[Coin World] Bitcoin short-term has once again staged a pullback. Just now BTC fell below the $87,000 mark, currently hovering at $86,991.60, with a decline of 0.52% since today.

[Coin World] According to the latest monitoring from the on-chain data tracking platform, a large-scale Bitcoin transfer has just come to light. Trump Media Group transferred 2000 BTC from its wallet address less than eight hours ago, with a market capitalization of approximately $175 million. Such large on-chain operations usually attract market attention—after all, these whale-level Bitcoin movements often indicate a change in the holder's intentions. Whether for liquidity allocation or other strategic considerations, this transaction has left a clear footprint on-chain, providing monitoring agencies with another data point worth observing.

[Coin World] The sentiment data on December 24 has refreshed our understanding — the fear and greed index of the crypto market remains at 24, unchanged for two consecutive days. What does this number mean? In simple terms, it indicates that the market is caught in a vortex of extreme fear. The mindset of investors at this moment is understandable — some are cutting losses, others are waiting, and no one dares to act rashly. From on-chain data to market sentiment, everything seems to explain the depth of this adjustment.

The demand for electricity from Bitcoin Mining Farms and AI data centers remains strong, with the valuation of quality electricity assets reaching as high as $400,000 to $550,000 per megawatt. Despite adjustments in the AI industry, core business demand remains stable, keeping the attractiveness of electricity assets intact, and a wave of mergers and acquisitions is expected to continue.

Institutional investor Fasanara Capital recently purchased 6,569 ETH in a short period and deposited it into the DeFi platform Morpho to lend out 13 million USDC, in order to continue increasing their holdings of ETH. This leveraged operation demonstrates their bullish confidence in the market.

[Chain News] The Resolv protocol recently made a big move. This project focused on Hedging has officially entered the altcoin track and has just launched the "Altcoin Cluster" new cluster. The first batch supports two assets: HYPE and SOL—indicating that the team is serious about their work.
How to hedge? The core logic is quite clear: by connecting to the derivatives markets of Binance and Hyperliquid, you build positions on both sides, maintaining delta neutrality. What are the benefits of doing this? On one hand, you hedge against risks, and on the other, you can also earn high returns and staking rewards within the altcoin ecosystem. In simple terms, you earn excess returns without fearing directional risks.
This set of gameplay is still quite attractive to altcoin traders—deeper liquidity and more controllable risk exposure. We will have to see if Resolv can promote this mechanism on more altcoins.

The recent BTC trend is complicated, with a weakening momentum for long positions in the short term, a decline in trading volume, and insufficient market activity. Technical indicators show that bearish strength is increasing, and there may be pressure in the short term. It is recommended to follow specific buy and sell points and support levels, and to operate cautiously.

Bitcoin's recent market performance has fluctuated, dropping from a 65% market share in June to 57% in September, and now stabilizing around 59.27%. Analysts point out that funds are flowing back into Bitcoin, with institutional investors such as BlackRock's ETF attracting $25 billion in capital, indicating that Bitcoin's recognition as digital gold and its market dominance are still strengthening.

The stablecoin payment market in the Ethereum ecosystem is undergoing a transformation, with microtransactions being frequent but accounting for a low percentage of the total amount. The significant rise in B2B and P2B transactions indicates that stablecoins are gradually becoming the infrastructure for large commercial settlements, particularly with payments from consumers to businesses driving their development.

[Coin World] A project has just completed its public presale phase today (December 23). The presale price for this project, BTCM, was set at $0.015, and it has officially closed now. According to official information, the total supply of tokens is permanently locked at 21 million, and all of these tokens have been distributed, with over half, approximately 53%, sold through this round of presale.
The next highlight is the official launch of the network on December 28th. After going live, holders can participate in staking to earn rewards. The project team estimates that the annualized return in the first year will be in the range of 18% to 25%. For those who are optimistic about this type of project, this level of return is quite attractive.

[Crypto Assets World] In the last week, the performance of Aave's Token AAVE has not been great, with a fall of 18%, making it one of the worst performers among mainstream Crypto Assets. What is the culprit behind this? To put it simply, it is the unclear situation regarding protocol branding and domain control, as well as the lack of consensus in the governance layer, leaving investors feeling uncertain.
From on-chain data, it appears that a large holder couldn't sit still and sold off about 230,000 AAVE in a short period, which is approximately 35 million US dollars when converted to Renminbi. This wave of selling has directly intensified the downward pressure on the market. However, interestingly, Aave's founder Stani Kulechov went against the trend and continued to invest during the price drop, purchasing about 12.6 million US dollars worth of AAVE, showing considerable confidence.
However, the founder's actions ultimately failed to halt the decline. The market's reaction was very straightforward—uncertainty regarding the potential consequences of this governance dispute.

The Ghanaian Parliament has passed the Virtual Asset Service Provider Bill, recognizing the legitimacy of cryptocurrency trading and requiring institutions to sign up. The Central Bank plans to explore digital settlement tools by 2026, including gold-backed stablecoins, demonstrating an open attitude towards Web3 assets, aimed at improving the domestic financial system and having a significant impact on African crypto policies.

Last week, an astonishing Virtual Money trading robbery occurred in Hong Kong. Two Japanese company employees planned to exchange 1 billion yen (approximately 50 million HKD) into Virtual Money and HKD at a digital asset exchange store in Sheung Wan, but were robbed at knife point during the transaction.
The Hong Kong police immediately launched an investigation, and 15 suspects have been arrested, of which 7 have been formally charged with conspiracy to commit robbery. The police are making every effort to trace the whereabouts of the stolen funds, and the case is still under further investigation, with the possibility of more arrests not being ruled out. This case also serves as a reminder for Web3 users to enhance their security awareness during large transactions.

Recent trends of DOGE show price fluctuations. Although there has been a rebound in the last 4 hours, the volume-price divergence signal indicates a decrease in upward momentum. The technical indicators show that the longer forces are strengthening, with the support level at 0.1299 and the resistance level at 0.1338. Overall, there is a tug of war between bulls and bears, and it may fluctuate repeatedly within the support and resistance range in the short term.

According to on-chain data monitoring, recently there have been movements from three large whales on HYPE that have attracted follow.
The most aggressive performer among them is the 0xDAe wallet. This guy hasn't been idle for the past two months and has acquired 427,441 HYPE in one go, pouring in 11.58 million dollars at an average cost of 27.09 dollars. Even more impressive is the 0x23A wallet, which had an operation period of only 5 days but made a significant move - 398,830 HYPE with a total expenditure of 10 million dollars at an average price of 25.22 dollars, indicating a decisive layout at a low position.
The third whale nolimithodl.hl0x330 has also been busy, accumulating 200,662 HYPE with a cost of 5.45 million dollars and an average price of 27 dollars. In total, the three have increased their holdings to 27.03 million dollars.
From the perspective of purchasing rhythm and cost, these whales are clearly looking for low entry opportunities.

[Coin World] PEPE continues to weaken. It has fallen 2% in the past day, and from the high point in December, it has already seen a 50% Slump of more than 20%, with a decline close to 21%. Interestingly, Bitcoin has rebounded by 5%, but PEPE has not followed suit and is even continuing to drop.
From the contract level, it is clearer——At that time on December 20, the open contracts were still $121.5 million, but now only $114.5 million remains, a reduction of about $70 million. What does this indicate? The selling pressure continues to accumulate, and no one dares to take over.
The technical analysis also feels quite uncomfortable. Both the daily and hourly charts reveal the same signal: the sellers are in control. The RSI has dropped to 40, which is clearly a weak zone; the A/D indicator has been declining, indicating that the selling pressure is indeed very heavy.
If you are pondering the selling point, you can focus on a few key resistance levels - $0.0000420, $0.0000452.

[Chain News] On-chain data tracks that a large Whale has just transferred 3.8 billion PUMP to the FalconX exchange, which is worth about 7.57 million dollars at the current price. Interestingly, the cost of this batch of coins is not low—when it was withdrawn from a certain leading exchange, it cost 19.53 million dollars. This back and forth has resulted in unrealized losses of 12.22 million dollars. It seems that this player has incurred quite a bit of losses in this market wave, and is now likely looking to manage Liquidity on FalconX.

According to on-chain data statistics, the current 8-hour average funding rate for Ethereum across the network is 0.0026%. However, the rate performance varies significantly among major exchanges: a leading exchange reaches as high as 0.0038%, another mainstream platform reports 0.0031%, while a certain derivation platform has a reverse rate of -0.0069%—a negative rate indicates that short positions are paying, reflecting strong shorting sentiment in the market. This divergence reflects the comparative strength of bulls and bears on different platforms and is also an important signal for tracking Large Investors' movements.

[Coin World] A large Ethereum holdings entity has just exceeded 4 million ETH, accounting for 3.37% of the total network. This institution plans to keep its chips under 5% to prevent dumping from impacting liquidity—this logic is very clear.
But the risks are here. According to internal analysis from a well-known research institution, considering the adverse factors of the global macro economy, Ethereum may face a deep adjustment in early 2026, with price ranges potentially falling back to $1800 to $2000. This may not sound unusual, but for institutions holding large amounts of ETH, it would be a disaster—just this wave of decline would result in a nearly $5 billion reduction in asset value.
What's more troublesome is that losses of this scale usually directly reflect on stock prices, causing real damage to the financial statements of institutions. It seems that large investors need to prepare mentally this year, as the uncertainty in the market remains significant.