Robinhood has released its Q3 financial report, with cryptocurrency revenue surging 300% to $2.68 billion.

On December 22, data from Coinglass shows that Bitcoin (BTC) recorded a total net outflow of 2949.67 BTC from centralized exchanges (CEXs) over the past 24 hours. The top three CEXs by outflow volume are: - Kraken, with an outflow of 2950.29 BTC; - Bybit, with an outflow of 628.18 BTC; - Coinbase Pro, with an outflow of 596.89 BTC. Additionally, Binance saw an inflow of 670.58 BTC, ranking first on the inflow list.

On December 21st, CME’s FedWatch data shows the probability the Fed will cut interest rates by 25 basis points in January is 22.1%, while the odds of holding rates steady are 77.9%.

December 21: BNB Chain has issued a developer reminder noting the BSCScan API has been deprecated—developers must now use the Etherscan API V2 instead. To maintain uninterrupted service and boost API performance, developers should migrate to BSCTrace via MegaNode.

On December 21st, data from The Data Nerd shows a crypto whale address opened a 3x leveraged long position on ETH via Hyperliquid yesterday—with the position valued at roughly $89 million. Notably, the address had already netted a $19 million profit over the past month.

**IOSG Founding Partner Jocy’s Crypto Market Outlook (Dec 21, 2025)** On Dec 21, 2025, IOSG founding partner Jocy noted in a social media post: “2025 is crypto’s darkest year—and the dawn of the institutional era. This is a **fundamental market structure shift**, yet most still use old-cycle logic to assess the new era. Key 2025 takeaways: - Paradigm shift: From retail speculation to institutional allocation - Holdings: Institutions hold 24% of the market; retail has exited 66% (supply turnover complete) - BTC performance: Fell 5.4% for the year but hit an all-time high of $126,080 - Institutional behavior: Accumulating at “high” levels (focused on cycles, not short-term price) - Retail vs. institutions: Retail sells; institutions buy - **Not a bull market top—this is the institutional accumulation phase** ### 2026 Outlook (Tied to U.S. Midterms in November) Historical pattern: *“Policy first in election years”* - **H1 2026**: Policy “honeymoon period” + inst

December 21 — Per on-chain AI analysis tool CoinBob (@CoinbobAI_bot, https://t.me/Coinbob_track_CN), a whale wallet starting with 0xfee has generated **$5.04 million in total profits** since its first trades in October. The wallet has executed 30 round-trip trades, with both monthly and overall win rates exceeding 90%. The whale favors large BTC short positions, complemented by small long positions to capture rebound gains. It initiated BTC shorts around $115k on October 13, and has since added to the position (which it still holds). Additionally, the wallet often opens quick long positions at short-term lows of major altcoins and closes them the same day — posting just 1 loss in 20 long trades. Currently, the wallet holds ~$22.57 million in BTC short positions, with **$5 million in unrealized profits (345% gain)**. Its average entry level is $107k, with a liquidation threshold of $95.2k. It also holds small long positions in ETH, SOL, SUI and other altcoins.