An address linked to trader Huang Licheng, known as "Machi Brother," was liquidated for a 1,800 ETH long position at $3,185.7 on Dec. 11, worth approximately $5.73 million, Lookonchain data show. The address still holds a 7,200 ETH long position with 25x leverage, valued at roughly $22.93 million and currently showing an unrealized loss of $540,000.

Greeks.Live researcher Adam said on Dec. 11 that the Fed's 25-basis-point rate cut and plans to restart $40 billion in Treasury bill purchases will add liquidity and benefit markets, BlockBeats reports. Options data show over 50% of positions are clustered into end-December, with BTC max pain at $100,000 and ETH at $3,200. Major tenors' implied volatility fell this month, reflecting a prevailing slow-grind-down view and vigilance for sudden positive catalysts.

Whale address "pension-usdt.eth" fully closed a 2x leveraged BTC long position around 4:00 on Dec. 11, realizing a quick closeout of more than $64 million with an estimated profit of about $560,000, BlockBeats reports citing Coinbob address monitoring. The address has executed two short and three long trades on BTC over the past seven days, earning a combined $7.12 million. The whale typically engages in short-term swing trading with large, low-leverage positions in major tokens such as BTC and ETH, averaging around 20 hours per position and accumulating over $23 million in profit in the last 30 days.

BlockBeats reported on December 11 that on-chain data analyst Yu Jin identified a substantial cross-chain transaction. Over a two-week period leading up to this identification, a significant crypto whale or institutional entity executed a swap, converting 1,469 Bitcoin (BTC) into 43,647 Ethereum (ETH) via the decentralized THORChain protocol. This transaction was valued at approximately $131 million, with the Ethereum acquired at an average price of $3,000 per ETH. This event underscores the growing utility of decentralized cross-chain liquidity protocols for large-scale asset rebalancing and strategic portfolio adjustments within the cryptocurrency market.

Ethereum slipped below $3,300 on Dec. 11, trading around $3,295, HTX data show. The move marks a minor decline for ETH on the exchange.

The Federal Reserve lowered its benchmark rate by 25 basis points to 3.50%-3.75% on December 11 at 3:00 a.m. Beijing time, marking a third consecutive cut and bringing cumulative easing this year to 75 basis points, BlockBeats reports. The Fed's dot plot projects one 25-basis-point cut in both 2026 and 2027, while officials appear more concerned about inflation and labor market dynamics with limited appetite for near-term easing amid internal divisions, according to "Fed whisperer" Nick Timiraos. Fed Chair Jerome Powell said the labor market is gradually cooling but inflation remains somewhat elevated with upside risks, while September data showed unemployment ticked up alongside slowing job growth. Goldman Sachs analyst Kay Haigh said the Fed has likely reached the end of its "pre-emptive easing" phase and argued further labor market weakness would be needed to justify additional loosening, while Bitcoin briefly broke above $94,000 after Powell's remarks before pulling back to $91,918 at press time.

Publicly listed miner-turned-treasury firm Bitmine (NYSE: BMNR) added another $112 million worth of Ethereum to its balance sheet today on Dec.11. On-chain data tracked by Arkham Intelligence shows the Bitmine treasury wallet received 33,504 ETH in two OTC transfers from FalconX. The purchase is one of Bitmine’s largest single-day ETH acquisitions to date and extends its shift from pure Bitcoin mining into a multi-asset crypto treasury strategy, with Ethereum now serving as the firm’s primary reserve asset. ETH was trading at $3,340 at the time of the transfer.

The U.S. dollar recorded its weakest daily performance since September after the Federal Reserve cut interest rates by 25 basis points, according to BlockBeats. The dollar index closed down 0.4% on Dec. 11, its largest drop since Sept. 16, as Fed Chair Jerome Powell highlighted labor-market risks while offering a softer tone on inflation in his remarks. Bloomberg cited Bank of America strategist Alex Cohen as saying Powell was “less upbeat on the labor market, compared to what we saw in the previous projections,” a shift that accompanied the dollar’s decline.

Informa Global Markets described the December 11 FOMC decision as "mildly dovish," noting only two voting members opposed rate cuts and backed keeping interest rates unchanged, BlockBeats reports. The firm said Wall Street had braced for a tougher stance from inflation-focused hawkish voters, but those members ultimately yielded when casting their votes.