As Bitcoin's price has fallen approximately 30% from the peak of around $126,200 and is hovering near the key support level of $85,000, concerns about a further decline to the $70,000 region are intensifying. However, on-chain data presents a different intriguing picture: institutional funds and high-net-worth investors are continuing to accumulate Bitcoin at the fastest rate in 13 years. Glassnode data shows that medium-sized holders (commonly referred to as "Bitcoin sharks") holding between 100 and 1,000 BTC increased their total holdings from approximately 3.521 million to 3.575 million BTC over the past week, a net increase of about 54,000 BTC. This accumulation speed has reached a new high since 2012, reflecting a clear pattern of buying the dip.

The Solana ETF market experienced a phase of fluctuation on December 15. According to SoSoValue data, the Bitwise Solana Staking ETF (BSOL) recorded approximately $4.6 million in outflows on that day, marking the first net redemption since the product was listed at the end of October and breaking the previous record of over a month of continuous fund inflows. This redemption corresponds to the sale of about 36,800 SOL tokens, and the ETF's trading volume also dropped to a historical low on that day. The outflow was driven by a general decline in risk appetite across the cryptocurrency market, with Bitcoin, Ethereum, and Solana all experiencing pullbacks amid rising macroeconomic uncertainties and tightening liquidity at the end of the year.

Last week, SOL spot ETF had a net inflow of $33.6 million, with no net outflows across all 7 ETFs. Among them, the Bitwise SOL Spot ETF had a net inflow of $15.9 million, and the Grayscale SOL ETF had a net inflow of $8.73 million. The total net asset value reached $907 million, with a historical cumulative net inflow of $675 million.

PANews December 15 News, according to DeFiLlama data, the TVL of the decentralized perpetual contract exchange Lighter has reached $1.456 billion, setting a new all-time high. PANews analyst J.A.E stated that this growth may be influenced by the upcoming token generation event (TGE). However, Lighter experienced a single-day net outflow of over $40.59 million on December 12, the second-highest level in history.

Odaily Planet Daily reports that Negentropic, co-founder of Glassnode, posted an analysis on the X platform about the impact of Japan's interest rate hikes. He pointed out that what the market fears is not tightening but uncertainty. Sometimes, market volatility can actually be an opportunity. Japan's central bank normalization has brought clarity to the global capital markets, and Bitcoin often thrives after experiencing policy pressure. Previous analyses suggested that Japan's interest rate hikes might not trigger risk-averse sentiment in the crypto market. First, speculators currently hold a net long (bullish) position in the Japanese yen, so it is unlikely they will react quickly to the Bank of Japan's rate hikes. Secondly, Japan's government bond yields have continued to rise this year, with both short-term and long-term yield curves reaching multi-decade highs. The upcoming rate hikes reflect that official interest rates are catching up with market levels, indicating a lower likelihood of risk-avoidance sentiment emerging by the end of the year.

PANews December 13 News, according to CoinDesk, Japan's last interest rate hike caused the yen to rise, triggering a sharp increase in market risk aversion sentiment, which led to Bitcoin prices falling from about $65,000 to $50,000. However, the upcoming yen interest rate hike may not trigger risk aversion in the crypto market for two reasons: First, speculators currently hold a net long (bullish) position in yen, making it unlikely for them to react quickly to the Bank of Japan's rate hike; second, Japan's government bond yields have continued to climb this year, with both short-term and long-term yields hitting multi-decade highs. Therefore, the upcoming rate increase reflects that official interest rates are catching up with market trends. Meanwhile, this week, the Federal Reserve lowered interest rates by 25 basis points while introducing liquidity measures, bringing rates to their lowest level in three years. Overall, these factors indicate a clear unwind of yen arbitrage positions and a year-end risk aversion sentiment.

Gold Financial News reports that a rate strategist at a U.S. bank stated that the Federal Reserve's purchase of Treasury securities to maintain ample cash in the banking system could suppress long-term yields. Wall Street strategists generally expect that the Fed's reserve management purchases (RMP) operations — along with its October decision to use mortgage-backed securities (MBS) proceeds to buy Treasury securities — will absorb most of the net supply of Treasury bonds over the next year.

Odaily Planet Daily reports that according to market sources: Elon Musk's social media platform "X" is expected to generate over $2 billion in revenue in the first 9 months of 2025; this year's revenue has increased approximately 18% compared to the same period last year. In the third quarter, "X" reported a net loss of $577 million. Additionally, "X"'s third-quarter EBITDA grew by 16% year-over-year and 9% quarter-over-quarter.

BlockBeats News, December 12 — BitMine Chairman Tom Lee recently stated that the Strategy company of Bitcoin encrypted treasury (DAT) establishing a $1.4 billion cash reserve is a "wise move." Although Strategy's stock price has fallen more than 50% over the past six months, this cash reserve will enable the company to continue paying shareholder dividends during Bitcoin price declines without selling its $61 billion Bitcoin holdings. Tom Lee pointed out that during the previous Bitcoin downturn cycle, Strategy's stock trading price was below its net asset value (NAV), and building a cash reserve was precisely to prepare for such situations. As the largest ETH treasury company holding over $12 billion worth of Ethereum, BitMine has not yet built

ChainCatcher Message, according to GMGN data, the top 5 tokens with net inflow by KOL in the past 24 hours are as follows: 1. AI (7ea3....FK2): Net inflow of $9,000, a 17,179.5% increase over the past 24 hours, currently quoted at $0.0008. 2. 1649AC (HSie....ump): Net inflow of $2,000, a 39,009.2% increase over the past 24 hours, currently quoted at $0.0015. 3. Nimbus (831o....ump): Net inflow of $896, a 1,562.6% increase over the past 24 hours, currently quoted at

PANews December 12 News, Glassnode posted on X platform that Ethereum spot ETF has shown signs of recovery after weeks of continuous outflows. Mild capital inflows have begun to appear, indicating that redemption pressure has eased. If the net capital flow continues to rise into the inflow zone, it suggests that demand will improve before the end of the year.

Sygnum's latest release of the "2025 Asia-Pacific High Net Worth Individual Report" shows that wealthy investors in Asia are accelerating their adoption of digital assets. The survey covered over 270 high-net-worth and professional investors across 10 Asia-Pacific markets. The results indicate that 87% of respondents have incorporated cryptocurrencies into their investment portfolios, with 49% allocating more than 10% of their assets to digital assets. The overall median allocation is between 10% and 20%. Additionally, up to 60% of wealthy investors plan to further increase their allocations in the future, reinforcing Asia's leading position in the global crypto market. The report emphasizes that this trend reflects the maturation of the private wealth management market in Asia. Behaviors previously dominated by speculation and short-term trading are being replaced by "wealth preservation" and "intergenerational planning." Ninety percent of respondents consider digital assets an important component of long-term wealth management, and diversification is the primary motivation for their crypto investments. Correspondingly, high-net-worth investors are demanding more complex products, including active management strategies, outsourced portfolio management, and yield enhancement tools.

XRP once again failed to break through the $2.09-$2.10 resistance level on Wednesday and experienced a rapid institutional sell-off after reaching a high, causing the price to fall back to the key $2.00 mark. The daily decline was 4.3%, underperforming the overall cryptocurrency market. Nevertheless, spot ETF funds continued to see net inflows of over $170 million this week, presenting a special divergence where the price weakens while supply tightens. From the data, XRP faced strong selling pressure around $2.08, with hourly trading volume soaring to 172.8 million, 205% higher than the daily average. Such volume expansion typically indicates institutions distributing at resistance levels, rather than retail panic selling. The overall trading volume for the day increased by 54% compared to the 7-day average, further reinforcing the view that institutional funds are driving this round of correction.

Santiment's latest on-chain data shows that the Ethereum market has seen a clear position divergence in the past three weeks: whales and medium-sized holders have increased their holdings by a total of 934,240 ETH, while retail investors have sold a net of 1,041 ETH during the same period. This structural difference is reshaping ETH's supply and demand landscape and driving a gradual price recovery. The data shows that the number of addresses holding 100 to 100,000 ETH has continued to increase since early December, and the cumulative trend of this group coincides with the decline in ETH volatility, the slowdown in decline, and the rebound. The Ethereum price subsequently rose as a large number of buying orders entered the market, indicating that the actions of large holders are clearly supporting the price.

Dogecoin (DOGE) experienced a breakout rally, driven by Ethereum's strength and active institutional trading, rising from $0.1406 to an intraday high of $0.1532 and eventually closing near $0.1473. Despite the modest gain, the strength of the breakthrough has attracted significant attention in the market, especially against the backdrop of continuous net outflows of on-chain funds, DOGE still recorded a significant technical breakthrough. The most notable signal of the day occurred between 15:00 and 17:00 GMT, with DOGE trading volume surging 312% compared to the usual day, exhibiting typical institutional or algorithmic buying characteristics rather than regular retail push. Meanwhile, on-chain data showed that despite a net outflow of approximately $4.81 million, active addresses surged to 67,511, the second-highest in three months, indicating a divergence between network usage activity and capital flows, suggesting that the bottom funds may be quietly accumulating.

Gate News Bot news, on December 10, according to CoinMarketCap market, as of press time, SOL (Solana) is now trading at $137.65, up 3.54% in 24 hours, reaching a high of $146.72, and a low of $128.29, with a 24-hour trading volume of $6.051 billion. The current market capitalization is about $77.287 billion, an increase of $2.644 billion from yesterday, and now ranks 7th in the world. Solana is a global financial infrastructure blockchain platform dedicated to providing a powerful on-chain experience for all. The platform features high speed and low cost, supporting thousands of transactions per second with a single transaction fee of less than $0.0025. The Solana network is verified by thousands of independently operated nodes, employs a proof-of-stake consensus mechanism, and has 0% net carbon emissions. The platform has attracted including Shopi

GameStop revealed in its Q3 financial report that as of the end of Q3 2025, it held $519.4 million worth of Bitcoin and $8.8 billion in cash and marketable securities. Net profit for the third quarter reached $77.1 million, and adjusted net income was $139.3 million, representing significant growth compared to last year.

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.

Aster (ASTER) has been under continuous pressure since its launch, dropping about 70% from its high of $1.50. Technically, ASTER formed a clear inverted V-shaped top structure near $1.40, with a rapid pullback following a sharp rise, trapping buyers. The price has consistently remained below the 20-day, 50-day, and 200-day moving averages, confirming the continuation of the downtrend. According to the V-shaped top measurement method, ASTER’s neckline is in the $1.04 to $1.05 range. If this support fails, the price could further drop to $0.82, corresponding to the 1.0 Fibonacci extension level. Despite the weak trend, 68% of traders in major CEX perpetual contract markets are still attempting to bottom-fish and go long. However, in the ongoing downtrend, longs are continuously being liquidated. The cumulative net long positions are steadily decreasing, while net short positions remain largely unchanged. This indicates that the current decline is not driven by shorts, but rather by longs being forced to close their positions under pressure, further pushing the price slowly lower.

On Monday, US spot Bitcoin ETFs recorded a net outflow of $60.48 million, indicating a cautious market sentiment ahead of key macro events in December. Although BlackRock's IBIT attracted a single-day net inflow of $28.76 million, it was insufficient to offset the overall outflow of funds. Grayscale's GBTC led with a net outflow of $44.03 million, and Fidelity's FBTC also saw an outflow of $39.44 million, further exacerbating the weak performance of Bitcoin ETFs. In contrast, the fund flows for Ethereum and altcoin ETFs were more noteworthy. Spot Ethereum ETFs saw a single-day net inflow of $35.5 million, with BlackRock's ETHA accounting for $23.7 million, indicating that institutions are accelerating their allocation to ETH assets.

Odaily Planet Daily News: According to the latest crypto weekly report released by Gate Ventures, macro indicators cooling off has led to uneven risk appetite, with the market overall remaining cautious. BTC and ETH are fluctuating within a narrow range, but ETF net outflows continue, and the Fear & Greed Index remains in the "extreme fear" zone. Meanwhile, the market saw an overall rebound of +3.9% on Monday, mainly driven by heightened institutional narratives, including Grayscale filing for a SUI Trust and the official launch of its Chainlink ETF. On the ecosystem front, Aave and CoW launched the first Intent-based flash loan product, further expanding programmable DeFi; Galaxy acquired Alluvial, accelerating institutional-grade liquid staking deployment; Grayscale launched

Odaily Planet Daily News: According to a post by Ethereum community member Joseph Young on X, data from Artemis shows that over the past three months, Ethereum ranked first among public blockchains in terms of stablecoin net inflows, with approximately $12.5 billion worth of stablecoins flowing into the Ethereum network. There is no doubt that ETH is currently dominating the stablecoin market. Note: Solana and Plasma ranked second and third, respectively.

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.

The price of Bitcoin has recently fallen to just below $90,000, approaching the overall cost basis of US Bitcoin ETFs, raising concerns in the market about support levels. According to Glassnode data, since February last year, continuous ETF buying has provided key support during multiple downturn cycles, enabling Bitcoin's price to rebound near the breakeven point. Historical data shows that since 2024, Bitcoin has experienced two deep corrections of more than 30%, occurring from March to August and from January to April 2025, both bottoming near the ETF cost basis. At that time, weekly net inflows into ETFs, as tracked by SoSoValue, were negative, which is quite similar to the current market situation.

ChainCatcher news, Bitcoin-based stablecoin protocol BSD has officially launched the Dual Stacking feature. Users who lock sBTC collateral in the BSD Vault can now simultaneously earn a 5% sBTC annualized yield. This means the same collateral can serve two roles at once: securing the user's credit line and earning Bitcoin yield. The Vault will begin generating yield in the next Stacking cycle (around December 3), with the first batch of yield expected to be distributed around December 17. According to BSD officials, the protocol's minimum annualized borrowing rate is currently 0%. The borrowing cost for some Vaults is about 0.1%, and after earning a 5% yield on collateral, users' net borrowing cost can drop to -4.9%, meaning users are effectively paid to borrow.

BlockBeats news, on December 9, Santiment tweeted, "As Bitcoin's market capitalization hovers around $90,000, the leading cryptocurrency continues to show an outflow trend from CEXs. Over the past year, a total of 403,200 Bitcoins have flowed out of CEXs, resulting in a net supply decrease of 2.09%. Overall, this is a long-term bullish signal. The lower the amount of Bitcoin held on exchanges, the less likely major sell-offs causing price declines have historically been."

According to SoSoValue data reported by Jinse Finance, the US spot Solana ETF saw a total net outflow of $1.18 million yesterday, while the US spot XRP ETF recorded a total net inflow of $38.04 million yesterday.

The UK Financial Conduct Authority has announced adjustments to retail investment rules, removing complex information documents and allowing high-net-worth individuals to voluntarily waive retail investor protections. The aim is to lower investment thresholds and encourage more residents to participate in the capital markets.

Ripple completed a share sale of approximately $500 million in November, with investors including several well-known institutions. Assessments indicate that most of its net assets come from XRP. The financing round included protective provisions and liquidation preferences. XRP has fallen about 16% since October, and Ripple stated that there are currently no plans for an IPO.

The digital asset ETP market recorded $716 million in inflows last week, indicating a significant improvement in investor risk appetite. Total assets under management (AUM) rose to $180 billion, rebounding 7.9% from the November low. Although the overall scale remains below the historical peak of $264 billion, net inflows have been maintained for two consecutive weeks, reflecting a gradual recovery in market confidence. In terms of regional distribution, the United States continues to lead, attracting $483 million in inflows. Germany and Canada follow closely, recording $96.9 million and $80.7 million respectively. This indicates that the current wave of capital inflows is spreading globally rather than being driven by a single region.

VTB, Russia's second-largest bank, is planning to launch a regulated spot cryptocurrency trading service in 2026, targeting high-net-worth and qualified investors. This move marks the first official entry of a major Russian bank into the spot cryptocurrency market, and also indicates that Russia is accelerating the implementation of its digital asset regulatory framework under the pressure of international sanctions. According to local media reports on December 3, VTB has already begun testing crypto trading services with select high-net-worth clients. The bank emphasized that in the future, this service will be limited to qualified investors who meet specific portfolio size or income standards and will not be fully open to the general public. The move aims to provide a diversified asset allocation channel for a limited range of clients under controllable regulatory conditions.

According to data from blockchain intelligence analytics platform Nansen, "smart money" is anticipating a short-term decline in Ethereum, with short positions increasing by $2.8 million, bringing the total to over $21 million. At the same time, demand for spot Ethereum ETFs is insufficient, with net outflows for two consecutive days totaling approximately $75.2 million.

PANews, December 5—According to CoinDesk, James Butterfill, Head of Research at crypto asset management firm CoinShares, stated in a report that the Digital Asset Treasury (DAT) bubble has largely burst. By the summer of 2025, some companies that were trading at 3 to 10 times their market value net asset value (mNAV) have now fallen back to around 1x or even lower. This trading model, which once regarded token treasuries as a growth engine, has undergone a sharp correction. The next move depends on market behavior: either prices fall further, triggering disorderly sell-offs, or companies hold their positions and wait for a rebound. Butterfill said he is more inclined toward the latter, citing an improving macro environment and a possible interest rate cut in December, which would support cryptocurrencies. Butterfill pointed out that the bigger challenge lies in structural issues. Previously, a group of companies...

BlackRock's IBIT attracted $222.9 million in inflows over the past two weeks, while spot Bitcoin ETFs saw outflows of $275.6 million. During this period, Ethereum's inflows contrasted sharply with Bitcoin's outflows, and the ETH/BTC exchange rate rose by 5.77%.

According to Bloomberg, BlackRock’s iShares Bitcoin Trust (IBIT) has recently experienced significant outflows, setting a record for consecutive weeks of net outflows since its launch in January 2024, indicating that institutional demand for Bitcoin remains weak. Bloomberg data shows that in the five weeks ending November 28, investors withdrew more than $2.7 billion from the ETF, with another $113 million redeemed on Thursday, putting the fund on track for its sixth consecutive week of outflows. IBIT manages assets totaling over $71 billion and has long been an important tool for traditional investors to gain exposure to Bitcoin. The ongoing outflows are in line with the bearish trend that followed a major liquidation event in early October, when over $1 trillion was wiped from the crypto market’s capitalization. Although Bitcoin has recently rebounded in price, the persistent ETF outflows highlight a marked shift in market sentiment.

After several days of flat trading, Hedera’s HBAR token is currently in a consolidation phase, indicating a lack of clear market direction. However, investor activity is picking up, and early signs suggest that bearish pressure may be easing. The Chaikin Money Flow (CMF) indicator has risen significantly, indicating a notable reduction in selling pressure. If the CMF continues to improve and crosses above the zero line, HBAR will register a net inflow, potentially restoring trader confidence and providing momentum for a price increase.

In the past two weeks, Ethereum (ETH) has strongly outperformed Bitcoin (BTC), with both capital flows and price structure indicating that market sentiment is clearly shifting towards ETH. The latest data shows that spot Ethereum ETFs recorded a net inflow of $360 million during the same period, while Bitcoin ETFs saw only $120 million—a threefold difference that highlights investors’ growing preference for the Ethereum ecosystem. In terms of price performance, ETH recently broke through the key resistance level of $3,200, completing a daily structure reversal, which means the trend has entered a new upward phase. Meanwhile, BTC still needs to break above $96,000 to confirm a breakout, giving ETH a structural advantage in terms of trend.

U.S. spot Bitcoin ETFs recorded a net outflow of $194.6 million on Thursday, marking the largest single-day outflow since November 20, intensifying short-term risk-off sentiment in the market. According to SoSoValue data, BlackRock's IBIT led the outflow list with a single-day outflow of $112.9 million; Fidelity's FBTC saw $54.2 million in outflows, while VanEck's HODL, Grayscale's GBTC, and Bitwise's BITB also continued their capital outflow trends. This outflow continued Wednesday's net outflow of $14.9 million, accompanied by a persistent decline in trading volume—total ETF turnover on Thursday fell to $3.1 billion, down significantly from $4.2 billion on Wednesday and $5.3 billion on Tuesday. This "weak volume and price" structure further reflects a rise in market wait-and-see sentiment.

Gate News bot message, latest ETF flow data as of December 4 shows varying trends across major cryptocurrency funds. Bitcoin ETFs recorded a negative one-day net flow of -349 BTC (-$32.19M), while maintaining a positive seven-day net flow of +1,211 BTC (+$111.79M). Ethereum ETFs demonstrated stro

Amidst the complex and overwhelming market information, what truly matters? "Gate Web3 Daily Highlights" aims to provide you with the essentials. We curate the most important global crypto market news every day to help you quickly grasp key trends, save time, and gain early insights. 1. Crypto Market Rally Returns, ETF Inflows Hit $1.1 Billion—Highest in 7 Weeks KobeissiLetter released a market analysis noting that cryptocurrency ETFs are making a comeback. Last week, crypto funds saw $1.1 billion in inflows, the highest in 7 weeks, marking a reversal after 4 consecutive weeks of outflows totaling $4.7 billion. US crypto ETFs led with $994 million in inflows, followed by Canada ($98 million) and Switzerland ($24 million), while Germany saw $57 million in outflows. Bitcoin led the inflows with a net inflow of $461 million, followed by ETH with $308 million. Meanwhile, investors withdrew $1.9 billion from short Bitcoin ETPs. The momentum in the crypto market is returning.

The US spot XRP ETF continues to attract capital, with net inflows for 12 consecutive days as of December 2, bringing total assets under management to $844.9 million—just one step away from the $1 billion AUM milestone. On December 1, there was an inflow of $89.65 million, followed by an additional $67.7 million the next day. Meanwhile, companies such as Invesco and Franklin Templeton have submitted applications to launch their own XRP ETFs. In comparison, the spot Solana ETF has an AUM of $651 million, while spot Bitcoin and Ethereum ETFs have $57.7 billion and $12.8 billion, respectively. In the DeFi sector, XRP is seeing new staking opportunities. The Firelight protocol, incubated by Sentora and supported by Flare, has launched an on-chain insurance product based on staking, offering yield options for XRP holders and addressing the insurance gap for over $1 billion in annual losses from exploit attacks, bringing real economic value to investors.

BlockBeats News, on December 4, crypto market research firm Delphi Digital posted on social media stating that the Federal Reserve’s interest rate path for next year is the clearest it has been in years. In December 2025, another 25 basis point rate cut is expected, bringing the federal funds rate down to about 3.5%-3.75%. The forward curve predicts at least three more rate cuts in 2026. If the path remains unchanged, the year-end rate will drop to the low range of around 3%. But rate cuts are only part of the story. Quantitative tightening (QT) ended on December 1. The Treasury General Account (TGA) is planned to gradually decrease rather than be replenished. The overnight reverse repurchase (RRP) has been completely depleted. These factors together have created the first positive net liquidity environment since early 2022. The Secured Overnight Financing Rate (SOFR) and the federal funds rate have already fallen to