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Analyst: Bitcoin Enters Bear Market Due to Weakening Demand

3 hours ago

**CryptoQuant Research Director: Bitcoin in Bear Market Amid Weak Demand** December 24, 2024 Bitcoin is currently in a bear market, primarily driven by weak demand, CryptoQuant Research Director Julio Moreno stated Tuesday. Since 2023, Bitcoin has seen three major waves of on-chain demand, fueled by U.S. spot ETF approval, U.S. presidential election outcomes, and the "Bitcoin Treasury Company" bubble. However, demand growth has fallen below long-term trend levels since early October 2025—signaling most new demand in this cycle has been absorbed, and key price support factors are fading. In Q4 2025, U.S. spot Bitcoin ETFs turned net sellers, shedding ~24,000 BTC—sharply contrasting with strong accumulation in Q4 2024. Meanwhile, growth in addresses holding 100–1,000 BTC (largely representing ETFs and Treasury firms) is also below trend, mirroring the demand slump seen at the end of 2021 and ahead of the 2022 bear market. Bitcoin’s price has dropped below its 365-day moving average—a key long-term technical support level historically acting as a critical bull/bear market dividing line.
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Trump Administration Imposes Visa Ban on EU Former Commissioner Who Once Called for Review of Musk's X Platform

**CNBC: Trump Admin Impose Visa Ban on Former EU Commissioner Thierry Breton, 4 Anti-Disinformation Activists** On December 24, the Trump administration has imposed a visa ban on former European Union Commissioner Thierry Breton—key architect of the Digital Services Act (DSA)—and four anti-disinformation activists, accusing them of pressuring American social media platforms. U.S. Secretary of State Mike Pompeo said in a statement: “The State Department is taking decisive action against five individuals who systematically coerced American platforms into content moderation, stripped them of profit eligibility, and suppressed American viewpoints they disagree with. These radicals and weaponized NGOs have driven foreign government censorship and repression—always targeting American speakers and American companies. Their entry into the U.S. could therefore have serious adverse foreign policy consequences.” Breton served as an EU Commissioner from 2019 to 2024. The ban stems from a

13 minutes ago

Binance Wallet: Alpha Airdrop Coming Today at 9:00 PM UTC, 226 Points Threshold

December 24th — Per an official announcement, Binance Wallet will distribute the Alpha airdrop tonight at 9:00 PM UTC. Users holding at least 226 Alpha points can claim the tokens on a first-come, first-served basis until the airdrop pool is exhausted or the event concludes. Additional details will be released soon.

13 minutes ago

Binance will conduct wallet maintenance on the Ethereum network tomorrow at 14:00, expected to take 1 hour.

Binance announced on December 24 that it will conduct Ethereum (ETH) network wallet maintenance on December 25 at 14:00. To support this maintenance, ETH network deposits and withdrawals will be suspended starting at 13:55 on December 25. The maintenance is expected to last one hour, with deposit and withdrawal services resuming automatically upon completion.

13 minutes ago

Market maker Jump Trading deposited 100 million USD Coin (USDC) to Binance in the past 4 hours to help alleviate the latter's surging liquidity demand

December 24 – On-chain analyst Ai Auntie (@ai_9684xtpa) notes that liquidity provider Jump Trading has withdrawn $100 million in USD1 from Bitgo and deposited it into Binance over the past four hours, driven by Binance’s launch of a high-yield USD1 savings product. The move likely aims to meet the short-term surge in USD1 liquidity demand. Additionally, USD1’s supply has increased by 118 million today, pushing its market cap to $2.87 billion.

13 minutes ago

A whale HYPE shorted position with a floating return of over 500%, and took multiple opportunities during the holding period to go long in reverse, earning gains from price swings.

On December 24th, data from the Coinbob Popular Address Monitor shows that the whale with an address starting with 0xd16 has racked up notable profits on its HYPE short positions. Since November, this address has opened short positions around $39 and continuously expanded its position. Currently, the position size is approximately $6.43 million, with an average cost of $35.7, unrealized gains of $3.28 million, and a return of up to 509%. The current liquidation price stands at $32.78. Additionally, during the holding period, the whale has repeatedly deployed roughly 10% of its capital to open short-term long positions—aiming to capitalize on market rebound opportunities, hedge risk, and boost returns. This strategy has proven highly effective, doubling the total assets in its account.

13 minutes ago

Yi Lihua's Trend Research borrowed $20 million from Aave an hour ago and deposited it into Binance.

**Dec 24 Crypto Brief** 1. Per Arkham monitoring: An address tied to Trend Research (Yihua Group’s subsidiary) borrowed $20 million from Aave and transferred the funds to Binance in the past hour. 2. Today’s update: Yihua Group’s investment arm Trend Research has amassed 46,379 ETH (valued at ~$137 million) via leveraged borrowing. 3. Yihua Group statement: “Trend Research is prepping an extra $1 billion to keep accumulating ETH.”

13 minutes ago

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