2025-12-25 16:24:13

Christmas Day in the crypto world appears particularly quiet. Bitcoin repeatedly tests between $102,300 and $102,800, with trading volume at its lowest point. You can sense the market’s holiday lull—most institutional investors are on vacation, retail traders are enjoying their holidays, and no one really wants to make big moves at this time.

Over the past day, the entire network saw approximately $180 million in contract liquidations. Looking at the liquidation directions, longs still hold the dominant position, but what does this one-sided volatility under such low volume indicate? Not much. Ethereum firmly holds the key support at $3,450, appearing relatively stable. However, altcoins are suffering, with declines generally exceeding those of mainstream coins—this is a typical risk asset reflow phenomenon.

The total market capitalization of cryptocurrencies is currently hovering around $3.38 trillion. The Fear & Greed Index stands at 68, still in the greed zone, indicating that market sentiment, while cautious, has not yet turned to panic. However, the recent performance of the US spot Bitcoin ETF has been somewhat awkward—yesterday, it experienced a net outflow of $147 million, marking the third consecutive day of outflows. This movement by institutions warrants attention.

Looking at global financial markets, the US dollar index fell below 108.2, hitting a nearly three-month low, which is generally positive for crypto assets. International spot gold hit a new high, reaching $2,788 per ounce intraday, indicating a shift in risk asset allocation. On the US stock side, the three major indices futures opened slightly higher, with the Santa Claus rally still in market expectations.

In the A-share market, the People's Bank of China’s Monetary Policy Committee emphasized moderate easing and increased counter-cyclical adjustments, a clear signal. Northbound capital has been net inflowing for the seventh consecutive day, with a total exceeding 38 billion RMB, showing long-term capital gradually positioning.

Overall, liquidity remains subdued during Christmas, with the crypto market in a high-level sideways digestion phase. US stocks are relatively strong, gold remains robust, and the US dollar is weak, creating an interesting contrast. The policy bottom in the A-share market is still being built. The key will be the market’s direction after the holiday opening—that will be the real turning point. Trade rationally and ensure proper risk management during the holiday season.

BTC-0.43%

ETH-1.33%

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UnluckyLemur

· 6h ago

Institutions are quietly running away again, with three consecutive days of outflows. This contrast is quite striking. During the holiday lull, it's time to accumulate coins. Why are some still chasing highs and getting trapped? Altcoins have become the bagholders again. The wait-and-see crowd is winning big. The sideways consolidation is so boring; it's better to wait for the real market trend after the holiday. While net ETF outflows are indeed concerning, the weak dollar plus new highs in gold actually suggest a bullish outlook. Santa Claus rally is unreliable; we still need to see how the US stock market opens. The dollar falling below 108 to a new low is indeed a positive signal for the crypto market. Risk assets flowing back into gold indicate institutions are reallocating; retail investors should keep up. 1.8 billion in liquidations, with long positions in control—looks like some are still willing to take action, but the volume is too low. The real test will come after the holiday. The current volatility doesn't reveal much at all.

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DegenDreamer

· 6h ago

Institutions are quietly reducing their holdings again, this is called taking a break, haha --- The 102,000 level is dragging on, really pointless --- Altcoins are being exposed again, capital always flows back without hesitation --- ETF has been flowing for three days straight, we need to see if this is a signal --- The dollar weakening is actually beneficial for us, quite interesting --- During holidays, proper risk control is essential, don't be like those anxious people --- As long as Ethereum holds at 3450, it's still okay, the bulls are still in control --- 1.8 billion liquidation with such low volume? Feels like it's nothing --- The greed index is still at 68, the market isn't that panicked --- On the A-share side, the central bank is signaling easing, which is good news for the crypto circle --- Sideways at high levels just means waiting, we'll see after the holiday

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gaslight_gasfeez

· 6h ago

Institutions are starting to withdraw, with three consecutive days of outflows. We'll need to watch the opening closely after the holiday. Altcoins are getting hammered again. Is it really impossible to come back this time? BTC is just sideways now, which isn't very meaningful. Let's wait for the year-end rally. Trading futures during the holiday is for the brave; 180 million liquidation is well-deserved. The dollar is weak, US stocks are strong, and gold is hitting new highs—this combination is quite interesting. ETF outflows continue; do institutions really have no confidence in the post-holiday market? Sideways trading tests patience the most. Honestly, it's better to rest and not mess around anymore. The central bank's signal of liquidity injection in the A-share market is so clear—why is the crypto circle still so cold? 3.38 trillion yuan can't hold up; it feels like a decline is coming.

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RunWithRugs

· 6h ago

Institutions are running, and we're still here taking the bait—classic Christmas drama. ETF has been outflowing for three consecutive days; this detail is really impressive. On the surface, it's all about greed, but actually, everyone is reducing positions. The decline in altcoins this round is hilarious. Newcomers should really see what risk assets look like. Holidays are holidays. With such low trading volume, who dares to move? Just wait for the post-holiday surge. The dollar is weak, gold is strong, and Bitcoin is still dithering. This situation is really complicated. Holiday risk control is always talked about, but how many actually do it? Sideways trading is the most torturous. No rise, no fall—just waiting to be cut. Northbound net inflow into A-shares is 38 billion yuan. Others are making moves, and we're still watching the show.

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RugpullAlertOfficer

· 6h ago

Institutions are quietly fleeing, with three consecutive days of net outflows, and there's a reason for that... --- It's that time of year again for Christmas market, retail investors are on holiday while institutions are offloading, this trick has been played out. --- With such strong selling pressure, you're still talking about greed zones? Wake up, everyone. --- ETF has been experiencing net outflows for three days, and I just quietly watch these big players perform. --- Altcoins are dying the worst; the signal that risk assets are fleeing is clear enough. --- Dollar weak, gold strong, it seems no one is optimistic about this round of market trend. --- The real drama begins after the holiday opening; right now, this trading volume is just digging a pit for the retail investors. --- 1.8 billion in liquidation, are the bulls in control? Give me a break, see clearly who is offloading. --- Big funds are adjusting their positions, retail investors are still bottom-fishing, and this time the gap is really big.

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