CryptoQuant analyst Axel AdlerJr wrote that Bitcoin's price has fallen below the average purchase price of short-term holders (i.e., the STH-SOPR (30D) shown in the chart has fallen to 0.98). Two on-chain indicators show increasing selling pressure from new market participants. The SOPR 30D indicator measures the average token sale by short-term holders: above 1 indicates a profitable sale, and below 1 indicates a loss-making sale. The chart shows that the 30-day SOPR moving average has fallen to the 0.98 area, meaning that short-term holders are selling tokens at a loss on average. Further declines in this indicator will exacerbate selling pressure and lead to new local lows. The current market exhibits strong risk aversion towards short-term positions. Key reversal confirmation signals: price rises above the actual STH price, and SOPR rises above 1.

According to BlockBeats, CryptoQuant analyst @AxelAdlerJr has reported that Bitcoin's price has fallen below the average purchase price of short-term holders, as indicated by the STH-SOPR (30D) metric, which has dropped to 0.98. This suggests that selling pressure from new market participants is rising. The SOPR 30D metric assesses the average token sales of short-term holders, with values above 1 indicating profitable sales and values below 1 indicating sales at a loss. The chart reveals that the 30-day SOPR moving average has declined to the 0.98 region, signifying that short-term holders are, on average, selling tokens at a loss. A further decline in this metric could intensify selling pressure and lead to new local lows. Currently, the market exhibits a strong risk-averse sentiment among short-term holders. A key reversal confirmation signal would be a price recovery above the actual price for short-term holders and a SOPR increase above 1.

Vincent Chung, a portfolio manager at T. Rowe Price, said the Bank of Japan may raise interest rates more aggressively than the market expects. Japan's economy is performing slightly better than generally anticipated, although some slowdown is evident. Importantly, inflation remains persistent, and we continue to see upward pressure on wages. The market recently shifted its expectations for the next BOJ rate hike from January to this month, and current market pricing suggests only one rate hike is expected in 2026. T. Rowe Price believes there could be two rate hikes next year. (Jinshi)

2025 saw many milestones in the crypto industry, with increasingly clear policies driving large-scale institutional entry, but also accompanied by hacker attacks and market volatility. The following is a timeline of the most noteworthy industry events of the year.

من المتوقع أن تفتتح الأسواق الأوروبية تداولات يوم الخميس على انخفاض. وفي المقابل، يستعد المتداولون لسلسلة قرارات مهمة من البنوك المركزية. ومن ناحية أخرى، تشير التوقعات إلى تراجع مؤشر فوتسي البريطاني بشكل طفيف. كما يُتوقع أن ينخفض مؤشر داكس الألماني بنسبة 0 source: https://www.twsiat.com/%d8%aa%d9%81%d8%aa%d8%aa%d8%ad-%d8%a7%d9%84%d8%a3%d8%b3%d9%88%d8%a7%d9%82-%d8%a7%d9%84%d8%a3%d9%88%d8%b1%d9%88%d8%a8%d9%8a%d8%a9-%d8%aa%d8%af%d8%a7%d9%88%d9%84%d8%a7%d8%aa-%d8%b9%d9%84%d9%89-%d8%a7/

Ethereum's exchange supply ratio has dropped to 0. 137 across all platforms, marking the lowest since 2016. source: https://www.cryptopolitan.com/ethereum-supply-on-exchanges-hits-atl/

According to BlockBeats, SlowMist's Cosine reported on the X platform that the SlowMist team has identified serious vulnerabilities in two trading platforms, which directly impact the security of funds. Attempts to contact the platforms have been unsuccessful, and public outreach has also yielded no response. Cosine noted that one platform has a 24-hour trading volume of $3.7 billion, while the other has a volume of $240 million. A tweet from the SlowMist team account indicated that they had proactively reached out to a trading platform named 'ICRYPEX Global' the previous day.

Cryptocurrency analyst Willy Woo expressed concerns Wednesday over the perceived quantum risk affecting Bitcoin’s (CRYPTO: BTC) adoption. source: https://www.benzinga.com/crypto/cryptocurrency/25/12/49470263/bitcoin-adoption-slowing-due-to-perceived-quantum-risk-popular-analyst-says-what-matters-is-if-investors-can-sniff-the-peril?utm_source=cryptopanic.com&utm_campaign=partner_feed&utm_medium=referral

Bitcoin’s price swings are becoming more restrained, with the cryptocurrency now showing lower volatility than Nvidia shares in 2025. source: https://cryptonews.com/news/bitcoin-now-less-volatile-than-nvidia-as-investor-base-broadens-says-bitwise/

الرؤى الرئيسية: تخطط BNB Chain لإطلاق عملة مستقرة أصلية لدعم النشاط واسع النطاق عبر شبكتها. يأتي هذا التحديث مع تجاوز المعروض من العملات المستقرة على السلسلة 15 مليار دولار. كما أعقب الاهتمام أيضًا خطوة علنية قام بها تشانغبنغ تشاو (CZ)، والتي أثارت تساؤلات بين مراقبي المجتمع source: https://www.thecoinrepublic.com/ar/2025/12/18/%d8%b3%d9%84%d8%b3%d9%84%d8%a9-%d8%a8%d9%86%d9%88%d9%83-bnb-%d8%aa%d9%8f%d8%b7%d9%84%d9%82-%d8%b9%d9%85%d9%84%d8%a9-%d9%85%d8%b3%d8%aa%d9%82%d8%b1%d8%a9-%d8%a3%d8%b5%d9%84%d9%8a%d8%a9-%d9%81%d9%8a/

According to PANews, Jeff Dorman, Chief Investment Officer at Arca, has highlighted a significant disconnect between Bitcoin as an investment asset and the overall growth of the blockchain ecosystem. While stablecoins, real-world asset tokenization (RWA), and the decentralized finance (DeFi) sector are experiencing rapid growth, discussions in Wall Street and fintech circles are more focused on leveraging stablecoins and RWA for issuance and fee collection rather than direct investment. Despite this, most investors remain focused on Bitcoin, leading to limited research and discussion on token value within Wall Street. Although some institutions, like Cantor Fitzgerald, have begun exploring token research, token investment has yet to become mainstream, and related sales and promotional efforts have not gained traction. Many new investors mistakenly believe that investing in Bitcoin alone captures the growth opportunities within the blockchain sector. However, Bitcoin is not directly linked to the growth of decentralized finance, stablecoins, and RWA. Nevertheless, Bitcoin continues to dominate capital flows and price trends. It remains uncertain when this situation might change, but investors generally prefer to enter the market during price corrections, often overlooking the potential value in other areas of the blockchain sector.

A Singaporean investor lost S$100,000 after downloading a beta game launcher that contained malware, which emptied his crypto wallets. Despite using strong security measures, he was targeted by a sophisticated scam, highlighting risks for crypto users.

Hong Kong Prosecutors have asked for more time to organize the sprawling evidence collected during the two-year investigation.

Tax authorities have recently increased their scrutiny of overseas investments by Chinese residents. This article, from the perspective of those working in the crypto industry, provides actionable suggestions for compliance self-assessment and reporting.

The window of opportunity for stablecoins is closing. More institutionally backed stablecoins may emerge in the future, but the landscape of stablecoins with the potential for widespread adoption across the entire industry ecosystem, such as USDC and USDT, has largely solidified.

Pantera partner Paul Veradittakit made nine predictions for the crypto industry in 2026, including RWA assets, continued institutional expansion, prediction markets, and the application of artificial intelligence.

A Singaporean man accused of leading a major crypto fraud ring returned to a US court as plea talks with prosecutors continued. The case has expanded with more arrests and charges, while lawyers work towards a possible deal.

To address structural imbalances, a forced devaluation of the US dollar may be imminent. In this new round of financial repression, the market will ultimately determine which assets or markets qualify as "stores of value."

Bitcoin (BTC) may have endured a sharp pullback in the final quarter of the year, but the sell-off has only reinforced its position as the crypto market’s most resilient and indispensable asset. When leverage unwound and risk appetite vanished, Bitcoin once again stood apart—outperforming the broader market even as prices fell.

Vaults are non-custodial blockchain infrastructures that enable functionalities that are not available in traditional finance.