Key TakeawaysBitcoin price trades below the 365-day moving average, signaling weakened trend supportBitcoin ETF holdings fall by 24,000 BTC in Q4 2025, showing reduced institutional interestOn-chain data shows slowing Bitcoin demand growth since October 2025Bitcoin Price Weakens As Demand SlowsBitcoin has remained under pressure after falling below its 365-day moving average near $98,172, a key long-term support. Analysts at CryptoQuant say Bitcoin demand growth dropped below trend in early October 2025, removing a major source of bullish momentum.On-chain data shows apparent Bitcoin demand contracted through Q4 2025, reinforcing concerns about declining buying pressure. BTC currently trades near $88,350, well below its annual trend level. ETF Outflows Signal Cooling Institutional InterestThe latest Bitcoin ETF update shows a sharp shift in behavior from large investors. Total BTC held in ETFs declined by about 24,000 BTC in Q4 2025, according to CryptoQuant.This marks a “sharp contrast” to Q4 2024, when ETFs accumulated aggressively following U.S. spot ETF approvals. Analysts say falling ETF balances reflect reduced institutional interest and weaker conviction. Market Indicators Flash Bearish SignalsPerpetual futures funding rates have dropped to their lowest levels since December 2023, suggesting muted leverage demand and lower trader confidence. CryptoQuant views this as another confirmation of a developing bear cycle.Source: CoinMarketCapMeanwhile, the Crypto Fear & Greed Index remains in Extreme Fear, scoring 20, while the Altcoin Season Index shows it is now Bitcoin Season with a reading of 17/100. These metrics indicate risk-off positioning across the broader crypto market. Bitcoin VS. Gold Is Key BattlegroundBitcoin’s ratio against gold has fallen to around 20 ounces, a level historically linked to bull-bear transitions. Some analysts warn that losing this support could confirm a longer-term downtrend.However, analyst Michaël van de Poppe notes a potential bullish divergence in the BTC/gold RSI, arguing Bitcoin may be undervalued while gold appears stretched. Weekly RSI near 29.5 signals conditions not seen in nearly three years. Bitcoin Outlook in 2026: Caution Or RecoveryOutlooks for Bitcoin forecast 2026 remain divided. Santiment founder Maksim Balashevich says social sentiment lacks sufficient fear, leaving room for a drop toward $75,000. Fidelity’s Jurrien Timmer has suggested a deeper retracement toward $65,000.In contrast, analysts like Bitwise CIO Matt Hougan expect 2026 to be an “up year,” citing potential rate cuts and renewed demand for digital assets. Much depends on macro policy shifts, ETF flows, and whether selling pressure stabilizes.

The cryptocurrency industry expressed regret over Senator Cynthia Lummis's announcement that she will not seek re-election in 2026. Lummis stated that while she is a devout legislator, she feels she lacks the energy to sustain another six-year term. Collin McCune, head of government affairs at a16z, commented that the crypto industry would not be where it is today without Lummis's efforts in Congress. David Sacks, White House director of AI and cryptocurrency, praised her as a great ally in the crypto space. Previously, Lummis had strongly advocated for the Responsible Finance Innovation Act and the American Clarity Act, aiming to provide regulatory clarity for digital assets. Kyle Samani, managing partner at Multicoin, stated that although Lummis has decided to leave office, policy-making is not yet complete, and legislation still needs to be passed in 2026.

This week, 24 blockchain startups secured funding, raising a total of $335.1 million. RedotPay raised $107 million in its Series B funding round, the largest funding round of the week.

BTC hovers at $88,000 but the bulls await further north. source: https://cryptopotato.com/explosive-bounce-incoming-what-the-rsi-signal-says-about-btcs-next-move/

VanEck updates AVAX ETF plan to include staking rewards, enhancing investor returns through Coinbase Crypto Services. source: https://coincu.com/news/vaneck-avax-etf-staking-update/

According to Murphy's monitoring, on-chain data shows signs of market sentiment recovery. Between November 13th and November 25th, the number of addresses switching from holding BTC to completely liquidating their positions surged. This period coincided with a rapid and significant drop in BTC price, reflecting market panic and pessimism. Subsequently, during the repeated bottoming-out of BTC from December 1st to December 18th, the number of liquidating addresses began to decrease. This phenomenon aligns with bullish behavior and sentiment changes in the futures market. Over the past 30 days, liquidating addresses are defined as addresses whose account balance was greater than zero 30 days ago but have now been emptied, reflecting investors' complete exit from positions under price and time pressure.

A bipartisan group of U. S. lawmakers has introduced a draft proposal aimed at easing the tax burden on everyday digital asset use. Max Miller and Steven Horsford have released a discussion draft of the Digital Asset PARITY Act, which would exempt small stablecoin transactions from capital gains taxes source: https://www.ethnews.com/bipartisan-house-bill-proposes-200-tax-exemption-for-stablecoin-payments/

According to BlockBeats, data analyst Murphy has observed signs of sentiment recovery in on-chain data. Between November 13 and 25, there was a significant increase in the number of addresses transitioning from 'holding BTC' to 'fully liquidating,' coinciding with the fastest and largest decline in BTC prices during the same period. This surge in liquidation reflected market panic and pessimism. However, from December 1 to 18, BTC repeatedly tested lower levels, and the number of liquidation addresses began to decrease. This trend aligns with bullish behavior and sentiment changes observed in the futures market.

According to Chainalysis, North Korean hackers stole a record $2.02 billion in cryptocurrency in 2025, a 51% increase from 2024, accounting for 76% of the total global cryptocurrency service thefts that year. While the number of attacks decreased significantly, the profitability of individual attacks increased dramatically, with the Bybit attack in February resulting in a loss of $1.5 billion. Since records began, North Korean entities have stolen a total of $6.75 billion. In a preview of its 2026 Cryptocrime Report, Chainalysis noted that North Korean hackers have shifted their targets from decentralized finance protocols to core infrastructure such as centralized exchanges. Their money laundering patterns are characterized by high frequency and small amounts, with over 60% of funds split into transactions under $500,000. Furthermore, hackers are using social engineering techniques, such as impersonating recruiters or strategic partners, to gain system access. Experts urge the industry to adopt behavioral pattern-based monitoring tools to combat increasingly sophisticated state-sponsored cybercrime.

في خطوة تهدف إلى تحويل المملكة المتحدة إلى مركز عالمي لتكنولوجيا الأصول المشفرة، كشفت الخزانة البريطانية عن ملامح الإطار التنظيمي الجديد الذي سيحكم أسواق العملات الرقمية. تأتي هذه القواعد لتنهي حالة “الفراغ القانوني” وتضع الأصول الرقمية تحت مظلة رقابية مشابهة للخدمات المالية التقليدية. جوهر القواعد الجديدة: حماية المستهلك ونزاهة السوق تركز الحكومة البريطانية في مسودتها … source: https://btcacademy.online/%d8%a8%d8%b1%d9%8a%d8%b7%d8%a7%d9%86%d9%8a%d8%a7-%d8%aa%d8%b6%d8%b9-%d8%ad%d8%ac%d8%b1-%d8%a7%d9%84%d8%a3%d8%b3%d8%a7%d8%b3-%d9%84%d9%80-%d8%b9%d8%b5%d8%b1-%d8%aa%d9%86%d8%b8%d9%8a%d9%85%d9%8a/?utm_source=rss&utm_medium=rss&utm_campaign=%25d8%25a8%25d8%25b1%25d9%258a%25d8%25b7%25d8%25a7%25d9%2586%25d9%258a%25d8%25a7-%25d8%25aa%25d8%25b6%25d8%25b9-%25d8%25ad%25d8%25ac%25d8%25b1-%25d8%25a7%25d9%2584%25d8%25a3%25d8%25b3%25d8%25a7%25d8%25b3-%25d9%2584%25d9%2580-%25d8%25b9%25d8%25b5%25d8%25b1-%25d8%25aa%25d9%2586%25d8%25b8%25d9%258a%25d9%2585%25d9%258a

أثار مستخدمو منصة (X) نقاشاً حاداً حول ما يبدو أنه “رسائل متضاربة” صادرة عن قادة شركة Fundstrat للبحوث، مما دفع المؤسس المشارك توم لي (Tom Lee) للرد وتوضيح اللبس. أصل الخلاف: توقعات قصيرة ضد رؤية بعيدة بدأ الجدل عندما نشر أحد المستخدمين لقطات شاشة تظهر تبايناً في التوقعات بين اثنين من كبار المحللين في الشركة: … source: https://btcacademy.online/%d8%aa%d8%b6%d8%a7%d8%b1%d8%a8-%d8%a3%d9%85-%d8%aa%d9%83%d8%a7%d9%85%d9%84%d8%9f-%d8%aa%d9%88%d9%85-%d9%84%d9%8a-%d9%8a%d8%b1%d8%af-%d8%b9%d9%84%d9%89-%d8%a7%d9%84%d8%ac%d8%af%d9%84-%d8%ad%d9%88%d9%84/?utm_source=rss&utm_medium=rss&utm_campaign=%25d8%25aa%25d8%25b6%25d8%25a7%25d8%25b1%25d8%25a8-%25d8%25a3%25d9%2585-%25d8%25aa%25d9%2583%25d8%25a7%25d9%2585%25d9%2584%25d8%259f-%25d8%25aa%25d9%2588%25d9%2585-%25d9%2584%25d9%258a-%25d9%258a%25d8%25b1%25d8%25af-%25d8%25b9%25d9%2584%25d9%2589-%25d8%25a7%25d9%2584%25d8%25ac%25d8%25af%25d9%2584-%25d8%25ad%25d9%2588%25d9%2584

主题包括Cryptomoney、TradFi、Chains、DeFi、AI、DePIN 以及消费级应用。

My career has witnessed the creation of three venture capital funds and one hedge fund from scratch.

Jinse Finance launches its daily cryptocurrency and blockchain news bulletin, "Jinse at 8 AM," issue 2915, providing you with the latest and fastest news on the digital currency and blockchain industry.

Arthur Hayes: Once the market realizes that Reserve Management Purchases (RMP) are essentially the same as Quantitative Easing (QE), BTC will quickly rebound to $124,000 and rapidly challenge $200,000.

Crypto Market Trends, Market Conditions, Abandon Illusions – Prepare for the Most Arduous Moment in the Crypto Market. Golden Finance wishes you good luck.

On November 28, 2025, the People's Bank of China, together with thirteen other departments including the Ministry of Public Security, the Supreme People's Court, and the Supreme People's Procuratorate, convened a meeting of the "Coordination Mechanism for Combating Virtual Currency Trading and Speculation".

On October 27, 2025, Pan Gongsheng, Governor of the People's Bank of China, reiterated at the Financial Street Forum that the policies on preventing and dealing with the risks of virtual currency trading speculation since 2017 have remained effective.

Policy, Cryptocurrency, Bhutan Makes a Big Bets on Bitcoin to Build a Future Economic Hub (Golden Finance): Selling Cryptocurrencies Is Not as Good as Building a City; Bhutan Initiates a Hardcore Transformation.