Past 24 hours CEX Net Outflow of 15.2K ETH
December 23rd – Per Coinglass data, centralized exchanges (CEXs) recorded a cumulative net outflow of 15,200 ETH in the past 24 hours. The top three exchanges by ETH outflows were:
· Binance: 26,300 ETH outflow;
· Bybit: 2,616.43 ETH outflow;
· Gate: 1,334.72 ETH outflow.
Additionally, Kraken saw an inflow of 13,300 ETH, topping the inflow rankings.
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If Ethereum drops below $2900, the total long liquidation volume on major CEXs will reach $630 million.
On December 23, Coinglass data shows that if Ethereum drops below $2,900, the total long liquidation value across major centralized exchanges (CEXs) will hit $630 million.
Conversely, should Ethereum break above $3,100, the total short liquidation value for these top CEXs will reach $918 million.
**BlockBeats Note**: Liquidation charts do not display the exact number or value of contracts subject to liquidation. Instead, the bars on these charts represent the **relative importance** of each liquidation cluster compared to neighboring clusters — in other words, their "strength."
As such, the chart illustrates how impactful reaching a specific price level will be: a taller "liquidation bar" means the price hitting that level will trigger a more intense response due to a liquidity cascade.
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QCP: Christmas Week Liquidity Contraction, Cryptocurrency Market Maintains Range-Bound Trading
On December 23, QCP released its daily market note, noting that cryptocurrency market liquidity has weakened significantly as the Christmas holiday nears. While gold prices hit a fresh all-time high, Bitcoin has continued to trade in a narrow range.
Data shows open interest for BTC perpetual contracts on major exchanges fell by roughly $3 billion overnight, with ETH perpetual contracts dropping by about $2 billion—signaling the market is actively deleveraging rather than repositioning.
Contracted liquidity has raised the risk of two-way price pressure over the holiday period. Historically, Bitcoin typically sees 5-7% price swings during Christmas week, often tied to concentrated year-end options expirations.
This Friday will bring a major expiration: around 300,000 BTC options contracts (valued at ~$23.7 billion) and 446,000 IBIT options contracts will expire. Over 50% of Deribit’s open interest is concentrated in these holiday expirations, with key strike prices at $100,000 a
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Bitcoin Deposit Recovery, Last 24 Hours CEX Net Inflow of 1,596.23 BTC
On December 23, Coinglass data shows centralized exchanges (CEXs) recorded a net BTC inflow of 1,596.23 over the past 24 hours.
Top 3 CEX inflows:
- Kraken: +2,045.55 BTC
- OKX: +233.79 BTC
- Coinbase Pro: +167.13 BTC
Binance led net outflows with -873.88 BTC.
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30-Second Heist Nets 1 Billion Yen, Two Company Employees Robbed at Knifepoint While Exchanging Cryptocurrency in Hong Kong
Hong Kong police announced updates on Wednesday (Dec. 23) regarding a 10-billion-yen (approx. HK$50 million) armed robbery in Central, arresting 15 suspects—including the mastermind, some with ties to organized crime—and formally charging seven with "conspiracy to commit robbery."
The case involves a Japanese firm operating in virtual currency and designer handbags. On Dec. 18, two company employees carrying four suitcases of yen cash planned to exchange the funds for cryptocurrency and Hong Kong dollars via a known money changer. Near Central’s New World Tower, four knife-wielding robbers snatched all the cash in under 30 seconds.
Probes revealed the robbers had clear roles: some carried out the heist, others acted as lookouts, and some provided getaway vehicles. They quickly transferred the stolen cash via "cross-car" switches post-robbery, showing a sophisticated modus operandi. Police seized crime tools, clothing, and masks but are still tracking most of the stolen money.
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