Trading

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.

Ether has traded below $3,400 for around 40 days as a $6 billion ETH options expiry on Dec. 26 approaches, with call positions outnumbering puts by 2.2 times. Bears retain an edge unless price breaks $3,100, while key payoff zones span $2,700–$3,300 depending on where ETH settles at Friday's 8:00 am UTC mark.

On December 23, Philippine internet providers began blocking access to major exchanges including Coinbase and Gemini as regulators enforced local licensing rules. Manila Bulletin reported that the National Telecommunications Commission directed carriers to restrict around 50 platforms lacking Bangko Sentral ng Pilipinas authorization. Authorities had earlier moved against Binance, culminating in a shutdown order on March 25, 2024.

On December 24, 2025, Philippine internet providers began blocking access to major crypto platforms, including Coinbase and Gemini, following a directive from the National Telecommunications Commission. The action signals tighter licensing enforcement for virtual asset service providers and disrupted local access, with affected exchanges yet to issue public statements and initial market reaction muted.

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.

Binance will remove five spot trading pairs — BIO/FDUSD, ENS/FDUSD, INJ/ETH, TREE/BNB and VTHO/TRY — on Dec. 26 at 3:00 a.m. (UTC). The exchange also scheduled Ethereum network wallet maintenance for Dec. 25 at 6:00 a.m. (UTC), temporarily pausing deposits and withdrawals.

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.

On December 24, 2025, veteran trader Peter Brandt told his 835,400 X followers that palladium could rally after a pullback exceeding 17%, possibly dipping toward $1,650–$1,700. He added platinum may be near a correction after a breakout and projected Bitcoin's next bull-market peak for Sep 2029.

Bitcoin has fallen below $87,000, while crypto ETFs saw $284.1 mn in net outflows on December 23 and leverage remains high. Market cap is around $2.94 tn with daily volume near $90.6 bn, and BTC dominance stands at 59.1% as traders watch support at $86,500 and resistance near $88,800.