TokenomicsTrapper

Bitcoin's year-end performance fell short of expectations, with the closing price approaching $87,000, well below the experts' forecast of $175,000 to $500,000. Limited liquidity and changes in market structure have made prices less susceptible to sentiment, highlighting a gap between actual operations and public opinion.

The December cryptocurrency trading market clearly cooled down, with centralized trading platforms' spot trading volume dropping to $11.3 trillion, a 32% decrease compared to November. Decentralized trading is also not optimistic, with total trading volume falling to $245 billion, a 20% decrease month-on-month. Analysts believe that seasonal sentiment and market volatility have suppressed trading volume.

Coinglass data shows that ETH on-chain contract holdings have increased by 5.18% over the past day, reaching over $39 billion. A leading exchange's holdings are the most prominent, reaching $8.58 billion, while other mainstream platforms also performed well. This reflects increased market participation and bullish confidence, but attention should be paid to price movements.

South Korean crypto trading platform Bithumb announced that out of 2.6 million accounts, over $200 million in customer assets are dormant. Some accounts have been inactive for up to 12 years, with returns reaching 610 times. Bithumb will initiate actions to help users recover these forgotten assets and remind participants to properly safeguard their account information.

Market observers are watching Bitcoin's decline, with the Copper-Gold ratio and RSI indicators suggesting a potential rebound. Large whale sell-offs have slowed, and traditional safe-haven funds may be shifting into cryptocurrencies. However, institutional outflows continue, retail panic is intensifying, and the market is still searching for a clear direction.

【Blockchain Rhythm】 Traders who have recently been watching Ethereum's price movements might be pondering the risks at key levels. According to on-chain data from Coinglass, the current liquidation situation in the market is quite noteworthy.
Specifically, if Ethereum drops below $2900, the liquidation intensity of long positions on major CEXs will accumulate to around 7.84 billion. Conversely, if Ethereum can break through $3100, the short position liquidation intensity will reach 9.23 billion.
Many beginners might have some misconceptions about the liquidation chart. This tool does not show the exact number of contracts pending liquidation, nor does it display the precise value of liquidated contracts. The bars on the liquidation chart actually reflect the relative importance of each liquidation cluster compared to surrounding clusters — we call this "intensity."
In other words, this chart shows how much impact the price of the underlying asset will experience when reaching a certain level. The taller the bar, the more the price

In 2025, the United States Bitcoin spot ETF saw a total net inflow of $22.9426 billion throughout the year, but there was a withdrawal of funds at the end of the year, with outflows of $3.1564 billion and $1.6378 billion in November and December respectively, reflecting market profit-taking and risk caution. Nevertheless, the annual funds remained at a relatively high level, indicating that the fundamental support for Bitcoin ETFs remains strong.

【Blockchain Rhythm】Latest data shows that the cryptocurrency fear and greed index on January 1st has dropped to 20, lower than the previous day's 21, indicating that the market has already fallen into a state of "Extreme Fear."
How is this index calculated? In simple terms, it combines six key dimensions: volatility (the largest at 25%), trading volume (also 25%), social media buzz (15%), market surveys (15%), Bitcoin's dominance in the entire crypto market (10%), and Google search trend analysis data (10%).
What do these numbers reflect? When the index continues to decline within the range of 0-100, especially dropping into extreme values like 20, it indicates not only intense market volatility and low trading activity but also a decline in public sentiment and market participation. Investors' anxiety has spread from on-chain data and trading behavior to the entire market.

An institutional account on a leading compliant platform has just transferred 586 Bitcoins to an unfamiliar address, attracting market attention. This transaction may indicate asset reallocation or cold wallet storage, and subsequent movements will influence market sentiment. Whale transfer actions often signal market trends.

Recently, the USDC issuer burned $50 million worth of USDC on Ethereum. This large-scale burn indicates a reduction in circulating supply, which may be related to market strategy adjustments or redemption demands. Such transactions are crucial for understanding market liquidity and the stablecoin ecosystem.

On December 27th, a security vulnerability was exposed on the Flow network, allowing hackers to mint大量 tokens. A major exchange intervened to track and freeze funds, but the project team lacked response, raising concerns. The CEX compensation logic needs clarification, and industry insiders are looking forward to an official analysis report, emphasizing transparency and accountability. This incident highlights the risks and governance challenges within the Web3 ecosystem.

The capital flow of Bitcoin ETF has changed. After experiencing 7 days of net outflows, it achieved a net inflow of $355 million on December 30. This shift indicates an improvement in investor sentiment, potentially signaling strengthened market bottom support. Holders and traders should closely monitor this data.

【ChainNews】As 2025 draws to a close, take a look at what a leading trading platform has accomplished this year. From Asia's Consensus HK, GM Vietnam, Coinfest Asia, to Europe's FinanceMalta, WebX, and in Latin America, Blockchain Conference Brasil… this platform has appeared on the top stages of the global crypto scene. The main stage features keynote speeches and panel discussions, frontline community interactions, and various showcases of the ecosystem—demonstrating one thing through action: pushing the Web3理念 from the geek circle to a broader audience.
Interestingly, this platform is not just making a name for itself at conferences. The 12th anniversary global celebration, exclusive sponsorship of the Token of

Recently, large Bitcoin holders have stopped selling, and net supply has returned to neutral levels, suggesting limited downside potential. This could lead to market supply being locked, making prices more responsive to demand, thereby driving prices higher.