MicroStrategy bought another 2,530 $BTC($243M) at an average price of $95,972 last week!

**Fundstrat’s Sean Farrell Addresses View Disparity With Tom Lee, Lays Out Crypto Outlook** On December 21, Sean Farrell—head of crypto strategy at Fundstrat (Tom Lee’s firm)—addressed claims of differing market views with Lee, noting Fundstrat’s analysts operate with independent frameworks and time horizons to serve diverse client goals. Farrell’s research focuses on portfolios with **20%+ crypto allocations**, using a more aggressive strategy. His first-half caution reflected risk management, not full bearishness. While current pricing is near “perfect,” risks remain: government shutdowns, trade volatility, AI capex uncertainty, Fed chair transitions, tight high-yield spreads, and low cross-asset volatility. Fund flows are also diverging, with Bitcoin in a valuation “no man’s land.” Long-term: Big broker participation and ETF demand should improve, but near-term pressures include: original holders selling, miner stress, potential MSCI exclusion of MSTR, and fund redemptions.

On December 21, Bitcoin surged past $89,000, notching a 0.84% gain over the past 24 hours, per HTX market data.

On December 21, according to monitoring from HyperInsight (via its Telegram channel @HyperInsight), “Big Brother” has closed out all long positions in BTC and HYPE, and partially closed its ETH long positions. Currently, “Big Brother” still holds a 25x-leveraged long position in ETH: the position size is 5,250 ETH, with an unrealized profit of $280,000 and a liquidation price of roughly $2,787.

December 21st: Per HTX market data, Ethereum has surged past the $3,000 mark, up 0.49% in the past 24 hours.

On December 21st, data from Alternative Data shows the cryptocurrency Fear and Greed Index stands at 20—unchanged from yesterday—signaling the market remains in "extreme fear" territory. Note: The index ranges from 0 to 100 and incorporates six key indicators: Volatility (25%), Market Volume (25%), Social Media Hype (15%), Market Surveys (15%), Bitcoin Dominance (10%), and Google Trends Analysis (10%).

On December 21, 10x Research released a note noting Bitcoin posted a sharp drop, driven by forced liquidations, stalled crypto legislation progress, fading corporate buying momentum, and global policy uncertainty weighing on risk appetite. U.S. stocks faced broad weakness fueled by underperforming AI stocks and soft labor data—but the downward trend was partially offset by easing effects from cooling inflation and strong gains in semiconductor firms. Gold prices rose, nearing record highs, supported by surging safe-haven demand and increased global inflows tied to diversified asset allocation. MicroStrategy’s stock weakened as concerns over equity dilution from its stock-based Bitcoin purchases outweighed the positive lift from its ongoing Bitcoin accumulation.