The cryptocurrency market has been lively and bustling over the past week, with the actions of on-chain whales constantly affecting market sentiment.

From the Ethereum perspective, a large whale has transferred another 2,900 ETH to an exchange. Although this move drew attention, they still hold a massive position of 20,081 ETH. During the same period, the US Ethereum spot ETF recorded a net inflow of $168 million yesterday, indicating that institutional interest in ETH remains strong. Another noteworthy piece of news is that a mining pool has staked 28,320 ETH, bringing the total staked amount to approximately 520,000 ETH, reflecting market confidence in long-term holdings.

In the Bitcoin sector, activity is even more intense. The US Bitcoin spot ETF saw a significant net inflow of $697.2 million yesterday, directly reflecting market optimism about BTC's prospects. Interestingly, the probability of the "Bitcoin reaching $100,000 in January" prediction on Polymarket has risen to 49%, showing clear bullish sentiment among market participants.

The Solana ecosystem is also not to be outdone, with a net inflow of $16.8 million into its spot ETF yesterday, setting a record for the largest single-day inflow since listing. Meanwhile, Jito has just launched the Solana block explorer IBRL Explorer, providing better on-chain data visibility for the ecosystem.

In derivatives trading, whale activity has been particularly active. One whale closed a $20.53 million ETH long position, making a profit of $37,000 within 10 minutes. Another whale, committed to short ZEC, chose to close their position, incurring a loss of $293,000. Additionally, the "Shanzhai Air Force" increased their LIT short position to $14.1 million, and a trader with a 100% win rate plans to close their short and go long when BTC drops to $82,000. These actions demonstrate strategic adjustments at various levels among market participants.

In the token ecosystem, a newly created address received 5 million UNI from the UNI Timelock contract, worth $29.05 million. Moreover, a whale withdrew 171,100 LINK from an exchange, valued at $2.36 million, indicating a change in holding intentions. Most notably, a cluster of addresses unstaked 1 million HYPE, raising concerns that they might sell all their holdings.

It is worth mentioning that Aster has launched the VIRTUAL perpetual contract trading, supporting up to 75x leverage, providing a new option for derivatives traders. Meanwhile, Swarms has released its January roadmap, planning API updates and mobile app beta testing, as ecosystem development continues to advance.