$ETH ETH USDT perpetual Whale Holdings analysis: Bulls dominate but short-term Bull vs Bear Battle intensifies.
As of December 22, 2025, 09:10, the ETHUSDT perpetual contract is quoted at $3,027.9, with an increase of 1.74%. According to the whale holdings data, the market shows a strong dominance of long positions, but there is a divergence in short-term Bull vs Bear Battle behavior. The specific analysis is as follows:
1. Overall Holdings: Long positions hold an overwhelming advantage
Whale total holdings reached 2.54 billion USDT, with a nominal bull vs bear ratio as high as 197.52%. There