Technical Analysis

In December, Bitcoin traded under pressure and drifted toward the mid-$87,000 area as momentum and participation weakened. On-chain data indicates whale deposits to Binance fell from around $7.9 billion to roughly $3.9 billion, even as U.S. spot Bitcoin ETFs saw net outflows on December 23. Technical indicators such as RSI and MACD point to fading downside momentum, suggesting a stabilizing backdrop despite the risk of sudden whale-driven volatility.

Bitcoin is trading near $87,000 as derivatives positioning turns cautious. According to CME options data, call open interest peaked in December 2024 and has since fallen toward cycle lows, while put demand has increased. On-chain metrics indicate continued accumulation by large holders, with price holding between $86,500 support and resistance near $88,000.

Midnight (NIGHT) traded at $0.07326 after a 3.5% drop over the past 24 hours, while still up 12% week-on-week and 15.5% over two weeks. Technical signals point to a short-term correction near oversold levels, and potential catalysts include major exchange listings that have yet to add the token.

Anthropic's Claude AI published projections for Solana, XRP, and Sui as 2025 nears its end, flagging potential volatility around Christmas that could carry into early 2026. It sets bullish ranges at $275–$400 for SOL, $5–$8 for XRP, and $4–$7 for SUI, while mapping bearish consolidation zones linked to macro headwinds and technical levels.

On Dec. 24, Bitcoin slipped back below $87,000 as several large-cap tokens rolled over from resistance. Glassnode said the 30‑day SMA of net flows into BTC and ETH ETFs turned negative, while CryptoQuant reported the 30‑day SMA of active addresses fell to 807,000 and Binance deposit/withdraw address activity hit annual lows.

XRP is changing hands around $1.85 while a rare 3-week Stochastic RSI reading of 0, last seen at the 2022 bear market bottom, appears again and hints at easing selling pressure. Analysts highlight a developing daily bullish divergence and expect XRP to fluctuate between $1.82 and $1.98 as Bitcoin and thin holiday liquidity continue to drive short-term volatility.

Large Ether holders increased purchases while price remains below $3,000. Since Nov. 4, one "66k ETH Borrow Whale" accumulated 569,247 ETH ($1.69 billion), and in the past 24 hours Bitmine bought 67,886 ETH ($201 million). About 70% of derivatives positions are net long, and ETH's leverage ratio hit 0.611 last week.

In the last 12 hours, according to CoinGlass, Solana saw an 8,392% liquidation imbalance as $4.94 million in long positions were erased. SOL tested the $124.11–$125.42 death cross zone at $125.28 before sliding to $120.78, and it now trades at $121.43 with volume down 14.93% to $2.74 billion. RSI between 37 and 39 signaled mild oversold conditions, while short liquidations reached $58,170.

Vitalik Buterin backed EIP 7864, aiming to lift Ethereum's smart contract size cap. In 2025, Layer 2 activity concentrated around leading rollups such as Base, while ETH stalled below $3,000 with a noted support area near $2,800. A recent chart snapshot showed price around $2,931 amid defined resistance bands.

Bitcoin is approaching a record $23.6 billion options expiry on Dec. 26, with positions clustered near key strikes that could reshape dealer hedging and short term volatility. At the same time, spot Bitcoin ETFs in the US are seeing sustained net outflows and price is consolidating around $87,106 within a tight range marked by resistance near $90,647 and support around $83,986. How flows and liquidity evolve after the holiday period may determine whether the market extends its weakness or sets up for a sharper reversal.