Ethereum futures traders on Binance pushed the Taker Buy/Sell Ratio to 0.998 this week, the highest reading in four months following the December 3 Fusaka network upgrade. The metric rebounded from a recent low of 0.945, indicating increased long positioning. ETH trades around $3,130, up 3.3% over the past week.

Bitcoin retreated to $89,605 after nearing $100,000, while major altcoins including Ethereum and Solana also declined. National Bank of Canada disclosed a $273 million position in MicroStrategy, representing 1.47 million shares, according to data from BitcoinTreasuries.NET. The investment provides the institution with indirect Bitcoin exposure through equity markets rather than direct cryptocurrency holdings.

Two batches of Bitcoin linked to Casascius physical coins, each containing 1,000 BTC, transferred on-chain after remaining dormant for over 13 years. Analysts remain divided on market direction, with one pointing to a USDT dominance divergence as a potential bearish signal. Another emphasizes Bitcoin must reclaim the 90,000-dollar level to confirm buyer control.

Total cryptocurrency market capitalization declined from approximately $3.15 trillion to $3.05 trillion within 24 hours, data show. Bitcoin dropped below $90,000 after failing to hold the $94,000–$95,000 range. Nearly $500 million in leveraged positions were liquidated across major exchanges, with more than 140,000 traders affected.

Grayscale has filed an S-1 registration statement with the SEC for the Grayscale Sui Trust, a spot ETF designed to track SUI token prices. The filing comes shortly after 21Shares launched a 2x leveraged Sui ETF on Nasdaq under ticker TXXS. SUI traded at $1.53 at press time, down 5.01% over 24 hours.

Veteran trader Peter Brandt has maintained his cautious outlook on Bitcoin, suggesting the recent rally may represent the final retest of a broadening top formation. He assigned a 30% probability that BTC already peaked this cycle. Brandt identified the $88,000–$92,000 range as critical support and noted a target zone below $70,000 if the pattern plays out.

Ethereum is approaching $6 trillion in stablecoin transfer volume for Q4, data show. Technical analysts have identified a multi-year Wyckoff accumulation structure on the asset's chart, suggesting institutional positioning may be taking place following the 2022–2023 decline.

Equity premiums for bitcoin treasury companies have collapsed as BTC fell from $126,000 in October to near $92,000, according to Galaxy Research. On-chain capitulation metrics reached all-time highs during the decline. Strategy, Metaplanet, Semler Scientific, and Nakamoto now trade at or below their bitcoin net asset value, reversing the once-profitable model of issuing shares above NAV to accumulate more BTC.