According to Cointelegraph, Bitcoin's short-term holders (STHs) have demonstrated resilience despite the cryptocurrency's negative year-to-date (YTD) performance and its struggle to surpass the $100,000 mark. Throughout 2025, STHs have managed to log profits for 66% of the year, even as Bitcoin traded below its yearly opening price. The STH realized price at $81,000 has served as a pivotal sentiment marker, delineating phases of panic and recovery. Unrealized losses have narrowed from -28% to -12%, indicating a reduction in capitulation. Bitcoin's price volatility in 2025 can be attributed to the behavior of the 1–3 month STH cohort. The cryptocurrency's price has frequently interacted with its realized price, resulting in alternating periods of net-unrealized profit/loss (NUPL) profitability and losses. Early in the year, Bitcoin remained above this cost basis for nearly two months, providing STHs with sustained profits. However, a shift in February and March saw prices dip below the cohort's realized price, leading to one of the year's longest stretches of losses. Momentum shifted dramatically from late April through mid-October, with Bitcoin experiencing a 172-day period of predominantly profitable STH activity. Despite a softening broader trend, these recoveries elevated STH profitability beyond market expectations. In late October, the market fell below the realized price once more, initiating a 45-day period of STH losses coinciding with an expanding red NUPL region. The profitability of STHs in 2025 has been influenced more by Bitcoin's ability to reclaim its cost basis than by its directional trend. These repeated rebounds, even within a negative YTD environment, have allowed short-term holders to achieve a two-thirds profit ratio. As Bitcoin rebounded toward $92,500, STH unrealized losses compressed from -28% to -12%, suggesting a decrease in forced selling and emotional exhaustion. The STH realized price at $81,000 remains a psychological fulcrum, marking transitions from capitulation to stability. New investors entering the market within days to weeks are hovering near breakeven, reinforcing this stabilizing structure. If Bitcoin continues to improve STH profitability while maintaining its position above the $81,000 foundation, the late-year correction may be nearing completion, potentially setting the stage for the next expansion phase. This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision. Cointelegraph does not guarantee the accuracy, completeness, or reliability of any information in this article.

TIX is developing a DeFi-based settlement layer for live events, using onchain tickets to unlock venue financing and simplify payouts. source: https://cointelegraph.com/news/tix-defi-onchain-settlement-live-event-ticketing?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound

Recent on-chain signals suggest that the current phase is being shaped less by panic selling and more by deliberate positioning […] The post Bitcoin Market Enters Distribution Phase as Veteran Holders Lock In Profits appeared first on Coindoo. source: https://coindoo.com/market/bitcoin-market-enters-distribution-phase-as-veteran-holders-lock-in-profits/

Short-term Bitcoin traders were profitable for 229 days this year despite the recent 30% correction in BTC price. Will this trend carry over into 2026? source: https://cointelegraph.com/news/bitcoin-holders-were-in-profit-for-66percent-of-2025-what-will-next-year-bring?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound

Crypto exchange Coinbase is set to launch its own prediction market as they surge in both popularity and scrutiny. source: https://decrypt.co/352224/coinbase-prediction-market-tokenized-equities-launch-december-17

null source: https://x.com/CoinMarketCap/status/1999576522219250094

The rejection triggered renewed selling pressure across the market, extending a broader pullback that has weighed on sentiment throughout the […] The post Bitcoin Price Faces Renewed Pressure as Analysts Flag Key Risks appeared first on Coindoo. source: https://coindoo.com/market/bitcoin-price-faces-renewed-pressure-as-analysts-flag-key-risks/

Stablecoin giant Tether has made a historic all-cash bid to acquire Juventus Football Club, attempting the most ambitious crossover between crypto and elite global sports. source: https://ambcrypto.com/crypto-buys-football-tether-makes-historic-bid-to-acquire-juventus-football-club/

DeFi proponents are pushing back against Citadel Securities' stance that the SEC should impose stricter rules on DeFi. source: https://www.theblock.co/post/382421/defi-groups-fire-back-against-citadel-securities-call-for-flawed-sec-tokenization-rules?utm_source=rss&utm_medium=rss

Phantom has expanded beyond traditional wallet functionality by integrating a new prediction trading hub directly into its app, following a partnership with Kalshi, a federally regulated event trading exchange. The feature allows users to trade on the outcomes of real-world events, ranging from sports and politics to economic data, without leaving the Phantom interface. source: https://www.ethnews.com/phantom-turns-its-wallet-into-a-regulated-prediction-trading-hub/

在大西洋彼岸，汇款一直都很可靠快捷。这或许是美国人乐于接受“稳定币”作为银行体系替代方案的原因之一。

金色财经推出《金色Web3.0日报》，为您提供最新、最快的MEME、DeFi、DAO、NFT和元宇宙行业新闻。

对于拥有庞大用户基础的平台来说，稳定币不只是跨境支付工具，而是一条可以重塑收入结构与用户关系的基础金融轨道。

RWA,香港试点计划引爆热议：RWA 如何从概念炼成现实资产？ 金色财经,以试点探路，香港构建 RWA 落地务实路径。

Coinbase 孵化的开源支付协议 x402 发布 V2 版本。这是自 2025 年 5 月主网上线以来的首次大版本迭代。

玻利维亚政府宣布了一项重大政策—将稳定币纳入其正式金融体系，让稳定币能够“作为法定支付工具”使用。

Binance,加密货币,Hash Global 创始人 KK 聊 BNB 数字资产配置和 Web3 发展阶段 金色财经,「未来所有资产都将发行和交易在链上。」

x402协议,AI Agent,支付,聊聊x402的V2升级 分享一些关键点 金色财经,分享关于x402协议V2升级较关键的几个点。

美国,SEC,OCC,美SEC和OCC监管动作频繁 有何启示？ 金色财经,本文聚焦美国SEC和OCC近期的监管动作。

Coinbase推出了x402协议的V2版本。该版本在V1基础上进行了优化，从单一调用支付扩展为统一的互联网支付层。