Ethereum Whales Take Opposing Accumulation Bets as 40% of Supply Stays in Loss
Ethereum holders are navigating difficult market conditions as December 2025 concludes. On-chain data reveals that over 40% of ETH’s circulating supply is currently held at a loss. The asset has posted three consecutive months of negative performance, with November alone recording a 22.2% decline. December brought continued volatility for Ethereum.
