Major crypto whales are experiencing significant losses in Ethereum positions, with on-chain data revealing $39.4 million in floating losses as of December 31, 2025. The 'BTC OG Insider Whale' is facing a $34.2 million loss on ETH longs, while the 'CZ Counterparty' has incurred an $11.9 million loss. Meanwhile, the 'Ultimate Bear' and 'Altcoin Air Force Leader' are actively increasing their short positions in LIT. Additionally, 'Pension-usdt.eth' has closed ETH shorts, resulting in a $2.51 million loss. Traders are advised to reassess their stop loss strategies in response to these market dynamics.