Trading

At the Bitcoin MENA conference, Michael Saylor proposed that governments create Bitcoin-backed digital bank accounts using heavily overcollateralized tokenized credit linked to sovereign BTC reserves, which he believes could draw tens of trillions of dollars in deposits. Strategy recently bought 10,624 BTC for about $962.7 million, lifting its holdings to 660,624 BTC worth over $60 billion, even as the firm's share price has fallen 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.

Ethereum co-founder Vitalik Buterin has proposed creating a dedicated gas futures market to help large network users and investors better predict and hedge transaction costs on Ethereum. The suggestion has split opinion, with some specialists warning about manipulation risks and questioning whether the network’s highly dispersed gas demand can sustain such a market, according to experts. Although recent scaling upgrades have pushed gas fees lower, uncertainty over Ethereum’s long-term roadmap is keeping the debate over Buterin’s proposal alive.

On December 8, 2025, XRP extended its decline toward the $2 level after dropping from $2.20, stoking fresh concern among holders as social sentiment fell into the “Extreme Fear” zone, according to Santiment. At the same time, ETFs tied to XRP have recorded 15 consecutive days of net inflows totaling nearly $900 million, SoSo Value data show. XRP has recently rebounded from support around $1.95 and is trading within a falling channel, with a breakout above $2.20 on strong volume potentially opening the way for a move toward the $3 area.

XRP derivatives showed a 29,668,367% liquidation imbalance, with $175,000 in long liquidations and just $588 on the short side, according to CoinGlass. On the four-hour view, the skew indicates minimal bearish participation even as price eased earlier in the session. This suggests pullbacks are being driven by long-leverage unwinds rather than new short pressure.