detailed analysis of the current market status (on December 22, 2025)

The current market status (on December 22, 2025) for the two trading pairs: BTC/USDT and ICP/USDT. I will divide the analysis into two main parts: Technical Analysis (Chart) and Smart Money Flow Analysis (Smart Money/Whales).

1. Analyze Bitcoin (BTC/USDT) Current price: ~88.313 USDT A. Technical Analysis (Chart)

• Trend (H1 & H4): BTC is moving sideways ( in a wide range after a period of volatility. The price is fluctuating around the level of 88,000 - 89,000 USDT.
• Support & Resistance: * Hard support: The 84.450 USDT zone ) is the nearest bottom on the H4( timeframe, and further down is 80.600 USDT.
• Resistance: The range of 89,600 - 90,300 USDT. There are long wicks that reached up to this range but were sold back down, indicating strong selling pressure from above.
• EMA Indicator: On the H1 timeframe, the EMA lines are narrowing, signaling an upcoming strong volatility. The price is hovering between the moving averages, and the breakout trend is not yet clear. B. Smart Trader Data & Whale ) On-chain/Sentiment (
• Long/Short Ratio: * Long positions are dominating in number: The nominal Long/Short ratio is very high )~128%(. The number of whales )Whales( and Smart Traders holding Long positions is greater than Short )391 Long vs 382 Short(. * Lãi/Lỗ chưa ghi nhận )Unrealized PNL(: * Danger warning: Although the Long side is larger, they are incurring heavy losses )Unrealized losses over -61 million USD(.
• Conversely, the Short side is making a profit of )+11.5 million USD(. * Net Flow )Net Volume(: The net selling pressure from Whales and Smart Traders is dominating )Sell 140M vs Buy 85M(.
• Conclusion about BTC: The market is in a potential “Bull Trap” state or accumulating risks. The crowd ), including some large wallets (, is trying to “catch the bottom” )Long (, but the price has not increased, leading to them being stuck with capital losses. The selling pressure from the bears remains strong.

2. Analyze Internet Computer )ICP/USDT( Current price: ~3.038 USDT )Strong decrease -8.27%( A. Technical Analysis )Chart( * Trend: Very Bad )Bearish(. ICP has had a typical “Pump & Dump”. The price skyrocketed to 3.494 and then plummeted straight back to the 3.03 area.

• Candle structure: On the H1 and H4 frames, long red candles )Marubozu( with high volume appear, indicating a fierce selling pressure. * Support: Currently testing the psychological level of 3,000 USDT. If this level breaks, the price may find its way back to the old low around 2.75 - 2.90.
• EMA: The price has fallen below all short-term and medium-term EMA ) EMA 7, 25, 99(, confirming the short-term downtrend. B. Smart Trader Data & Whale ) On-chain/Sentiment (
• Long/Short Ratio: * The Short side is completely dominating: Unlike BTC, the “big players” on ICP are heavily Shorting. The Long/Short ratio is only about 64-65% ) skewed towards Short(.
• The number of Short Whales )167 wallet ( is 2.5 times the number of Long )64 wallet (.
• Unrealized Gain/Loss: * Short sellers are winning big: Short wallets are netting +9.5 million USD.
• Phe Long is holding a loss of )-6 million USD(.
• Conclusion about ICP: Smart money is betting on further price declines. They have been shorting from the top and are currently still holding a profitable position. There are no signs that they are closing their short position to reverse. Summary & General Assessment
• Distinct divergence:
• BTC: The crowd and a group of whales are trying to Long )expecting a rise( but are being “stuck” )in a losing position(.
• ICP: Large capital flow agrees on Short ) expecting a decrease( and is currently winning. * Price action )Action Plan suggestion(:
• With BTC: Caution is needed. The significant losses for Long positions could lead to a “Long Squeeze” )liquidating Long positions(, causing the price to drop sharply to the 84k-85k range to sweep liquidity before potentially rising again. FOMOing into Long positions at this time is not advisable. * With ICP: Absolutely do not catch a falling knife at this moment )“Don't catch a falling knife”(. The downtrend is very strong and supported by the Short side )Whales(. Only consider buying when the price establishes a solid base around 2.7 - 2.8 or when the Short side starts to take profits heavily.