December 31, 2025, on-chain monitoring data reveals a major signal.

A silent wealth battle is unfolding. Top holders are currently bearing a massive unrealized loss of $39.4 million, with ETH long positions already losing $34.2 million. This "BTC veteran" still holds a position of 600 million, remaining the core bullish force among the three major cryptocurrencies. But is this merely faith supporting them, or is it a risk signal about to trigger a blow-up?

Even more bizarre, the short camp is acting frequently. Professional snipers are collectively shifting, launching coordinated short positions on LIT. At the same time, a whale cut $2.51 million overnight, clearing high-position ETH shorts. The simultaneous collapse of longs and gathering of shorts is no coincidence.

On-chain data often precedes market sentiment shifts. While you’re still debating when the bull market will arrive, the true players have already adjusted their strategies based on position flows. Every increase or decrease in whale holdings acts as a real-money prediction vote. The ebb and flow of bullish and bearish forces suggest that a new trend reversal may be brewing.

Position changes in hot cryptocurrencies like BTC, ETH, and LIT reflect the latest judgments of institutions and whales on market direction. As 2026 begins, the key is to capture these on-chain signals early and position accordingly.