Bitget Daily Digest (Dec.24)｜Bitmine Buys Over $200M Worth of ETH Again; U.S. Q3 Real GDP (Annualized) at 4.3%; $200M in Long Liquidations Across the Crypto Market

Bitget2025/12/24 02:19

By:Bitget

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Today’s Outlook

1、Bitmine acquired another 67,886 ETH over the past 24 hours, worth more than $200 million.

2、The Central Bank of Russia released a draft concept for regulating the crypto market, proposing to allow both qualified and non-qualified investors to invest in crypto assets under specific rules. Non-qualified investors, after passing a test, may purchase up to 300,000 rubles (about $3,800) worth of highly liquid crypto assets per year through a single intermediary; qualified investors, after passing a risk assessment, may invest without limits in any crypto assets except privacy coins.

3、U.S. Treasury Secretary Bessent supports reconsidering the Federal Reserve’s 2% inflation target.

Macro & Hot Topics

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

2、The initial reading of U.S. Q3 real GDP (annualized) came in at 4.3%, well above expectations of 3.3% and the previous 3.8%. The initial core PCE price index (annualized) was 2.9%, in line with expectations and higher than the prior 2.6%. Initial real personal consumption expenditures rose 3.5%, significantly above expectations of 2.7% and the previous 2.5%.

3、Spot gold climbed back above $4,522 per ounce; spot silver broke above $72 per ounce for the first time, up more than $43 year-to-date.

Market Performance

1、Over the past 24 hours, total crypto market liquidations reached $254 million, with long liquidations accounting for $200 million. BTC liquidations were about $84 million, while ETH liquidations were around $62 million.

2、U.S. equities closed higher on Tuesday: the Dow Jones rose 0.16%, the Nasdaq gained 0.57%, and the S&P 500 advanced 0.46% to a new closing high. NVIDIA (NVDA.O) rose 3%, Circle (CRCL.N) fell nearly 5%, and MSTR (Strategy) declined about 3.92%.

Bitget Daily Digest (Dec.24)｜Bitmine Buys Over $200M Worth of ETH Again; U.S. Q3 Real GDP (Annualized) at 4.3%; $200M in Long Liquidations Across the Crypto Market image 0

3、Bitget BTC/USDT liquidation heatmap shows the current price around 87.5k, sitting near the long–short liquidation pivot. Above, the 88k–90k range is stacked with heavy 50x–100x leveraged long positions; a high-volume breakout could trigger a long squeeze and sharp upside. Below, the 85k–86k area has relatively weak short liquidation and support; a failed breakout could lead to a fast downside move, reflecting a structure of crowded longs, amplified volatility, and high stop-hunting risk.

4、Over the past 24 hours, BTC spot inflows were about $85 million, outflows about $82 million, resulting in a net inflow of $3 million.

News Updates

1、CertiK annual report: A total of 248 phishing incidents were recorded in 2025, with losses of approximately $723 million.

2、Yardeni Research: Gold is expected to reach $6,000 by the end of 2026.

3、Asset manager Amplify ETFs launched two new ETFs—Amplify Stablecoin Technology ETF (STBQ) and Amplify Tokenization Technology ETF (TKNQ)—offering investors exposure to stablecoins and asset tokenization.

Project Developments

1、ETH Strategy holds 11,778 ETH, worth approximately $34.4 million.

2、Projects Fuel and Bubblemaps, each with prior VC valuations of $1 billion, now have market capitalizations of only about $11 million and $6 million respectively. A CryptoRank chart comparing VC valuations with current market caps shows that most projects have seen sharp declines relative to venture valuations, reflecting valuation corrections after shifts in market sentiment.

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

4、USDC Treasury burned 50 million USDC on the Ethereum network.

5、Resolv expanded into the altcoin market, with initial support for HYPE and SOL.

6、Bitcoin ETFs recorded net outflows of about $60.1 million in one day; Ethereum ETFs saw net outflows of about $358,000; Solana ETFs recorded net inflows of about $6.39 million.

7、USDe market capitalization fell from $14.7 billion to about $6.4 billion following a confidence crisis since October.

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

9、SharpLink earned 460 ETH in staking rewards last week, bringing cumulative staking rewards to 9,701 ETH.

10、Arkham data: Trump Media transferred 2,000 BTC about eight hours ago, worth approximately $174.8 million.

Disclaimer: This report is generated by AI and manually verified for information accuracy. It does not constitute any investment advice.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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