Chinese crypto traders are divided over Bitcoin's near-term direction, with some concerned the $90,000 resistance will prove difficult to breach and the market could enter a bear-phase correction, Greeks.live researcher Adam wrote on social media on Dec. 23, BlockBeats reports. Traders are monitoring downside pressure from pre-Christmas liquidity depletion, while persistent squeezing of leveraged long positions is adding to market swings. Overall volatility has dropped to historically low levels.

Binance Alpha will open a new round of airdrop claims at 21:00 Beijing time on Dec. 23 for users holding at least 225 Binance Alpha points, BlockBeats reports citing an official announcement. Claims will be processed on a first-come, first-served basis until the airdrop pool is fully distributed or the campaign ends.

Bitcoin extended its decline during U.S. trading hours on Dec. 23, with traders expressing disappointment at the weakness, Greeks.live researcher Adam said in a social media post cited by BlockBeats. He identified $86,000 as key support tested repeatedly over the past five weeks, and highlighted $93,000 and $88,000 as short-term reference levels.

DBS Bank received 2,000 ETH from market maker GSR about one hour ago on December 23, The Data Nerd reports. Over the past two days, DBS Bank has received a total of 4,400 ETH from GSR, valued at approximately 1320 万美元. The 2,000 ETH transfer was worth around 593 万美元.

Implied volatility for Bitcoin and Ethereum has fallen since last week, with Bitcoin IV down over 5% in the past month and over 10% in short- and mid-term tenors, Greeks.live data show. Ethereum IV declined by a larger margin. Over 50% of options positions are set to expire on Dec. 23 during Christmas week, pointing to two weeks of low volatility.

BlackRock designated Bitcoin as the most important investment theme for 2025 at a high-profile investment summit in New York on Dec. 22, 2025, financefeeds reports. The head of its iShares division outlined a strategy placing Bitcoin alongside U.S. Treasuries and 'Tech Seven Giants' stocks as the three pillars of a modern diversified portfolio. BlackRock's 2025 thesis frames Bitcoin as 'digital gold' within a 'macro mirror' view, arguing its performance increasingly reflects concerns over sovereign debt and currency devaluation, and that institutional investors are seeking non-correlated assets outside the traditional banking system. Financefeeds added the shift could culminate in 2026 with income-oriented products such as a Bitcoin premium income ETF that aims to generate returns via covered call strategies, moving the debate from 'why hold Bitcoin' to 'how to optimize Bitcoin positions'.

Bitcoin recorded net outflows of $333 million while USDC saw net inflows of $168 million over the past 24 hours, Coinglass data cited by BlockBeats show. Other tokens posting inflows included FDUSD ($7.72 million), LTC ($6.09 million), PAXG ($3.33 million), and XAUT ($3.06 million). Outflows were also recorded for ETH ($81.56 million), XRP ($60.06 million), ZEC ($16.67 million), and USDE ($14.13 million).

On December 23, Ethereum derivatives whale address pension-usdt.eth reduced its long position by 5,180.87 ETH about 5 hours ago, realizing a $230,000 profit, and rebuilt the position back to 30,000 ETH within the past hour, on-chain analyst Ai 姨 (@ai_9684xtpa) reports. The address trimmed its position in the $3,002.6–$3,019 range and re-added longs between $2,954 and $2,964, completing an intraday swing trade while remaining among the top 3 ETH long positions on Hyperliquid. The current position is valued at $88.9M with an average entry of $2,967.88 per ETH, an unrealized loss of $128,000, and total account profit of $25.13M.

Hyperliquid whale 0x074 faced repeated liquidations over 15 hours, with positions closed totaling approximately $1.19 million, HyperInsight data show. Separately, Aave founder Stani Kulechov withdrew 1,699 ETH (approximately $5.17 million) from Kraken and purchased 32,658 AAVE, according to Ember. He now holds 84,033 AAVE valued at $12.6 million, with an unrealized loss of approximately $2 million.