Santiment: Fear Has Yet to Reach Levels That Would Confirm Market Bottom, Bitcoin Could Still Drop to $75,000

On December 21, Coinglass data reveals the following top net flows in the cryptocurrency spot market over the past 24 hours: ### Top Net Outflows - BTC: $73M - NIGHT: $67M - ETH: $46M - WET: $11.3M - SOPH: $6.75M ### Top Net Inflows - XRP: $12.3M - TRX: $11.5M - UNI: $11.32M - USDE: $4.88M - DOGE: $2.4M This aligns with American financial news conventions—concise, scannable, and focused on key data points.

December 21st — Per Onchainlens data, a whale has withdrawn another 246,259 LINK from Binance, valued at $3.08 million. The whale has now accumulated a total of 445,775 LINK, worth $5.57 million.

On December 21, Caixin magazine reported that Zhao Zhongxiu, president of the University of International Business and Economics (UIBE), and other scholars published an article titled *Global Stablecoin Regulation Taking Shape: The "Chinese Approach" Could Be Piloted in FTZs*. The article notes that with stablecoin legislation now enacted across multiple major global jurisdictions, China should not miss this historic opportunity. To prudently advance stablecoin-related business and regulation on the Chinese mainland, the authors propose launching pilot programs in Free Trade Zones (FTZs)—including the Qianhai FTZ adjacent to the Hong Kong Special Administrative Region (SAR) and the Hainan Free Trade Port. Specific pilot initiatives include: establishing a "Cross-Border FinTech Lab," creating a stablecoin "whitelist" system, launching an offshore RMB stablecoin innovation pilot, promoting digital trade and intellectual property (IP) financing, and upgrading blockchain infrastructu

On December 21, SlowMist Chief Information Security Officer (CIO) 23pds retweeted a community user’s post to issue a security alert. A developer behind a Polymarket copy-trading bot hid malicious code in the project’s GitHub repository. When activated, the bot automatically reads users’ .env files—which store wallet private keys—leading to fund theft. The bot’s author repeatedly modified the code and made multiple GitHub submissions, intentionally concealing the malicious payload.

**Digital Currency Adoption Speeds Up—Beware These Fraud Traps** On December 21, *Science and Technology Daily* published an article titled *“Digital Currency Adoption Speeds Up—Beware These Fraud Traps.”* Liu Xiaochun, Director of the Shanghai Financial Digitalization Center, revealed that some criminals use instant messaging tools and other channels to spread info about buying digital currency wallets with promises of high returns. They then use the acquired wallets to carry out telecom fraud, money laundering, and other illegal activities. Other scammers create fake event pages to steal personal information and funds. Dong Ximiao, Deputy Director of the Shanghai Finance and Development Laboratory, noted that the key to avoiding digital currency fraud is to recognize its ordinary status as legal tender, reject all get-rich-quick schemes, and protect wallet passwords and verification codes the same way you’d safeguard physical cash.