ChainCatcher 消息，10x Research 在社交媒体上发文表示，比特币的主导地位正在下滑，而新鲜流动性正重返市场，这一拐点在历史上往往预示着山寨币将接棒领涨。模型持续显示近三个月的 BTC 偏好后，最新信号指向市场表现格局可能出现转变。稳定币的持续流入正在悄然重建风险偏好的资金基础，尽管交易量仍低于周期峰值水平。部分代币的反弹是由现货驱动而非杠杆驱动，这表明本轮轮动相比之前的虚假启动更为健康。与此同时，永续合约交易活跃的平台持续表现滞后，暗示过度扩张的仓位正在这些地方进行平仓。如果这次转向是真实的，那么表现最强的可能不是那些呼声最高的概念，而是那些已在暗处默默吸筹的资产。

Zcash (ZEC) is trying to recover lost ground after the November plunge. After experiencing a significant decline of over 55%, ZEC has recently rebounded by approximately 40%, and market sentiment has recovered, but the full recovery still faces multiple uncertainties. In terms of technical indicators, the RSI has broken above the 50 neutral range for the first time in two weeks, indicating increased buying power and a short-term bullish bias is forming. In general, the RSI's return to positive range is often seen as an early signal of a trend reversal, but this does not mean that ZEC has established itself in an upward trend. The macro market remains highly sensitive to risk assets, and the slightest movement could weaken ZEC's new vitality, so sustained buying is key to short-term gains.

Digital asset market maker Wintermute released a report stating that the current cryptocurrency market is undergoing deep consolidation, with liquidity recycling being the core driver. Funds are withdrawn from high-risk assets, concentrated in Bitcoin and Ethereum, and investors tend to "take risks at the right time."

According to BlockBeats news, on December 10th, crypto market analysis agency Santiment published an article stating that Bitcoin rebounded today and once returned to the $94,600 mark, which reignited the enthusiasm of traders, causing them to follow the trend and buy in anticipation of further price increases due to fear of shorting. According to data scraped from social media such as X, Reddit, Telegram, and others, calls for "bullishness" and "breakout above" have seen explosive growth. Santiment Sentiment Indicator Analysis: · A high blue histogram represents a general call for "bearish" or "below the market" and usually reflects retail panic (FUD) – when prices tend to rise due to retail selling. A high red histogram represents a general call for "bullish" or "breakout above" in the market, usually reflecting retail investors' fear of shorting (FOMO) -

Bitcoin has seen a slight increase of about 2.8% in the past 24 hours and is now trading at around $92,500. Technically, the daily chart remains in an inverse head and shoulders pattern, with a target price of $108,500, but the market has failed to hit key resistance multiple times. The current pressure is mainly coming from two aspects: stubborn resistance and insufficient buying by whales. First, the price has been moving along an inverse head and shoulders pattern since November 16, but the neckline of $93,700 has never been able to break out effectively. Multiple upward explorations have been suppressed, and the pattern has not yet been truly activated. Only if the price closes steadily above this pressure can new upside be released.

Michael Saylor recently proposed a financial reform plan for the Middle East at the Bitcoin MENA conference, with the core concept of creating a "zero-volatility, high-yield digital bank account" supported by Bitcoin to attract huge low-yield capital around the world. He pointed out that institutional funds in Japan, Europe, Switzerland and other regions have been trapped in a low-interest rate environment for a long time and lack significant returns, which is an opportunity for Bitcoin to become a new type of financial infrastructure. Rather than attracting funds from the crypto community, Saylor proposed a design goal to restructure the global sovereign bond and corporate bond markets of $20 trillion to $50 trillion. He emphasized that current investors are forced to choose high-risk credit products simply because traditional bank accounts cannot provide sufficient yields. The solution he proposed is for regulated banks to launch digital accounts with 8% yields, backed by Bitcoin, making them global capital hubs in the new era.

Matrixport released a report stating that Bitcoin's implied volatility continues to decline, and the likelihood of an upside breakout at the end of the year has decreased. Volatility is expected to continue to decline after the FOMC meeting, and the market may return to range-bound with a lack of new ETF inflows to drive momentum.

Andrew Tate recently posted on social platforms, questioning MicroStrategy's purchase of about 10,000 Bitcoins but failing to drive the price up, a statement that quickly sparked heated discussions in the Bitcoin community. Despite the staggering size of this nearly $1 billion purchase, the Bitcoin price remained in the $88,000 to $92,000 range before and after the announcement, with little market reaction. The discussion focused on a key question: Why didn't such a huge buying order drive spot prices? Industry insiders pointed out that the core reason is that micro strategies usually do not execute buy orders through the open market, but rely on over-the-counter (OTC) to complete large orders. OTC platforms privately match buyers and sellers to complete huge transactions off-chain, avoiding impact on the order book and leaving no traces on the price chart.

During the US trading session on Tuesday, the price of Bitcoin rose sharply from about $91,000 to more than $94,000 in two hours, an unusual trend that attracted strong attention from the market. The lack of clear positive news has led some traders to point out that this is "textbook manipulation", while others believe there are real macro catalysts behind it. Multiple on-chain analysts noted a rare period of large-scale concentrated buying during the price surge. DeFiTracer data shows that market maker Wintermute bought about $68 million in Bitcoin within an hour, while simultaneous buying orders from multiple major exchanges were also seen as a "synergistic push" by some researchers. Trader NoLimitGains noted that this rally is characterized by typical manipulation: extremely thin order books, large market orders pouring in in a short period of time, and a lack of subsequent structured buying. He believes that "a real bull market builds structure, and artificial push only leaves traps."

Bitcoin retreated to near $92,500 in early Asian trading on Wednesday after breaking above $94,000, as the market continued to remain cautious ahead of the Federal Reserve's key meeting. As investors focus on the latest policy statement and the tone of Jerome Powell's year-end press conference, the overall cryptocurrency sentiment cools in the short term. Mainstream altcoins are showing a differentiated trend. Ethereum is up 7% in the last 24 hours and is currently trading around $3,320; Solana and Dogecoin are both up about 5%; Cardano was the strongest performer, with an 8.5% increase on the day. Despite this, these tokens generally retreated 1%-2% in early Asian trading, hinting at profit-taking after an overnight rally. XRP is up slightly by 2% but is still down 4% this week, with BNB, USDC, and TRX largely flat. The market depth for small-cap tokens remains weak, reflecting the ongoing liquidity imbalance since December.

Bitcoin regained its footing at $92,000 after more than $2 billion in liquidations, and the market focus quickly retracted from altcoins to mainstream assets such as Bitcoin (BTC) and Ethereum (ETH). The increase in capital concentration indicates that investors prefer high-certainty head crypto assets under the current macro uncertainty. In terms of market capitalization performance, Bitcoin's market share is stable at about 59.11%, while Ethereum's remains at around 12.80%, showing a very narrow range of fluctuations. The latest report from Wintermute shows that both retail and institutional funds have rarely flowed into BTC and ETH at the same time, reflecting increased risk aversion in the market, with investors preferring to take selective risk exposure rather than chasing the high volatility of altcoins.

Hundreds of crypto wallets associated with the "Silk Road" suddenly became active after more than a decade of silence, transferring $3.14 million in Bitcoin to an unknown address. These wallets still hold about $41.3 million in Bitcoin for unknown reasons.

ChainCatcher news: According to market sources, Ark Invest's funds increased their holdings by 55,000 shares of the spot Bitcoin ETF ARKB yesterday. Among them, the ARKW fund bought 49,246 shares, and the ARKF fund bought 5,754 shares.

Bitcoin (BTC) price has recently stabilized around $92,200, with selling pressure easing, but market demand remains weak. According to SoSoValue data, US ETF capital flows have stabilized for the first time in weeks, with an inflow of $56.5 million on December 9, while weekly redemptions in November had exceeded $1.1 billion. Glassnode analysis shows that the market recovery is limited, with the spot CVD indicator still deeply negative, derivatives positions leaning defensive, and on-chain transaction activity near the lower end of the range. Short-term holders are dominating the market, making the price highly sensitive to volatility. Technical indicators suggest that Bitcoin’s price structure remains weak. The 14-day Relative Strength Index (RSI) has retreated to the mid-range, reflecting a correction from last week’s highs. Futures open interest has declined, volatility spreads have sharply contracted, and option skew indicates traders are more focused on downside protection rather than betting on upward gains. The number of active on-chain addresses is near the cycle low, with actual market cap growth at only 0.7%, indicating limited capital inflow and a fragile supply structure. Overall, the recent rebound is mainly due to seller exhaustion rather than strong buying support.

Putin pointed out at an investment forum that the development of new payment tools is inevitable, especially electronic payment tools such as Bitcoin. He stated that the declining use of the US dollar will weaken its economic power and criticized the US government for using the dollar for political purposes, which has led other countries to seek alternative assets such as cryptocurrencies.

According to Gate News Bot on December 10, citing CoinMarketCap data, as of press time, BTC (Bitcoin) is currently trading at $92,254.62, up 2.16% in the past 24 hours, reaching a high of $94,601.57 and a low of $87,799.56, with a 24-hour trading volume of $67.792 billion. The current market capitalization is approximately $1.84 trillion, an increase of $38.855 billion compared to yesterday. BTC is an innovative payment network and a new type of currency. Bitcoin operates using peer-to-peer technology and does not rely on a central authority or bank; transaction management and issuance of bitcoins are carried out collectively by the network. Bitcoin is open-source, and its design is public and transparent—no individual or institution owns or controls Bitcoin, and anyone can participate. Through many unique features, Bit

Strive has signed a sales agreement of up to $500 million, planning to issue Series A floating rate perpetual preferred stock. The proceeds will be used to purchase Bitcoin, for working capital, asset expansion, and other capital expenditures.

金色财经报道，Nicholas Financial 向美国SEC递交文件，拟推出一款名为 Nicholas Bitcoin and Treasuries AfterDark ETF（代码：NGTH）的新型比特币ETF。该产品只在美股收盘后买入比特币，并在次日开盘前卖出。若获批准，该ETF将为比特币投资产品引入“交易时间差”策略。

Roxom announced the launch of the world's first fully Bitcoin-denominated stock exchange, enabling investors to directly buy and sell shares of Bitcoin asset-holding companies using BTC. The goal is to create a unified, Bitcoin-centric market and expand investment options for Bitcoin holders.

Luxor announces the expansion of its hardware business, supporting Bitcoin mining companies in transitioning to AI and high-performance computing, providing end-to-end services, establishing direct supply relationships with manufacturers such as Dell and Lenovo, and leveraging its data center resource advantages.

Bitcoin mining company IREN completed a $2.3 billion convertible senior notes offering and a $544.3 million convertible bond repurchase, launched bonds maturing in 2032 and 2033, and took measures to hedge equity dilution risk.

金色财经报道，纽约证券交易所旗下NYSE American上市的自托管加密货币平台Exodus Movement发布截至2025年11月30日的加密货币持仓更新数据，其中披露该公司持有1902枚BTC（较10月末减少245枚）、2,802枚ETH（较10月末增加18枚）、以及31,050枚SOL（较10月末减少18,517枚）。Exodus表示，减持加密财库中的持仓主要用于满足收购W3C的资金需求。

Odaily Planet Daily news: Standard Chartered Bank stated in a report on Tuesday that it has halved its Bitcoin price forecast for the end of 2025 to $100,000, down from the previous target of $200,000. At the same time, the bank has postponed its long-term target of $500,000 to 2030, originally set for 2028. The bank's analyst Geoffrey Kendrick pointed out that the downgrade is due to a reassessment of demand expectations, including the end of aggressive corporate purchases by entities such as MicroStrategy, as well as institutional adoption through ETFs being slower than expected. Kendrick said that future Bitcoin price increases will be "driven solely by ETF purchases." Currently, Bitcoin's quarterly ETF inflows have dropped to 50,000 BTC, the lowest since the launch of US spot Bitcoin ETFs.

US cryptocurrency ETF fund flows show selective positioning, with altcoins attracting attention. Although the market shows early signs of recovery, confidence remains lacking. Traders are generally adopting a wait-and-see approach ahead of the FOMC meeting, with heightened expectations for rate cuts. Household pessimism and the scale of consumer credit point to a complex outlook for demand.

At the recent Bitcoin MENA conference, Michael Saylor made it clear that Strategy (MSTR) will not issue perpetual preferred stock (“digital credit”) in Japan within the next 12 months, stating that the “12-month head start” will be left to Japanese listed company Metaplanet. This move has drawn more attention to Metaplanet’s strategy in the Japanese perpetual preferred stock market, which has long been inactive, with only five companies in all of Japan currently qualified to trade perpetual preferred stock. Metaplanet CEO Simon Groverich pointed out that the company plans to enter this market with two new products, “Mercury” and “Mars,” becoming the sixth and seventh companies in Japan to issue perpetual preferred stock. Among them, Mercury is positioned as the Japanese version of Strategy STRK, with an annualized yield of 4.9%, denominated in yen and convertible, which is much higher than the generally less than 0.5% yield of Japanese bank deposits and money market funds. Mercury is currently in the pre-IPO stage, with the goal of listing in early 2026. The second product, Mars, models Strategy’s short-term high-yield credit product STRC, targeting investors seeking short-term returns.

The Bitcoin market in 2025 is exhibiting an unprecedented "dual strategy" pattern: ETFs bring institutional liquidity, while self-custody upholds the decentralized spirit of Bitcoin. Industry analysts generally believe that this coexistence model is becoming the new mainstream trend, driving Bitcoin toward a more mature and structurally robust stage of development. As Wall Street continues to expand the absorption capacity of spot Bitcoin ETFs, monthly capital inflows during 2024 to 2025 have repeatedly reached $4 billion to $6 billion, pushing the total asset size to approximately $140 billion by July 2025. ETFs have become the primary avenue for institutions to enter Bitcoin, offering strong liquidity, regulatory protection, and eligibility for retirement accounts, quickly making them the first choice for traditional financial investors.

Today's December FOMC meeting has become the focus of global markets, with investors closely tracking the Federal Reserve's interest rate decision and economic forecasts to assess the direction of monetary policy in 2026 and evaluate its potential impact on crypto assets such as Bitcoin and Ethereum. Market predictions put the probability of a 25 basis point rate cut at as high as 80% to 92%. If realized, the federal funds rate range will drop to 3.50% to 3.75%, marking the third rate cut this year. The likelihood of a pause or unexpected rate hike is extremely low, but any deviation from expectations in the decision could still trigger significant market volatility.

Bitcoin fell another 0.70% in the past 24 hours, continuing its recent volatility, and this trend is raising more and more concerns about “institutional manipulation.” Several analysts have pointed out that Bitcoin’s frequent sharp drops around the opening of the US market occur with too much regularity, suggesting the involvement of concentrated high-frequency trading institutions. Currently, the core question in the market is whether Bitcoin’s weakness is caused by internal manipulation rather than natural market dynamics. Although the fourth quarter is usually a strong period for Bitcoin, since the market crash on October 10, Bitcoin has not only failed to recover but has continued to underperform US stocks. US stocks are up 8% with several stocks hitting new highs, while Bitcoin remains 29% below its pre-crash level.

Bernstein, which manages approximately $800 billion in assets, has recently published a Bitcoin research report that has drawn significant attention from the market. The firm states that Bitcoin’s decade-long “four-year halving cycle” has officially ended, and a long-term bull market phase led by institutional capital is taking shape. According to the report content shared by VanEck executive Matthew Sigel, Bernstein believes that Bitcoin’s current structural demand is being reshaped by institutional buying. Although Bitcoin’s price has recently corrected by nearly 30%, ETF outflows have remained under 5%, indicating that most institutional buyers view BTC as a strategic asset rather than a short-term trading tool. This sustained net ETF inflow is highly consistent with the long-term accumulation trend of large institutions and also reflects that the structure of the Bitcoin market is undergoing profound changes.

On Monday, MicroBT officially launched its new generation of WhatsMiner mining machines—the M70 series—in Abu Dhabi. Despite Bitcoin mining revenues currently being at multi-year lows, the company has chosen to introduce a product line with higher energy efficiency. The M70 series covers three efficiency tiers: 12.5 J/TH, 13.5 J/TH, and 14.5 J/TH, offering both air-cooled and water-cooled models. The single-unit hashrate ranges from the entry-level M70 at around 214 TH/s to the rack-mounted M79S at over 1 PH/s, targeting ultra-large-scale mining farms and advanced energy solutions. This launch comes at a time when mining economics are extremely tight. According to market data, Bitcoin hashprice has dropped to about $35 per PH/s/day, nearing historic lows; meanwhile, network hashrate remains above 1 ZH/s, increasing revenue pressure on miners. Record-high mining difficulty combined with price corrections has significantly slowed miner demand, and ASIC manufacturers are generally facing challenges such as extended inventory and order cycles.