On December 28, 2025, Michael Saylor posted the phrase "Back to Orange," a signal many interpret as a precursor to another Bitcoin purchase by Strategy (formerly MicroStrategy). According to the latest publicly tracked figures, Strategy holds 671,268 Bitcoin at an average cost of approximately $74,972 per coin, valued near $58.9 billion at prices around $87,900.

On 28 December 2025, Michael Saylor posted a "Back to Orange" message that many observers read as a possible hint of renewed Bitcoin accumulation by Strategy. The brief update did not include any confirmation of new purchases or transaction details but revived debate over the firm's long-term approach. With Bitcoin consolidating in the high-$80,000 range and key indicators such as RSI and MACD showing cooling momentum, some traders see the current setup as consistent with Strategy's historically conviction-driven buying phases.

Institutional investors pulled nearly $782 million from US-listed spot Bitcoin ETFs during the Christmas week, with about $276 million exiting on Friday. Bitcoin traded near $87,000 as total ETF assets fell to around $113.5 billion, extending a six-day net outflow streak and lifting cumulative withdrawals beyond $1.1 billion.

On 28 December 2025, Bitcoin traded around $87,800 after dropping below $90,000 and pulling back roughly 30% from its October high above $125,000. Matt Hougan argues this pattern reflects a shift toward slower, structurally driven growth supported by long-term institutional holders, rather than the explosive four-year boom-and-bust cycles of the past. Some analysts, including Sebastian Beau, still see the traditional cycle as relevant, but both note that growing market maturity may mean steadier gains and reduced sensitivity to political headlines.

On 27 December 2025, Kazakhstan's central bank approved three digital asset pilots: tokenized gold, QR-enabled crypto payment tests, and a tenge-pegged stablecoin. The projects proceed while direct crypto payments remain prohibited, and may use automatic crypto-to-fiat conversion at checkout. A Solana-based tenge stablecoin initiative, Evo, is included in the trials.

On December 27, 2025, spot silver jumped to roughly $79.31 per ounce, logging a daily move of more than 10% and breaking through long-standing resistance. Technical analyst Peter Brandt sees the advance as part of a broader expansion phase, while other traders note that silver has gained around 190% versus Bitcoin over four months, pushing the market into volatile price discovery. Momentum indicators now show stretched conditions, suggesting elevated risk of sharp corrections even as the longer-term trend remains pointed higher.

On 27 December 2025, Galaxy Digital CEO Mike Novogratz said crypto is entering a phase that favors tokens with measurable utility over narrative strength. He highlighted XRP near $1.85 and Cardano around $0.35, noting weak RSI and MACD readings, and argued investors will prioritize platforms that generate and return value.

On 27 December 2025, Bitmain, one of the largest Bitcoin mining hardware manufacturers, sharply reduced prices across several generations of its ASIC machines, including higher-efficiency models. The company is promoting discounted bundles, hosted mining offers, and flexible sales terms as many operators see mining revenues fall below breakeven and cut back on new equipment purchases.

On 27 December 2025, tensions resurfaced in the Aave ecosystem after Stani Kulechov rejected accusations that he bought about $15 million in AAVE to sway a controversial governance proposal. The failed vote, which sought to move control of Aave's brand and intellectual property to the DAO, exposed disagreements over transparency, economic alignment, and decision-making between Aave Labs and the decentralized community. Questions about procedure intensified after the listed proposal author said it had been submitted without his consent, deepening concerns over accountability.