🤑 Bitcoin OG’s Wild $392M ETH Gamble: Madness or Genius? 🌕

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In a move that can only be described as the financial equivalent of a tightrope walk sans safety net, a Bitcoin OG-a creature of the crypto primordial soup-has decided to double down on Ethereum, that second fiddle in the cryptocurrency orchestra. According to the ever-watchful Lookonchain, this intrepid soul, known only by the handle 1011short, has thrown caution to the wind and increased his long position to a staggering 120,094 ETH. At a cool $392.5 million, one can’t help but wonder if he’s betting on Ethereum or simply trying to outrun his own liquidation price of $2,234.69. Spoiler: ETH is currently lounging at $3,193, leaving him with a cushion thinner than a socialite’s patience. 🍾

Insane!

This #BitcoinOG(1011short) keeps adding more to his $ETH long.

His position has increased to 120,094 $ETH($392.5M).

Liquidation price: $2,234.69

– Lookonchain (@lookonchain) December 11, 2025

This audacious maneuver aligns with the recent hoarding spree among Ethereum’s whale class. Tom Lee’s Bitmine, never one to miss a bandwagon, has snapped up 33,504 ETH-a mere $112.06 million-in the past six hours. One can only imagine the champagne corks popping in some marble-clad penthouse. 🥂

The Return of Ethereum’s Prodigal Buyers

According to CryptoQuant, Binance’s Ethereum Taker Flows are exhibiting the faintest pulse of life, suggesting that taker buyers are emerging from their crypts. The Net Taker Volume, a barometer of market aggression, has crawled back to -$138 million from its October nadir of -$500 million. A triumph? Hardly. But in the crypto circus, even the smallest improvement is cause for a confetti cannon. 🎉

At the time of this scribbling, ETH was sulking at $3,203, down 3.33% in 24 hours, as the crypto markets collectively decided to take profits post-Fed interest rate theatrics. Yet, buyer-driven orders are said to be gaining ground, though one suspects they’re moving with all the urgency of a sloth on a Sunday. 🐌

Analysts, ever the optimists, point to two “support walls” for Ethereum: $3,150 (2.8 million tokens) and $2,800 (3.6 million tokens). Walls, indeed-though one wonders if they’re made of brick or papier-mâché. 🧱

Ethereum’s Never-Ending Quest for Improvement

The Fusaka upgrade, a name that sounds like a forgotten sushi roll, has laid the groundwork for Ethereum’s latest growth spurt. PeerDAS (EIP-7594), the star of this upgrade, promises to unlock up to 8x data throughput, giving rollups cheaper blob fees and more room to flourish. Because nothing says “progress” like a blob with ambition. 🦑

BPO-1, activated yesterday with all the fanfare of a minor software update, has raised blob capacity to 15 per block, expanding space for L2s without the drama of a hard fork. BPO-2, its sequel, is slated for January, because why fix everything at once when you can drag it out? 📅

In the end, one is left to ponder: Is this Ethereum renaissance a harbinger of glory, or merely the crypto equivalent of rearranging deck chairs on the Titanic? Only time-and the whims of the market-will tell. 🌪️

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2025-12-11 18:20