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After Record-Breaking Options Expiry, Bitcoin Returns to $87K Seeking Support Amidst a "Wicked" Market

3 hours ago

December 27th – Yesterday was the annual options expiration day, the largest in cryptocurrency history with a total notional value of roughly $28 billion. While most analysts and historical data signal significant volatility amplification post-expiration, holiday effects have kept the market locked in a sideways, range-bound pattern. Per HTX market data, Bitcoin dropped from $89,000 last night, briefly falling below $87,000 before rebounding to trade sideways above that level. It currently trades at $87,405. Analyst Murphy notes $87,000 is a key short-term accumulation point for Bitcoin and the strongest support in its current market structure. As long as this level holds with high-volume candles, market direction will become clearer.
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Bitmine has accumulated a total of 154,176 ETH in staking today, worth approximately $451 million

December 27 — Per data from Ashes Monitor, Bitmine has staked a total of 154,176 ETH today, worth approximately $451 million. Previous statistics show Bitmine’s total ETH holdings stand at 4.066 million.

2 minutes ago

Galaxy Research Director: US ETP Performance Stable, Bitcoin Mimicking Gold as Currency Devaluation Hedge Tool Only a Matter of Time

On December 27, Galaxy Research head Alex Thorn noted on X that Bitcoin will need to close above $93,389 on 2025’s final trading day to post positive annual returns. While investor sentiment toward Bitcoin is currently low, some portfolio managers may reassess the crypto in January 2026. Bitcoin has seen a wave of bullish developments this year, with this upward momentum appearing to become the norm. Despite a lackluster year-end showing, U.S. Bitcoin ETPs have remained far more stable. Since hitting a record $62 billion in October, cumulative inflows have only dropped 9%—underscoring the asset class’s growing maturity. Galaxy believes Bitcoin could soon act as a currency depreciation hedge like gold, as top asset allocators and central banks may catalyze this shift.

2 minutes ago

Russian Former Traffic Police Officer Sentenced to 7 Years for Using Violence to Obtain Evidence and Steal Hundreds of Thousands of Dollars Worth of Bitcoin

On December 27, a former traffic police officer in Ufa, Russia, was sentenced to seven years in prison for stealing approximately 20 million rubles (hundreds of thousands of dollars) worth of Bitcoin. The case stems from 2022, when the officer illegally accessed the mobile phones of two detainees while processing a case, used a messaging app to transfer BTC from their encrypted wallets, and engaged in violent evidence-gathering. The court ordered him to compensate the victims roughly 20 million rubles, strip him of his police rank, and sentence him to seven years in a standard-regime correctional facility. (Bits.media)

2 minutes ago

Yuga Labs announces acquisition of Improbable's Unreal Engine creation platform, will onboard the latter's development team

December 27, Garga.eth—co-founder of Bored Ape Yacht Club (BAYC)—announced on X that Yuga Labs has acquired Improbable’s Unreal Engine creation platform and inked a permanent licensing deal with Improbable for Otherside’s high-concurrency technology. Additionally, Improbable’s associated engineers and developers will join Yuga Labs; the exact acquisition sum remains undisclosed. Yuga Labs reportedly plans to further expand Improbable’s software and tools in 2026 and accelerate delivery of new gaming experiences for Otherside.

2 minutes ago

Suspected YGG Treasury Associated Address Deposits 40 Million YGG into Binance

On December 27, per Arkham monitoring, an address starting with "0xE040" deposited 40 million YGG tokens into Binance seven hours earlier—valued at roughly $2.65 million. Over the past five months, this address has periodically transferred YGG tokens to Binance’s deposit address. The tokens originally originated from the treasury and multisig addresses of Yield Guild Games (YGG), a play-to-earn guild.

2 minutes ago

The Crypto Fear and Greed Index has remained below 30 since November 3, with market "fear" sentiment unabated

On December 27, per Alternative data, today’s Crypto Fear & Greed Index stands at 23 (up from 20 the prior day), signaling persistent market fear sentiment. Since November 3, the index has stayed below 30 — a trend also observed in Q4 2022. Note: The index ranges from 0 to 100, with weights assigned to these metrics: Volatility (25%), Market Trading Volume (25%), Social Media Hype (15%), Market Surveys (15%), Bitcoin Market Dominance (10%), and Google Trends Analysis (10%).

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