Ahead of the Bank of Japan's interest rate decision announcement today, the crypto market has seen attention-grabbing whale movements. A large on-chain trader held approximately $717 million in crypto long positions at a key macro juncture, sparking market vigilance for short-term volatility. Despite current unrealized losses reaching $54 million, the whale has not reduced its position, demonstrating strong confidence in macro event-driven market trends. From the position structure, this whale primarily allocates mainstream crypto assets through Hyperliquid exchange, including about 203,000 ETH, 1,000 BTC, and over 300,000 SOL, showing a clear macro liquidity betting strategy. These assets are typically highly sensitive to interest rate policies and risk appetite changes, and diversified holdings also reduce risks associated with single-coin volatility.

RAVE tokens have strengthened again a few days after going live, attracting market attention. RaveDAO (RAVE), as a Web3 entertainment ecosystem project, has seen its price increase by over 29% in the past 24 hours, with trading volume up approximately 23%. This performance indicates that after an initial correction following launch, market sentiment is undergoing a noticeable shift. RAVE officially launched on December 14th, with an initial price of around $0.50. However, it quickly experienced a typical "launch correction," with the price dropping to a low of $0.27 at one point. Nevertheless, the price then rebounded rapidly, returning to around $0.50, demonstrating strong support at lower levels. The current trend suggests that the correction phase after launch may be coming to an end.

Macroeconomic uncertainty is accelerating accumulation and gradually evolving into an important variable affecting risk assets. Since 2025, the overall performance of the cryptocurrency market has been weak, forming a stark contrast to Bitcoin's strong rally in 2024. In 2024, Bitcoin delivered substantial returns for long-term holders and traders, but the current cycle is clearly under pressure. The core of the change lies in the macro environment. The continuation of tariff policies during the Trump era, combined with ongoing expansion of fiscal spending, has caused the US debt scale to grow rapidly. In the 2025 fiscal year, the US government added approximately $2.17 trillion in new debt, bringing the total debt to about $38 trillion, accounting for 124.3% of GDP, a near four-year high. This structural pressure is weakening the global attractiveness of the US dollar.

BlockBeats News, December 19 — Chinese crypto analyst Ban Mu Xia released a video stating that the market has fully priced in the rate hike in Japan, and the future rate hike path remains to be observed. Ban Mu Xia reiterated that the two major prerequisites for bullish Bitcoin are: the Federal Reserve expanding its balance sheet and Bitcoin's technical pattern being in a sideways consolidation phase. Through technical analysis, Ban Mu Xia believes that Bitcoin's key resistance levels are in the range of 9.86 million to 10.7 million USD, with 11.25 million USD as a strong resistance level, but the market conditions are quite complex during this process.

According to the latest data from the on-chain analysis platform Arkham Intelligence, a well-known early Bitcoin investor (Bitcoin OG), with the address labeled as “1011short,” deposited 5,152 Bitcoins into a mainstream CEX on Thursday, valued at approximately $445 million based on current prices. This large transfer quickly drew significant market attention regarding potential selling pressure and market direction. Data shows that the trader was still increasing their Ethereum long positions earlier that same day. Before the US stock market opened, their on-chain holdings included about 203,341 ETH, 1,000 BTC, and 250,000 SOL, with the total value of their crypto assets reaching nearly $695 million, demonstrating their strong financial capacity and market influence.

Latest research shows that the decentralized prediction market platform Polymarket performs outstandingly in user retention, surpassing 85% of cryptocurrency platforms. The study was jointly released by data analytics platform Dune and market maker Keyrock, providing a systematic analysis of user behavior in the crypto industry. The results indicate that even when compared to mainstream DeFi protocols, crypto wallets, and centralized exchanges, Polymarket still exhibits stronger user stickiness. As a prediction market, Polymarket allows users to trade around real-world events, including election results, macroeconomic data, sports events, and social hot topics. These products combine information, judgment, and trading, making users not only speculators but also information participants. Data from Dune and Keyrock shows that Polymarket users are more inclined to revisit the platform repeatedly and continue participating in market trading, with an active cycle significantly longer than most crypto applications.

Canadian Imperial Bank of Commerce points out that the US non-farm employment data reflects further weakening of the labor market, while consumption remains strong, which may prompt the Federal Reserve to reassess its policy and increase the likelihood of rate cuts in 2026. A cooling labor market could influence the Fed's decision.

As the US dollar weakens, gold and silver prices continue to rise. Renowned gold bull and Bitcoin critic Peter Schiff has issued a strong bearish warning, stating that Bitcoin could be one of the first major assets to decline in the next market correction. This view has garnered widespread attention in the crypto market amid increasing macroeconomic uncertainty. Schiff believes that funds are flowing back into traditional safe-haven assets, and the continued strength of gold and silver prices is undermining the narrative of Bitcoin as a "digital safe-haven asset." He warns that investors who see Bitcoin as a hedge against dollar devaluation may face significant shocks when genuine systemic risks emerge.

Analyst Eamonn Sheridan pointed out that recent trade and investment data from Japan indicate that the central bank may raise interest rates by 25 basis points this week. November exports increased for the sixth consecutive month by 6.1%, surpassing market expectations, mainly benefiting from strong demand in the US and Europe.

Gate News Bot Message, December 16 — According to CoinMarketCap data, at the time of press, TRUTH (Swarm Network) is trading at $0.02, up 27.68% in the past 24 hours, reaching a high of $0.03 and a low of $0.01. The 24-hour trading volume is $10.3 million. The current market capitalization is approximately $37.9 million, an increase of $8.22 million from yesterday. Swarm Network is a decentralized real information verification platform that integrates distributed AI agent groups, zero-knowledge proofs, and blockchain technology. Its core product, Truth Protocol, aims to achieve real-time verification of any data by combining AI agent groups, cryptographic techniques, and zero-knowledge proofs, providing strong support for the next generation of decentralized applications. The platform is through mixing

Morgan Stanley's analysis indicates that due to expectations of interest rate cuts and a weak US dollar index, gold is expected to rise to $4,800 per ounce by Q4 2026, driven by central bank gold purchases and demand from stablecoin companies. Silver, on the other hand, due to strong investment demand, may face the risk of physical short squeezing.

MYX Finance (MYX) has increased by approximately 8% in the past 24 hours, with the price briefly surpassing the important technical and psychological threshold of $3, sparking widespread market attention. Several analysts believe that this rally is driven by the price breaking out of the downward channel, accompanied by increased trading volume and a rebound in short-term open interest, which has quickly shifted market sentiment. According to AMBCrypto's analysis, after breaking through the technical structure, the initial target for MYX was set at $3.45. However, the market development exceeded expectations, with MYX reaching a high of $3.9 on December 15, indicating strong bullish momentum. Currently, the $3.45 level has transformed from previous resistance into a potential support level. If the price can hold steady in this area, it may pave the way for further upward movement.

Moonrock Capital founder Simon Dedic expressed strong dissatisfaction with Circle's acquisition of Axelar, considering it morally problematic, and criticized the exclusion of Axelar's Foundation and AXL tokens, calling it a "criminal act."

Hasset was originally considered a strong candidate for Federal Reserve Chair, but his close relationship with Trump sparked opposition, reducing his chances from 80% to 51%. Meanwhile, Waller's chances rose to 44%. The market worries that Hasset's potential appointment could cause volatility and affect long-term yields. In response to criticism, Hasset reiterated the Federal Reserve's independence.

Golden Finance reports that analyst Giuseppe Dellamotta pointed out that Fed Chair Jerome Powell's dovish remarks support gold prices, with expectations that interest rates will decline in the future. The gold trend is influenced by labor market and economic data. Strong data may trigger hawkish adjustments, leading to a decline in gold prices, while weak data supports gold price increases.

Monero (XMR) experienced a slight correction last weekend, with the price declining approximately 4.09%, pulling back from around $419. This correction began in the $418–$420 range, which has repeatedly served as a key resistance level over the past six weeks. Previously, the market widely expected XMR to test $420 or even $450 after re-confirming the $360 support level. Currently, the $420 target has been validated, but the upward momentum is clearly lacking. From a weekly chart perspective, Monero still maintains an overall bullish pattern. After dropping below $367 (the 50% Fibonacci retracement level), the price quickly stabilized and rebounded to around $419. Meanwhile, the RSI remains around 59, indicating that the medium-term momentum still favors bulls. However, the volume indicator OBV has issued a warning signal. Over the past 7 months, the OBV peaks have been steadily declining, forming a clear bearish divergence with the price, suggesting that the rally has not been supported by strong genuine demand. Such a structure is often difficult to sustain over the long term.

As 2025 approaches its end, Wall Street stands at a crossroads. On one hand, the traditional "Christmas rally" in December has historically had a very high success rate; on the other hand, AI trading that has driven U.S. stock market gains over the past few years is facing unprecedented skepticism. This contradiction causes investors to hesitate between chasing gains and guarding against a pullback. Historical data shows that the Christmas rally typically covers the last five trading days of December and the first two trading days of January. Since 1929, there is about a 79% probability that the stock market will rise during this period, with an average return of approximately 1.6%. In the past eight years, there has only been one decline. However, the market’s strong consensus on this pattern has instead sparked concerns. Some investors believe that overly "crowded" trades tend to yield diminishing returns and may even trigger a market reversal.

Base co-founder Jesse was recently criticized by the community for supporting Soulja Boy in issuing the RUG token, questioning whether he was providing a platform for scammers. Earlier, ZachXBT revealed that Soulja Boy had been involved in multiple scams. Jesse's token promotions are also often accompanied by short-term speculation, showing unstable performance.

The US Treasury market is facing increased debate over the Federal Reserve's interest rate cut prospects. Bond traders forecast two rate cuts next year, driving strong performance in government bonds. Labor market and employment data will influence the direction of interest rates, with traders expecting rates to stabilize around 3.2%.

Market analyst Jeff Parker pointed out that long-term Bitcoin investors who sell covered call options are putting downward pressure on the spot price of Bitcoin. Market makers hedge their risks by selling BTC in the spot market, which, even with strong ETF investor demand, continues to exert downward pressure on prices.

Odaily Planet Daily reported that the S&P 500 Index closed at a new all-time high again on Thursday. While this is not uncommon in 2025, it has been six weeks since the last record was broken. Ed Clissold, Chief US Strategist at Ned Davis Research, said, “Considering that US companies continue to deliver strong earnings reports, and the US economy has proven to be resilient, the current market sentiment is far from euphoric, which means there is still room for further gains by the end of the year and into early next year.” Noticing that investor enthusiasm is not only subdued at Ned Davis Research, even though the stock market is at an all-time high. Barclays’ “Stock Market Euphoria Indicator” has stabilized but remains well below its early October peak, indicating that the market still has “dry gunpowder” to drive potential year-end gains. (Jinshi)

BlockBeats News, December 12th, at the recently concluded Abu Dhabi BNB Hackathon, CZ and DragonVerse founder Natsuki engaged in a highly aligned and forward-looking in-depth discussion on the immense development potential of culture and IP on the blockchain. CZ expressed strong anticipation for this development direction on-site and stated, "Welcome IPs like Dragon Ball to BNB."

The UK Cross-Party Parliamentary Group calls on the Chancellor to oppose the Bank of England's proposal to set limits on stablecoin holdings, arguing that this policy would hinder digital asset innovation and could lead to capital outflows. Last month, the Bank of England proposed to impose restrictions on the amount of stablecoins held by individuals and businesses, facing strong opposition from cryptocurrency companies.

BlockBeats News, December 12 – Liquid Capital (formerly LD Capital) founder Yilihua posted on social media, expressing continued strong optimism for Ethereum. The reasons are as follows: First, the Wall Street consensus is strengthening: the SEC Chair's latest statement that "financial migration to the chain" is underway, with U.S. political and economic elites working together to promote the tokenization of U.S. debt, with Ethereum as the core platform. Second, Fusaka's upgrade reshapes value: Blob fees have surged dramatically, with over 1500 tokens burned in a single day.

CryptoQuant analyst DarkFrost pointed out that earlier this month, "accumulator" addresses of Bitcoin increased their holdings by over 75,000 coins, demonstrating a strong investment willingness. These addresses collectively hold about 315,000 Bitcoins and continue to increase their holdings, unaffected by market momentum.

Foresight News现场报道，Solana Co-founder Anatoly Yakovenko stated at the Solana Breakpoint conference that the key to growth lies in continuously building products that people need. He emphasized that stablecoins are the current clear direction, with an expectation that 1 to 10 trillion US dollars worth of stablecoins will be on-chain in the future, driving the tokenization and on-chain of approximately 500 trillion US dollars in global assets. He pointed out that the strong property rights protection brought by public chains and cryptography do not conflict with free-market capitalism and Wall Street logic but instead complement each other by eliminating faults and risks through software, allowing the financial scale of Wall Street to expand at a faster pace. He stressed that stablecoins are an expansion rather than a replacement of the US dollar. Layer 1, especially PoS networks, have clear value capture mechanisms. Solana aims to occupy as much as possible in this competitive landscape.

Odaily Planet Daily News: Cryptocurrency analyst Jason Pizzino's latest research indicates that Bitcoin price may not touch its long-term bottom until October 2026. Currently, BTC trading volume continues to decline, resembling the pattern seen from late 2022 to early 2023, which reduces the likelihood of a short-term bull market return. Meanwhile, CryptoQuant data shows that the share of large investors' deposits on exchanges has dropped from 47% in mid-November to the current 21%, with the average deposit size decreasing by 36%, indicating that selling pressure is weakening. If this trend continues, BTC price is expected to rebound to $99,000. Analysts point out that the 200-day simple moving average acts as a strong resistance, market risk appetite is insufficient, and Bitcoin may need to go through a consolidation period before a new round of market activity begins. (Cointele)

The Federal Reserve cut interest rates by 25 basis points as scheduled, and the market reacted quickly, with Ethereum emerging as the biggest winner. Although Bitcoin hovered around $92,000, ETH successfully held its pre-meeting gains above $3,300, highlighting its sensitivity to liquidity cycles. This round of gains was not driven by leverage but by a structural reevaluation fueled by spot demand. CryptoQuant data shows that despite ETH prices rising, the funding rates in the derivatives market remain low, indicating that the typical high-leverage bubbles associated with upward movements have not appeared. On-chain data also supports this trend. Santiment reports that in the three weeks leading up to the Federal Reserve meeting, "whales" and "sharks" accumulated approximately 1 million ETH, worth over $3.1 billion. This suggests that institutions were betting early on a continued easing cycle by the Fed rather than aggressive tightening. Meanwhile, the approximately $66.5 billion in stablecoin reserves (dry powder) on exchanges provides strong potential buying pressure for the rally.

Author of The Big Short and well-known investor Michael Burry recently issued a strong warning regarding the Federal Reserve's plan to purchase $40 billion worth of T-bills within a month. He believes that this move exposes the structural fragility of the U.S. banking system rather than stability as perceived by the outside world. At the same time, this policy direction could create new downward pressure on Bitcoin (BTC) and the broader crypto market. Federal Reserve Chairman Powell stated that this bond purchase is a "reserve management operation" and not quantitative easing (QE). However, Burry pointed out that the Fed has continued to expand its balance sheet while the banking system is under pressure, indicating that the market still struggles to move away from liquidity support. He emphasized that bank reserves have now exceeded $3 trillion, far above the $2.2 trillion level before the 2023 regional banking crisis. He warned that if the banking system must rely on such a large "lifeline" of liquidity, it is not strong but fragile.

Sei (SEI) price tests the $0.14 key resistance level again amid surging trading volume, and its new integration with Xiaomi Wallet has also drawn market attention to its long-term potential. As of now, SEI is priced at $0.1421, up 2.1% in the past 24 hours, up 2.3% over the past week, but down 24% over the past 30 days, remaining in a generally weak structure. The rapid increase in market activity is the core driver of recent market trends. In the past 24 hours, SEI's spot trading volume surged 261% to $237 million. Derivatives data is also strong, with open interest increasing 8.7% to $100 million, and derivatives trading volume rising 202% to $400 million. This indicates that funds are establishing new positions, which typically suggests that a directional breakout in the market is imminent.

Stellar (XLM) shows a new TD Sequential “9” buy signal near a key support zone, and analysts believe this could lead to a rebound in price. According to recent insights from crypto market analyst Ali Martinez, the technical signals appearing on the weekly chart are highly similar to the patterns observed before XLM's strong upward movements in the past, but whether the trend can be confirmed still depends on buying demand. Martinez pointed out in a public chart that XLM has again touched the demand zone and a TD Sequential “9” signal has appeared at that level. The last time this signal appeared, XLM's price nearly doubled, making this zone a historically strong support level. The current structure shows that Stellar has significantly pulled back from the summer highs and is in a consolidation phase, echoing the patterns seen before previous upward rallies.

Led by Tom Lee, co-founder of Fundstrat, Ethereum vault company BitMine has once again increased its bet on Ethereum. According to Arkham data cited by EmberCN, BitMine purchased 33,504 ETH through FalconX on Wednesday, with a total value of approximately $112 million. Although the company has not officially confirmed the transaction, its recent accumulation pace aligns with its established strategy. BitMine is one of the world's largest Ethereum vault institutions. This year, it has continued to expand its holdings and reaffirmed its long-term goal — holding 5% of the total ETH supply. According to its latest 8-K filing, as of December 7, BitMine held 3,864,951 ETH, 193 BTC, $1 billion in cash, and $36 million in Eightco Holding shares (the company associated with the Worldcoin WLD token).

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.

Cardano (ADA) is trading higher today and is the brightest spotlight in the cryptocurrency market. ADA's 8% increase in a single day, accompanied by a 72% surge in trading volume, successfully led to a recovery in overall altcoin sentiment and injected new liquidity and confidence into the market. As ADA's price gains momentum, traders and investors are turning their attention to Cardano, propelling it into the current dominant force in the market. This rally is driven by multiple factors, including Cardano's steady progress in technology development, improved overall market sentiment, and strong demand from traders for high-momentum assets following recent consolidation. Cardano is more attractive in a highly volatile market environment with a clear direction and good fundamentals, making it one of the top choices for traders when chasing clear trends.

Solana (SOL) price is approaching the key resistance level of $140, and several on-chain and derivatives indicators suggest that it may be in a "deep cycle reset" phase, signaling a potential strong rally. On December 10, SOL was trading at $138, up 5% in 24 hours, but still down 17% over the past month. Over the past week, the price has traded sideways between $128 and $145, but it has been accompanied by a significant increase in volume. Yesterday's trading volume reached $6.97 billion, a year-on-year increase of 34%, indicating a rise in interest in the spot and futures markets. According to CoinGlass data, Solana derivatives volume increased by 23% to $18 billion, and open interest (OI) rose to $7.25 billion. An increase in OI during a sideways price movement usually means that traders are accumulating positions to lay out in advance for potential trend reversals.

Hyperliquid (HYPE) has recently seen large whale buying, with the two major wallets investing a total of more than $4.2 million, breaking the current bearish sentiment with strong capital inflows. These large holders are not only actively adding to their positions at the current price but also retaining large USDC reserves, hinting at the possibility of continued buying in the future. However, retail investors remain cautious, leaving the market divided between confidence and hesitation. Despite strong inflows, HYPE's technical structure remains weak. The price continues to move along a narrow descending channel, forming lower highs and lows. $35.48 emerged as a key resistance level that failed to break through multiple attempts. The MACD maintains a bearish stance with the line below the signal line and the momentum bar continues to be weak. The RSI is close to 34, which also indicates that sellers are dominant. However, the price is approaching a psychological support zone that has seen multiple rallies in history and could be a key area for bulls to watch in the short term.

Aave Labs has officially submitted a governance proposal, planning to deploy Aave V0 on Day 3 of the MegaETH mainnet launch to lock in early liquidity and meet strong lending demand. The proposal, released on December 8, restarted previous discussions about MegaETH deployment and updated the provisions with the participation of risk service providers. Aave said that MegaETH is completing the construction of key infrastructure such as oracles, and as the mainnet approaches, the team believes that V3 should be deployed as soon as it goes live to convert early network activity into protocol use. The first-mover advantage will help Aave prioritize attracting lending and asset supply demand before liquidity is dispersed across multiple protocols.

XRP quickly pulled back after briefly touching the $2.12–$2.17 range, showing clear selling pressure. Despite institutional investors driving a nearly 38% surge in volume, the price failed to extend its rally and its overall performance lagged behind the crypto market, highlighting that the supply headwinds behind the rally have not been lifted. XRP rose 0.50% to $2.0925 during Tuesday's session, but weakened by the overall market performance. Notably, the trading volume surged by 37.94% year-on-year and saw a high turnover of 189.7 million tokens during the breakout attempt, which usually means that institutional funds are more inclined to use liquidity windows to reduce positions rather than add to them. This trend of "rising and falling" reflects a typical distribution pattern.

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."

PANews reported on December 10 that according to Cryptopolitan, Russia's largest securities market, the Moscow Exchange (MOEX), announced that the platform's cryptocurrency futures trading volume reached 48.7 billion rubles (about $636 million) in November, a record high. The exchange explained that the high volatility of the crypto market has sparked strong interest from accredited investors in Russia. The Moscow Exchange also said that as of the end of last month, the overall trading volume of its derivatives market reached 11.7 trillion rubles, an increase of 15.8% from November 2024. The volume of open interest in its exchange-traded derivatives market exceeded 2.7 trillion rubles, an increase of 22.7% compared to the same period last year. More than 135,000 customers trade futures and options on the exchange, with individual investors accounting for nearly 55% of the total trading volume of derivatives traded on the exchange.

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.