoW.

Someone created a new wallet(0x89BC) and deposited 4M $USDC into Hyperliquid over the past 4 days to long $BTC and short $ETH.
Current positions:
10× long: 218.6 $BTC($19.15M)
10× short: 5,294 $ETH($15.59M)