According to BlockBeats, data from Coinglass indicates that if Bitcoin surpasses $90,000, the cumulative liquidation intensity of short positions on major centralized exchanges (CEX) will reach $481 million. Conversely, if Bitcoin falls below $87,000, the cumulative liquidation intensity of long positions will reach $514 million. BlockBeats notes that the liquidation chart does not display the precise number of contracts pending liquidation or the exact value of liquidated contracts. Instead, the chart's bars represent the relative importance of each liquidation cluster compared to nearby clusters, indicating intensity. Therefore, the chart illustrates the extent to which the target price reaching a certain level will be affected. A higher "liquidation bar" suggests that once the price is reached, there will be a stronger reaction due to a wave of liquidity.

A notable shift is unfolding in the portfolio of Arthur Hayes, as on-chain data reveals an active rotation away from Ethereum and into select decentralized finance (DeFi) tokens. The move follows Hayes’ public comments on December 20, 2025, signaling a strategic repositioning ahead of what he believes could be improving global liquidity conditions. source: https://www.ethnews.com/arthur-hayes-rotates-out-of-ethereum-and-accumulates-high-quality-defi-tokens/

Tom Lee 旗下基金 Fundstrat 加密货币策略主管 Sean Farrell 在 X 平台发文回应关于 “其市场观点与 Tom Lee 观点存在分歧 ”时表示，此前较为谨慎的上半年观点反映的是风险管理，而非完全看空。当前市场定价几乎接近完美，但风险仍然存在，包括政府停摆、贸易波动、人工智能资本支出不确定性，以及美联储主席更替等，同时高收益债利差紧缩、跨资产波动率低。近期资金流向也呈现分化。比特币目前处于估值的 “无人区 ”。长期来看，随着大型券商加入，ETF 需求应会改善，但近期仍面临原始持币者抛售、矿工压力、MSCI 可能剔除 MSTR，以及基金赎回等压力。Fundstrat 旗下拥有多位分析师，各自拥有独立的研究框架和不同的投资时间维度，旨在满足不同客户的投资目标。我的研究主要面向加密资产占比较高的投资组合，并采取相对更为积极的市场操作策略。Tom Lee 的研究主要服务于大型资金管理机构和将 1%–5% 资产配置于 BTC 与 ETH 的投资者。这类策略需要以高度自律、长期视角来把握结构性（长期）趋势，才能在时间维度上实现超额收益。而我的目标，是帮助加密资产配置占比较高（约 20% 及以上）的客户和订阅者，通过主动再平衡，在不同周期中持续跑赢市场。目前基准判断：年初可能出现一次反弹，随后上半年可能再次回调，为年底布局提供更具吸引力的机会。如果判断错误，我更倾向于等待确认信号。对于关注本展望的投资者，我仍预计比特币和以太坊将在年底前挑战新的历史高点，从而以更短、更小的熊市，结束传统的四年周期。 ”

A pastor and businessman from New York has admitted to a tax evasion scheme that cost the US government millions of dollars. The U. S. Department of Justice (DOJ) says Paul Mitchell, the lead pastor of a local church and the president of an educational daycare business, has pleaded guilty to stealing $3 source: https://dailyhodl.com/2025/12/21/pastor-drains-church-and-daycare-funds-to-fund-luxury-lifestyle-triggering-3222771-tax-loss-doj/

本案从一则上海法院的刑事判决切入，所涉及的是传统游戏行业中，员工利用工作权限修改后台数据并转售游戏币获利的行为。尽管游戏币与加密货币并非同一范畴.....

2025年1月，当Phemex交易所因漏洞损失6900万美元的消息传出时，很少有人意识到这只是一场系统性崩塌的序幕。

The biggest problem of Shiba Inu on the market right now is its size, to be honest. source: https://u.today/81500000000000-shib-reason-why-shiba-inu-cannot-rally

Zcash founder Zooko Wilcox has riled up Bitcoiners by claiming that he is bearish on the leading cryptocurrency. source: https://u.today/zcash-founder-reveals-biggest-reason-why-hes-bearish-on-bitcoin

据 Arkham 监测，某新建钱包在半小时前从币安提取 104503 枚 LINK，价值 132 万美元。近期巨鲸疑似在囤积 LINK，另一巨鲸 0xf44 最近两日已从币安提取约 63 万枚 LINK，价值近 800 万美元。

On Dec 21, 2025, 09:56 AM(UTC). According to Binance Market Data, Bitcoin has crossed the 89,000 USDT benchmark and is now trading at 89,038.367188 USDT, with a narrowed 0.88% increase in 24 hours.

Samsung has announced plans to unveil a new refrigerator powered by Google’s artificial intelligence Gemini. source: https://www.cryptopolitan.com/samsung-new-refrigerator-googles-gemini-ai/

BTC,山寨币,货币,AA精通BTC第3版精读03 金色财经,一切非比特币的其他币，都是山寨币。

黑客攻击,私钥,5000 万美元被盗——只因没仔细核对地址 金色财经,高端的骗局往往只需要采用最朴素的作案手法。

金色周刊是金色财经推出的一档每周区块链行业总结栏目，内容涵盖一周重点新闻、矿业信息、项目动态、技术进展等行业动态。

在本周，共有24 家区块链初创公司获得融资，融资总额达 3.351 亿美元。RedotPay 在 B 轮融资 中筹集 1.07 亿美元，为本周最大融资。

主题包括Cryptomoney、TradFi、Chains、DeFi、AI、DePIN 以及消费级应用。

我的职业生涯见证了三支风投基金和一支对冲基金从无到有。

金色财经推出加密货币和区块链行业早报《金色早8点》2915期，为您提供最新、最快的数字货币和区块链行业新闻。

Arthur Hayes：一旦市场意识到储备管理购买（RMP）与量化宽松（QE）本质相同，BTC将迅速回升至12.4万美元，并快速向20万美元发起冲击。