ChainCatcher reports that this Friday will see approximately $236 billion worth of Bitcoin options expiring, marking the largest options expiration date in Bitcoin's history. Analysis indicates that this expiration is exceptionally large and overall bullish. The max pain point (the price level at which option buyers incur the greatest losses and sellers gain the most at expiration) is $96,000, which is expected to reinforce the upward price trend.

PANews reported on December 24 that Huobi HTX released its 2025 Proof of Reserves Annual Report, stating that it has been regularly publishing Merkle Tree Proof of Reserves (PoR) for 38 consecutive months, with the reserve ratio of all core assets consistently remaining above 100%, and all historical data available on-chain. The changes in reserve data in 2025 clearly reflect market trends and the platform's stable operation. The most significant change is the surge in user USDT assets, from approximately 695 million in January to approximately 1.765 billion in December, an increase of about 150%. Meanwhile, BTC user holdings remained relatively stable. A CoinDesk research report shows that as of November, Huobi HTX's market share grew by 2.06% in 2025, ranking first among mainstream centralized exchanges. Furthermore, Huobi HTX actively expanded asset transparency in 2025, including assets such as WLFI and USDC in its PoR coverage.

PANews reported on December 24th that CryptoQuant analysts stated the Bitcoin On-Chain Index (BCMI) continues to decline, currently below equilibrium but still above historical lows. This suggests the market is not merely undergoing a cooling phase, but rather a structural reset through price and on-chain momentum. Historically, the cyclical bottoms of 2019 and 2023 formed when the BCMI reached the 0.25-0.35 range. From a data perspective, the current market may be transitioning to a bear market phase, rather than a simple correction. If past patterns repeat themselves, a more sustainable bottom is only likely to form when the BCMI falls back to the levels of 2019-2023. Currently, the market appears to be in a downward transition phase, rather than having completed its reset.

BlockBeats news, on December 24, this Friday will see approximately $236 billion worth of Bitcoin options expiring, marking the largest options expiration day in Bitcoin's history.Analysis indicates that this expiration event is exceptionally large in scale and overall leans bullish. The max pain (the price level at which option buyers incur the maximum loss and sellers gain the maximum profit at expiration) is $96,000, which is expected to reinforce the upward price trend.

BlockBeats News, December 24th, according to analyst @alicharts, historically, Bitcoin's major cycles have followed a surprisingly consistent rhythm in both time and depth:• It takes approximately 1064 days from market bottom to top;• It takes approximately 364 days from peak to the next trough;@alicharts infers that if this pattern continues, Bitcoin is currently within a 364-day adjustment window, suggesting its bottom may occur around October 2026, with a potential bottoming price around $37,500.

PANews reported on December 24 that, according to Cointelegraph, Philippine Internet Service Providers (ISPs) have begun blocking major cryptocurrency exchanges after regulators tightened local licensing oversight of cryptocurrency service providers. Users have reported that they are unable to access global cryptocurrency exchanges Coinbase and Gemini in the Philippines, with multiple local ISPs also unable to access these platforms. The ISPs' blocking actions are based on an order from the National Telecommunications Commission, which instructs service providers to restrict access to 50 online trading platforms deemed unauthorized operations by the Central Bank of the Philippines (BSP). The Central Bank of the Philippines has not released a full list of platforms affected by the order. However, this change indicates that local regulators are shifting from an informal, tolerant approach to enforcement, and local licensing will become a decisive factor in access to the Philippine cryptocurrency market.

PANews reported on December 24th that Bybit Alpha and Byreal now support direct trading of the on-chain token $SOTER. Users can quickly trade simply by logging into Bybit Alpha, without needing a separate wallet, and track the market prices of popular tokens in real time. Byreal is a DEX (decentralized exchange) built on Solana, achieving stable trade execution and an efficient liquidity market-making experience through granular liquidity distribution and a fast on-chain confirmation mechanism.

BlockBeats news, December 24, according to monitoring by Arkham analyst Emmett Gallic, Aleksey Bilyuchenko, who is charged by the U.S. Department of Justice as the Mt. Gox hacker, his related entities have deposited 1,300 BTC (worth approximately $114 million) to an unknown exchange in the past 7 days. This series of addresses still holds 4,100 BTC (worth $360 million). They have sold a total of 2,300 BTC.Public information shows that since 2011, Aleksey Bilyuchenko, together with Alexander Vinnik, operated BTC-e, a notorious exchange accused of laundering money for global cybercriminals, including ransomware, identity theft, and drug trafficking. BTC-e was shut down by law enforcement in 2017.The U.S. Department of Justice charges that he, along with Aleksandr Verner, hacked into Mt. Gox (the world's largest Bitcoin exchange at the time) starting in 2011, stealing approximately 647,000 Bitcoin (leading to Mt. Gox's bankruptcy). They are charged with conspiracy to launder money and using part of the stolen funds to operate BTC-e.

BlockBeats news, December 24, according to Hyperinsight monitoring, over the past 6 hours, '20 Million Band Hunter' (0x880a) has been continuously closing short positions in multiple cryptocurrencies including ETH and HYPE. Currently, the ETH short position size is approximately $68.3 million, with an average price of $3,132 and a liquidation price of $3,767; the HYPE short position size is approximately $41.97 million, with an average price of $31.7 and a liquidation price of $34.27. Its total position size is about $111 million, and it is currently the largest short whale for both ETH and HYPE on Hyperliquid.This address has long engaged in high-frequency multi-currency band trading, with an average holding period of about 20 hours. Since October, it has achieved profits exceeding $104 million with an initial capital of approximately $20 million, with today's profits reaching $1.3 million.Previously, the address's positions were mainly concentrated in short directions for cryptocurrencies such as PUMP, PAXG, and HYPE, accounting for 83.6% of the total holdings. Recently, it has shifted focus to ETH and HYPE short positions, which together account for 98.6% of the total.

BlockBeats News, December 24, according to Onchain Lens monitoring, the "BTC OG Insider Whale" deposited 100,000 ETH into Binance 3 minutes ago, valued at $292.12 million.Additionally, the series of long positions held by the "BTC OG Insider Whale" on Hyperliquid remain unchanged, with floating losses currently reported at $55 million.