Trading

Shiba Inu recorded its highest whale-transfer activity since June 6 as more than 1.06 trillion SHIB flowed into exchanges on December 9, according to Santiment. The spike in large-holder behavior coincided with a 6% price increase and may signal heightened volatility in the days ahead.

Dogecoin attempted a rebound above the $0.140 area against the US Dollar but met strong resistance around $0.1450. The price is holding above the 100-hourly simple moving average, with key support near $0.1400 and $0.1350. A break above $0.1530 could open the way toward $0.1620 and beyond.

Large XRP holders cut balances over the past week, offloading 510 million coins as whale supply has declined since mid-November. Whales are addresses holding 1 million to 10 million tokens, a band worth roughly $2 million to $20 million at the current exchange rate. XRP rebounded to $2.09 after a retest of $2.00.

At the Bitcoin MENA conference, Michael Saylor urged governments to build Bitcoin-backed digital bank accounts using heavily overcollateralized tokenized credit tied to sovereign BTC reserves, arguing the model could attract tens of trillions of dollars in deposits. Strategy recently bought 10,624 BTC for about $962.7 million, bringing its holdings to 660,624 BTC worth more than $60 billion, even as its share price has dropped roughly 51% over the past year.

XRP has bounced from support above $2.020 and is trading over $2.050 and the 100-hourly Simple Moving Average while facing resistance near $2.0850 and $2.10. A close above $2.120 could see the price revisit $2.160 and potentially the $2.20–$2.2650 area. Failure to clear $2.10 may instead trigger another decline toward $1.950 and even $1.850. Technical indicators show the MACD in negative territory and the hourly RSI below 50, pointing to persistent downside pressure at resistance.

Bitcoin fell after sellers capped gains near $92,500 and is trading under $91,000 and the 100-hour simple moving average. On the BTC/USD hourly chart, a contracting triangle marks support at $90,000 with $89,500 the next key level, according to Kraken data. A close above $92,000–$92,500 could open a move toward $93,500 to $94,500.

Bitcoin whipsawed from $89k to $87k and then to $91k within a single four-hour candle, putting the $90k threshold in focus. Analysts said $171 million in long positions and $71 million in shorts were liquidated in that window, with nearly $500 million erased over 24 hours. Open interest has fallen $30 billion from a $94 billion October peak, signaling deliberate de-risking.

On December 7, 2025, Michael Saylor signaled potential renewed Bitcoin accumulation by sharing a StrategyTracker chart indicating Strategy holds about 650,000 BTC worth nearly $58 billion at an average buy price of $74,436 across 88 purchases. BitcoinTreasuries.NET data show public companies collectively hold around 1,059,453 BTC, after ABTC added 363 BTC and Cango bought 130.6 BTC. Glassnode metrics shared via Bitcoin Archive indicate the Hash Ribbon has turned bearish again and Short-Term Holder NUPL has dropped below zero.

On December 5, 2025, OKX laid out plans to end OM services and migrate users by late December, prompting a warning from MANTRA CEO JP Mullin on December 8. MANTRA says Governance Proposal 26 allows migration only after ERC-20 OM is deprecated on January 15, 2026 and links the timing to further technical review. The project is urging users to keep direct custody of their OM and withdraw from OKX, arguing that the exchange’s dates conflict with official governance rules.

Ethereum rebounded above $3,150 after a volatile decline, while broader market sentiment remains split between expectations of further downside and hopes for a bull cycle into 2026. On-chain data from Hyperdash, shared by Lookonchain, shows several of the most profitable whale traders have opened Ethereum long positions totaling hundreds of millions of dollars. Large allocations by BitcoinOG, the Anti-CZ whale, and pension-usdt.eth indicate these players view recent ETH lows as a buying opportunity rather than a warning signal.