PIPPIN rebounded after sliding to $0.34, rallying 20.27% to a local high at $0.48 and hovering near $0.451. According to CoinGlass, futures open interest rose 24.29% to $150.73 million while netflow jumped 136.74% to $3.09 million, suggesting buyers added exposure as $0.4 acted as key support.

Pudgy Penguins' PENGU has traded in a descending channel since rejecting the $0.03 area, slipping to around $0.0092 and staying below multiple EMA levels. A whale address accumulated roughly 273 million PENGU worth about $2.55 million after the token dropped under $0.01, yet overall sell volume and bearish momentum indicators still signal downside risk around the $0.01 and $0.0104 levels.

Ethena Labs transferred 101.79 million ENA worth $20.9 million to several centralized exchanges while ENA price held above the $0.20 support and traded around $0.2127. Despite the weekly decline and structurally bearish setup, on-chain data showed sustained whale participation and spot buying that temporarily absorbed sell pressure.

Chainlink held the $12 area after a large token unlock from a non-circulating supply wallet. Despite heavy exchange inflows, buyers stepped in and halted a breakdown, with price hovering near $12.5 on the daily chart. Short-term momentum improved as dip-buying lifted demand at key support.

Ethereum traded around $2,856, down 2.36% on the day and roughly 10% over the week, while remaining in a broader downtrend. One large holder deposited a total of 17,823 ETH worth about $51.4 million to Binance, realizing around $15.36 million in profit, and spot ETFs saw about $533.25 million in net outflows across five sessions. Price hovered just above the 0.618 Fibonacci level near $2,807, but sharply negative exchange netflows of roughly -47,100 ETH versus +46,000 ETH the previous day hinted at easing sell pressure and possible short-term relief.

On 15 December, Aster DEX launched Shield Mode for perpetual traders, delivering up to 1001x leverage, instant execution and zero slippage. Despite the release, an ASTER whale sold 13.44 million tokens for $11.67 million, realizing a $1.37 million loss and pushing cumulative losses beyond $35.8 million. Selling pressure remains elevated.

Ethereum entered a short-term downtrend after failing to hold above $3,400 six days ago, sliding to a local low near $2,800 and trading around $2,926 with a 6.9% daily drop. One large ETH long holder on Hyperliquid saw unrealized losses exceed $54 million as derivatives liquidations accelerated, while technical indicators signaled weakening momentum and potential retests of lower support levels.

A large holder rotated 1,969 BTC, valued at $177.9 million, into 58,149 ETH worth $181.4 million, signaling a shift from Bitcoin into Ethereum. Ethereum traded near $3,118 after a recent rejection at $3.4k, while fund premiums turned positive and exchange netflows stayed negative as investors accumulated, yet overall market structure remained bearish.

Bitcoin underperformed while the S&P 500 and Nasdaq advanced in 2025, with BTC facing roughly a 36% drawdown in the fourth quarter as cross-asset correlations hit yearly lows. BTC's link to equities turned negative, limiting participation in stock rallies and underscoring a decoupling that reshaped traders' macro assumptions.