According to CoinShares, ETH-linked products saw $555 million in outflows last week, even as exchange balances fell to their lowest since 2016. Binance and CryptoQuant indicators show Ethereum trailing Bitcoin in liquidity and risk appetite, while TradingView signals point to rangebound action near 3,000 dollars with resistance around 3,300 dollars.

BitMine has expanded its Ethereum treasury to 4,066,062 ETH after acquiring 98,852 ETH over the past week, pursuing what it describes as a long-term accumulation strategy. Led by Tom Lee, the company aims to build a 5% share of Ethereum's circulating supply, while its latest buying streak leaves the treasury valued at about $12 billion based on a stated average entry of $2,991 per ETH.

On December 23, 2025, analysis of Binance’s 2025 listings showed centralized exchange allocations were a small fraction of total supply. Distributions commonly ranged from 1-5%, with larger, higher-FDV projects often under 1%. Binance said these tokens funded liquidity, airdrops and marketing rather than exchange fees, amid weak market performance for many new launches.

Michael Selig was sworn in as the 16th chair of the Commodity Futures Trading Commission after Senate confirmation on December 18, taking over as acting chair Caroline Pham left the agency after nearly four years. During her final year, Pham advanced initiatives such as spot crypto trading on CFTC-registered futures exchanges, a digital asset collateral pilot, and no-action relief for four prediction markets, while Selig has pledged to guide the regulator through a period of rapid technological change.

As 2025 nears its end, Bitcoin is trading below a long-standing bull market channel after six weeks of failed attempts to reclaim it and is now consolidating under key resistance. Analysts are split between scenarios that include a possible move down toward $60,000 or a renewed push toward the $100,000–$105,000 area, while spot price hovers near $87,100 amid a weak fourth quarter.

Over the past three months, Justin Sun's locked World Liberty Financial (WLFI) tokens have shed around $60 million in value after a WLFI-linked address associated with him was blacklisted and frozen. Sun, who denies any wrongdoing, has about $175 million in Trump-related crypto exposure across WLFI and the TRUMP memecoin, while WLFI has fallen over 40% from its September launch price, underscoring the risks of celebrity and politically connected tokens.

Axel Adler Jr. reports the composite sentiment index fell to 40%, flagging risk-off conditions as Bitcoin trades near $87,400 under all short-term holder realized price bands. Nearby hurdles sit at $90,300 and then a cluster at $100,400–$101,800, while the broader realized price support stands at $56,300.

On 23 December 2025, Bitcoin-focused firm Strategy was reported to have built a $2.19 billion cash reserve to support interest and preferred dividend payments for nearly three years. TD Cowen analysts say this liquidity shift eases balance-sheet concerns, even as the stock's large Bitcoin position and link to crypto sentiment keep volatility high. They also highlight a changing regulatory backdrop and project Strategy's Bitcoin holdings could climb toward 835,000 BTC by the end of fiscal 2027.