12/23 Encryption Ice and Fire Bureau: Bitmine sweeps 12.4 billion ETH vs Whale 243 million shorting! BTC welcomes the largest Options expiry in history.

2025-12-23 12:01:03

The FGI index is nailed at 24 😱, indicating extreme fear mode is at full swing! The total market capitalization of cryptocurrencies is $3.04 trillion, with $262 million liquidated in the last 24 hours, and the dire situation is evident.

Bull vs Bear: Institutions Buying vs Whales Selling 🔥 Bitmine increases its position significantly: last week bought 98,852 ETH, total holdings reached 4.06 million, worth 12.42 billion dollars, accounting for 3.37% of total ETH supply! 🐋 Whales double down on shorting: previously, the whale that sold BTC increased leverage, opening 10x BTC, 15x ETH, and 20x SOL short positions, with total exposure soaring to 243 million dollars!
Market alarm is full ⚠️ Address poisoning incident: Someone copied and forged a wallet address, resulting in a loss of nearly 50 million USDT! Please verify the complete address when sending money! Malware Attack: New Windows Virus Stealka Steals Cryptocurrency Wallets, Disguised Software Spreading on GitHub, SourceForge! ETF capital outflow: $462 million flowed out in three days, with BlackRock and Fidelity taking the majority, year-end risk aversion pressure surging!
Key Data: Hidden Long-term Logic vs Short-term Major Test 🚨 BTC faces the largest options expiration in history: This Friday, $23.6 billion in options will be settled, with calls concentrated at $100,000 - $120,000 and puts anchored at $85,000! Long-term bottom card: 95% of Bitcoin has been mined, 95% of the global population does not hold BTC, under the wave of digitization, it is hard to stay below 100,000 dollars forever! The altcoin market has completely laid down: the monthly RSI of dominance has dropped to a historical low, it's a sight to behold!
Major cryptocurrencies are all bearish, with clear support and resistance levels. $BTC (87409 USD, -1.8%): Support at 85000-86000, looking down to 83500; rebound resistance at 88300-89000 $ETH (2961 USD, -2.3%): support at 2850-2900, looking down to 2750-2800; rebound resistance at 2986-3000 $SOL: Support at 122-119, looking down to 115-118; rebound resistance at 126-127
Market Observation: Is BTC a Beach Ball or a Canary? We always love to fit BTC into a binary narrative: either it's a suppressed beach ball that skyrockets as soon as liquidity arrives; or it's a canary in the coal mine, warning of a global market crash. But the core narrative of BTC has never been simply about ups and downs📈📉; it is undergoing a phase transition—step by step, through the landing of ETFs and the continuous influx of institutional funds, transforming from a “non-mainstream speculative asset” into a “mainstream allocation asset.” During this transformation process, price signals are bound to be temporarily distorted. No matter how severe the short-term fluctuations are, they cannot shake the underlying logic in the long term. The market is still in fierce debate: should it be categorized as a risk asset or a safe-haven? Once a consensus is truly reached, the direction of the market will naturally become clear. As for today's decline, it is likely due to funds making position adjustments ahead of the release of the US GDP and inflation data. (Not investment advice, DYOR) #BTC #ETH #Crypto Market Observation

ETH-0,19%

BTC0,06%

SOL2,15%

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