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VanEck: Mining Activity Decline Is a 'Bullish Signal' for Bitcoin Price

2 hours ago

**Dec. 23** VanEck’s latest report notes a recent drop in Bitcoin mining activity could signal an impending price rise—aligning with historical market trends. In their Monday report *Mid-December 2025 ChainCheck*, VanEck analysts highlight Bitcoin has historically seen higher odds of positive returns following falling mining activity. Since 2014, Bitcoin’s forward 90-day return has been positive 65% of the time when the network’s hash rate dropped, versus 54% when hash rate rose. The analysts add: “Empirical evidence suggests hash rate drops may benefit long-term Bitcoin holders,” calling the pattern a “reverse signal” tied to miner capitulation—where weaker operators exit the network amid financial strain. This correlation is repeating now: Bitcoin’s hash rate fell 4% in the month ending Dec. 15, marking its biggest drop since April 2024. The report further notes: “Additionally, when hash rate compression lasts for an extended period, positive expected returns tend to be more frequent and larger in magnitude.”
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24hr Spot Funding Flow: BTC Net Outflow $333M, USDC Net Inflow $168M

As of December 23, Coinglass data shows the top crypto spot assets by net fund flows over the past 24 hours: ### Top Net Inflows - USDC: $168M - FDUSD: $7.72M - LTC: $6.09M - PAXG: $3.33M - XAUT: $3.06M ### Top Net Outflows - BTC: $3.33B - ETH: $81.56M - XRP: $60.06M - ZEC: $16.67M - USDE: $14.13M (Note: "M" = million, "B" = billion – standard shorthand for U.S. financial/ crypto updates)

4 minutes ago

Analyst: Market Sentiment and On-Chain Metrics Aligned Towards Bear Market, Recent Support Turned Resistance

On December 23rd, CryptoQuant analyst Axel shared data on social media indicating that both current market sentiment and on-chain structure are pointing to weakness in the crypto market—short-term holders are already facing losses, and all key recent support levels have now become resistance.

4 minutes ago

The Japanese government plans to promote the securitization of municipal bonds and will submit a related bill in 2026

December 23 — CoinDesk, citing Nikkei News, reports that the Japanese government has established a policy to advance the digitization of local government bonds (issued as security tokens). The administration plans to submit relevant legislation to the 2026 regular session of the Diet and will finalize specific policy directions this month based on local governments’ needs. Experts note that blockchain-based digital municipal bonds enable intermediary-free, rapid issuance and settlement, plus real-time access to investor information. This model can integrate various rewards — including monetary returns, non-monetary benefits, and social contributions — and is expected to serve as a tool for direct individual financing.

4 minutes ago

Contract Whale pension-usdt.eth conducted intraday ETH contract scalping, still among the largest ETH long positions on Hyperliquid

Dec 23 — On-chain analyst Auntie Ai (@ai_9684xtpa) reports that address **pension-usdt.eth** closed 5,180.87 ETH (netting ~$230k in profits) 5 hours ago, exiting positions in the $3002.6–$3019 range. In the past hour, the address has re-established a **30,000 ETH long position** — now ranking among the top 3 long addresses on Hyperliquid. This completes a swing trade: the address exited at ~$3003–$3019 and re-entered at ~$2954–$2964. As of now, the position totals $88.9M in value, with an average entry price of $2,967.88, an unrealized loss of $128k, and an overall account profit of $25.13M.

4 minutes ago

AAVE's continued decline led to multiple liquidations of long positions on Hyperliquid, with the founder "self-funding a market rescue" now facing a $2 million unrealized loss.

December 23 — Per monitoring from HyperInsight (via its Telegram channel), a leading long whale address (0x074) on Hyperliquid has been liquidated multiple times and fully wiped out over the past 15 hours, driven by AAVE’s continuous decline yesterday and this morning. The short-term liquidation volume totals approximately $1.19 million. This long position was opened on November 16 at an average price of $189. On-chain analyst Yu Jin reported that Aave founder Stani Kulechov once again bought the dip in AAVE tokens this morning. Earlier today, Stani withdrew 1,699 ETH (worth roughly $5.17 million) from Kraken and purchased 32,658 AAVE at an average price of around $158. Notably, this marks Stani’s second recent dip buy. He began accumulating AAVE on December 16, when governance tensions escalated between the Aave development team and the community DAO. Statistics show that since the start of this governance dispute, Stani has spent a cumulative 5,000 ETH (≈$14.84 million) to buy

4 minutes ago

Analyst: The 2026 Altcoin Season Is Unlikely to Occur, 'Blue Chip Survivors' Will Ultimately Prevail

On December 23, CoinEx Research Chief Analyst Jeff Ko noted that the typical altcoin rally could weaken next year, with only "blue-chip" cryptocurrencies capturing the bulk of liquidity. "Retail investors hoping all altcoins will benefit will be disappointed. We don’t expect a traditional altcoin rally season—instead, liquidity will be highly selective, flowing only to truly market-recognized blue chips." Ko forecasts a moderate bullish trend for global liquidity by 2026, though divergences in central bank policies will temper this upward momentum. He also added that since the launch of ETFs in 2024, Bitcoin’s historical sensitivity to M2 money supply growth "has weakened, and the correlation is declining." Further, Ko stated the firm’s "base case forecast is that Bitcoin will hit a target price of $180,000 by 2026."

4 minutes ago