Last week, funds have flowed into #Bitcoin, #Ethereum, and #Hyperliquid.

December 8th — Per monitoring from HyperInsight (via their Telegram channel: https://t.me/HyperInsight), the cryptocurrency market continues to climb. Crypto trader “Buddy” (Huang Licheng) currently holds a long position of 4,575 ETH. After rolling the position repeatedly, his unrealized profit now exceeds $580,000. His average entry price is $3,046.75, with a liquidation price of $3,047.52. As BlockBeats reported yesterday: when ETH dropped to $2,900, “Buddy” closed out all his ETH long positions, incurring a loss of $738,000. However, he immediately opened a new long position of 2,100 ETH (valued at $6.18 million at the time of opening).

On December 8, crypto trading platform BYEX Exchange reportedly began full operational downsizing and has launched preparations for a complete system shutdown. Industry sources attribute the closure to a series of force majeure factors and the platform’s long-term business direction adjustment. BYEX has issued internal and external notices advising users to withdraw all platform account assets by 11:59 PM on December 31, 2025 (UTC+8). Several market analysts note that BYEX’s shutdown reflects systemic challenges facing mid-tier crypto exchanges—including regulatory uncertainty, fragmented liquidity, and intensified competition. These challenges likely influenced the platform’s strategic decision.

December 8th — BSC meme coin DOYR has plummeted 81% in market cap from its $31.3 million high yesterday, now sitting at roughly $5.8 million. Its current price is ~$0.0058, with a 43% 24-hour decline (per GMGN monitoring via its Telegram bot at https://t.me/gmgnaibot?start=i_m4TE56o8). Separately, on-chain KOL “Keep Calm and Keep Calm Again” purchased DYOR (potential typo for DOYR) when its market cap was ~$700k. The account holds an unrealized $50k profit (712% return) now, with a peak unrealized gain of nearly $300k (≈4,000%). It hasn’t sold any holdings yet and ranks 6th on the DOYR holding list.

Last Friday, December 8, the cryptocurrency ETF market saw a notable divergence: Bitcoin (BTC) and Ethereum (ETH)-related products posted large net outflows, while various altcoin ETFs—especially XRP-tied funds—continued to attract institutional capital, signaling a meaningful shift in fund allocations. Mainstream asset outflows were striking: - Bitcoin spot ETFs recorded a single-day net outflow of ~$195 million, one of their weakest weekly performances in recent weeks. - Ethereum ETFs also saw significant net outflows, ending a brief stretch of net inflows earlier that week. Analysts note that macroeconomic uncertainty—particularly pending inflation data—is prompting institutions to temporarily reduce risk exposure rather than fully exit the market. Trading volume for mainstream crypto ETFs has declined, reflecting investors’ wait-and-see stance. In stark contrast to pressure on BTC and ETH, XRP ETFs have posted consecutive weekly net inflows, with cumulative inflows appro

**December 8th Update** HTX DeepThink columnist and HTX Research researcher Chloe notes that as the year winds down, the global macro environment has grown more volatile due to diverging U.S. and Japanese policies—pressuring risk assets including Bitcoin. ### Core Drivers & Contradictory Signals - **U.S. Policy Uncertainty**: While inflation data points to a slowdown and markets are pricing in more rate cuts, news that former Trump advisor Kevin Hassett could take over as Federal Reserve Chair has pushed bond yields higher. - **Japanese Policy Shift**: The Nikkei reports Bank of Japan (BOJ) officials are leaning toward hiking the policy rate to 0.75% at their December 19 meeting—its highest level since 1995—deepening the U.S.-Japan policy divergence. ### Bitcoin Market Performance - **Institutional Positioning**: ETFs have seen net outflows, and futures open interest has declined—signaling institutions are taking a defensive stance. - **Option Market Contradictions**: I

On December 8, data from Coinbob Popular Address Monitoring shows two key addresses—“BTC OG Insider Whale” and “pension-usdt.eth”—opened large ETH long positions today, while the largest BTC short whale on Hyperliquid (dubbed the “Ultimate Short Whale”) partially closed shorts at a profitable level. Here’s a breakdown: - **BTC OG Insider Whale**: Holds a 5x-leveraged ETH long position with a $4.46M (13%) unrealized profit. Average entry: $3,048; liquidation price: $1,801; position size: ~$170M. Added $70M to its position overnight and this morning, now Hyperliquid’s largest ETH long. - **pension-usdt.eth**: Opened a new 2x-leveraged ETH long at 3:00 AM today. Position size: ~$62.55M; average entry: $3,087; unrealized profit: $880K (2.8%); weekly profit: $6.14M. - **Calm Order Opening King**: Over the past two days, its BTC/ZEC/SOL shorts flipped from a $600K unrealized profit to a loss. Current total position: ~$19.09M; total unrealized loss: $930K. Account balance dropped from