Bitget Daily Briefing (December 24) | Bitmine purchases over $200 million in ETH again; U.S. Q3 real GDP annualized quarter-on-quarter growth rate preliminary value recorded at 4.3%; $200 million in long positions liquidated across the cryptocurrency market

Today's Outlook

1. Bitmine purchased another 67,886 ETH in the past 24 hours, worth over $200 million.

2. The Central Bank of Russia released a draft concept for regulating the cryptocurrency market, proposing to allow both qualified and non-qualified investors to invest in crypto assets under certain conditions. Non-qualified investors can purchase high liquidity cryptocurrencies worth up to 300,000 rubles (approximately $3,800) through an intermediary each year after testing; qualified investors can invest unlimited amounts in any cryptocurrency except anonymous coins after a risk assessment.

3. U.S. Treasury Secretary Yellen supports reconsidering the Federal Reserve's 2% inflation target.

Macro & Hot Topics

1. The U.S. Bureau of Economic Analysis: The economy expanded at a rate of 4.3% in the third quarter, the fastest growth in two years.

2. The preliminary annualized quarterly real GDP for the U.S. in the third quarter was recorded at 4.3%, far exceeding the expected 3.3% and the previous value of 3.8%. The preliminary annualized quarterly core PCE price index was 2.9%, in line with market expectations of 2.9%, up from the previous value of 2.6%. The preliminary quarterly real personal consumption expenditures were 3.5%, significantly higher than the expected 2.7% and the previous value of 2.5%.

3. Spot gold has once again risen above $4,522 per ounce; spot silver has first crossed the $72 per ounce mark, with a cumulative increase of over $43 this year.

Market Trends

1. In the past 24 hours, the cryptocurrency market saw a liquidation of $254 million, with $200 million in long positions liquidated. The liquidation amount for BTC was approximately $84 million, and for ETH, it was about $62 million.

2. U.S. stocks closed on Tuesday with the Dow Jones up 0.16%, and the Nasdaq rising 0.57%. The S&P 500 index increased by 0.46%, setting a new closing high. Nvidia (NVDA.O) rose by 3%, Circle (CRCL.N) fell nearly 5%, and MSTR (MicroStrategy) dropped by about 3.92%.

3. The Bitget BTC/USDT liquidation map shows: the current price around 87.5k is at the boundary of long and short liquidations, with a large accumulation of 50x-100x leveraged long positions in the 88k-90k range. Once a breakout occurs, it could trigger a rapid surge in long positions. The 85k-86k range below has relatively weak short liquidation and support; if a false breakout occurs, the price may quickly drop, presenting an overall structure of "crowded longs, amplified volatility, and easy to be hunted."

4. In the past 24 hours, BTC spot inflow was approximately $85 million, outflow was about $82 million, resulting in a net inflow of $3 million.

News Updates

1. CertiK's annual report: 248 phishing incidents were recorded in 2025, resulting in losses of approximately $723 million.

2. Yardeni Research: Gold will reach $6,000 by the end of 2026.

3. Asset management company Amplify ETFs launched two new ETFs, namely Amplify Stablecoin Technology ETF (STBQ) and Amplify Tokenization Technology ETF (TKNQ), providing investors with opportunities in the stablecoin and asset tokenization sectors.

Project Progress

1. ETH Strategy holds 11,778 ETH, valued at approximately $34.4 million.

2. VC valuations for Fuel and Bubblemaps are $1 billion, while their current market caps are only $11 million and $6 million, respectively. A comparison chart released by CryptoRank shows that most projects' market caps have significantly shrunk compared to VC valuations, reflecting a correction of overly high valuations after a shift in market sentiment.

3. Fasanara Capital purchased 6,569 ETH within two days and deposited them into Morpho as collateral.

4. USDC Treasury burned 50 million USDC on the Ethereum chain.

5. Resolv expands into the altcoin market, with the first supported assets being HYPE and SOL.

6. Bitcoin ETF saw a net outflow of approximately $60.1 million in one day; Ethereum ETF had a net outflow of about $358,000 in one day; Solana ETF had a net inflow of approximately $6.39 million in one day.

7. The market cap of USDe has dropped from $14.7 billion to about $6.4 billion due to a trust crisis since the collapse in October.

8. Nasdaq-listed company iPower has reached a $30 million convertible note financing agreement to initiate its DAT strategy.

9. SharpLink earned 460 ETH through staking rewards last week, bringing the total staking rewards to 9,701 ETH.

10. Arkham data: Trump Media transferred 2,000 BTC about 8 hours ago, valued at approximately $174.8 million.

Disclaimer: This report is generated by AI, with human input only for information verification and not as any investment advice.