CryptoQuant Quicktake

The recent sharp decline in Bitcoin appears to be a classic case of large players taking advantage of thin liquidity to trigger forced liquidations. With no significant fundamental catalyst, the drop was likely driven by structural weaknesses in the market—reduced liquidity and excessive leverage—allowing relatively small sell orders to cascade into large-scale liquidations. This type of setup has occurred repeatedly in the past and is something that can certainly happen again.

To detect these risks before they materialize, on-chain and derivatives data are essential. Two indicators stand out: Open Interest (OI) and the funding rate. When OI climbs to elevated levels, it signals that substantial leveraged positions are still open, making the market more vulnerable to liquidation cascades triggered by even minor volatility or news. At the same time, highly positive funding rates indicate an overheated environment where leveraged longs are paying a premium just to maintain their positions—conditions that attract opportunistic “whale” strategies.

Conversely, after a sharp sell-off, a significant drop in OI and a normalization or negative turn in funding rates may signal that the market has gone through a “leverage flush” and is transitioning into a healthier phase. In other words, the key is not simply reacting to market moves after they happen, but recognizing how much leverage has been loaded before it happens.

Data over emotion. Monitoring shifts in OI and funding rates is a critical component of risk management in a market where whale-driven swings are not the exception—but part of the landscape.

Written by XWIN Research Japan

The Bitcoin (BTC) market faced downward pressure due to the expiration of approximately $3.4 billion in options contracts on Friday, December 5, 2025. This liquidity event exerts a “gravitational force” on the price, pulling it toward the Maximum Pain Point of $91,000.

The drop in BTC price to $89,500, below the maximum pain point, is a crucial development. The maximum pain point is the level where most contracts expire worthless, resulting in maximum losses for holders and maximum profits for issuers (market makers).

RELEVANCE OF THE NEGATIVE FUNDING RATE

The Funding Rate measures the cost of maintaining positions in perpetual futures contracts and is an excellent indicator of trader sentiment and positioning in the derivatives market.

➝ Market Sentiment: A negative Funding Rate, such as -0.001206, indicates that short traders are willing to pay long traders to maintain their positions. This suggests that the prevailing sentiment in the futures market is bearish, with many traders betting on a price decline.

➝ Alignment with Selling Pressure: This bearish sentiment aligns with the expected selling pressure from the $3.4 billion options expiration and the $91,000 maximum pain point. The negative Funding Rate reinforces the narrative that the market is positioned for a drop.

CONCLUSION

Trading at $89,500 maximizes profits for issuers by making most call contracts expire out-of-the-money. This confirms that selling pressure in the spot market successfully pushed the price to the most profitable level for options issuers, reinforcing a more cautious market sentiment in the short term.

Written by GugaOnChain

Bitcoin trades at $91,000 after bouncing from $84,000 lows, yet Binance USDT netflow reveals liquidity dynamics contradicting traditional market assumptions. December opened with $560 million in net inflows across two days, then December 3rd wiped everything with a massive $657 million single-day outflow while Bitcoin simultaneously rallied 5.25% from $88,000 toward $93,000. This capital drain during sharp rally represents opposite of conventional predictions.

November 28th recorded similar dysfunction with Bitcoin gaining 5.74% alongside $143 million in Binance outflows. Statistical analysis across 127 days confirms 40% of all sharp rallies exceeding 3% daily gains occurred during negative netflow periods rather than positive accumulation. Correlation between Binance netflow and Bitcoin price measures negative 0.061, essentially proving zero mathematical relationship exists.

December through four trading days shows net negative $109 million in combined flows. December 1st posted $318 million inflow, December 2nd added $242 million, then December 3rd erased gains with the $657 million exodus. December 4th followed with $12 million outflow, turning monthly average to negative $27 million daily.

What makes Binance netflow data uniquely valuable is precisely this ability to expose market structure fragmentation that price charts cannot reveal. As the world's highest-volume spot exchange, Binance flow analysis serves as definitive gauge for understanding where actual liquidity resides versus where price discovery mechanisms operate. December data proves these functions have completely decoupled. When $657 million exits during 5% rally, it confirms derivatives platforms dominate Bitcoin price formation while spot exchanges handle secondary execution.

Written by Crazzyblockk

The AI sector is experiencing strong growth, driven by Nvidia’s market capitalization above $5 trillion and OpenAI’s IPO valuation at $1 trillion. This momentum is reinforced by Amazon’s $50 billion investment, IREN’s 30% stock surge following a $9.7 billion AI cloud deal with Microsoft, and breakthroughs such as XPENG’s humanoid robot and Google’s plans for AI data centers in space.

With a 9.24% mindshare in the crypto market and 32.23% growth over the past 30 days, the sector confirms rising attention, supported by hardware dominance and the pursuit of decentralized infrastructure.

AI INFRASTRUCTURE NETWORKS AND AGENTS (AI AGENTS):

➝ Bittensor (TAO): A pioneer in the Crypto x AI space, creating a marketplace where miners compete as AI models to deliver the best responses.

➝ AI Agent Platforms: Focused on leveraging existing models for direct on-chain use cases.

• Warden Protocol: Launched an Agent Hub marketplace and an AI Trading Terminal enabling cross-chain trading and operations with on-chain verification.

• Autonolas and Delysium: Platforms designed specifically for AI Agents.

• Ritual: A decentralized network for verifiable AI model inference.

• Wayfinder: Developing a platform that allows AI agents to perform sophisticated on-chain actions (token swapping, bridging, staking) securely.

• SingularityNET (AGIX) and Fetch.ai (FET): Prominent AI tokens offering tools to enhance network operations, data processing, and predictive analytics.

CONCLUSION

The AI sector advances with strength, fueled by major investments, technological innovation, and emerging tokens, consolidating itself as a central axis of the next phase of the digital economy.

Written by GugaOnChain

The chart shows that seller dominance has increased notably since mid 2025. This means aggressive selling has outweighed buy side taker activity. The Taker Buy Sell Ratio often drops below 1, and the 30 day SMA falling below 1 is particularly important. It signals a trend like, structural sell bias rather than short term volatility. The 30 day MA sliding to 0.97 confirms strong underlying selling pressure.

As the Taker Buy Sell Ratio declined after mid 2025, BTC price also shifted downward, revealing a clear parallel between the metric and price action. This shows that seller domination has directly influenced the market.

Although TBSR occasionally spiked to 1.10-1.15, these moves only produced short term relief rallies and created attractive short entry zones. Buyers were not strong enough to reverse the broader trend.

For nearly two months, TBSR has stayed below 1 and the price has entered a prolonged decline. During this period, BTC fell from around $120K to $81K. This tight correlation confirms that the primary price direction remains downward.

Last week seller pressure briefly eased as buy side activity appeared more frequently, but the 30 day SMA is still low. I view this as a corrective move within a broader downtrend, with sellers likely stepping aside until roughly $100K. This temporary reduction in selling should not mislead it's likely just a retracement. If the 30 day SMA breaks above 1, BTC could show a bounce toward the $100K region.

Taker sell dominance remains high, and aggressive selling persists in both spot and derivatives markets. This makes any upward reactions easy to suppress. Therefore, the primary trend is expected to continue downward toward the $70K region.

Written by PelinayPA

The Altcoins Volume-Weighted Momentum indicator on Binance for December provides an accurate picture of momentum in the altcoin market. This indicator reflects the true level of price activity after weighting it by trading volumes. As of December 3rd, the indicator was valued at approximately 0.00082, while the 30-day moving average remained stable at 0.00094. This slight difference suggests that overall momentum in altcoins is moving within a narrow range, without any strong breakouts in either direction.

The indicator’s continued readings near zero indicate that investors are in a wait-and-see mode, with no strong buying or selling activity at present. This reflects the market’s tendency to stabilize following the recent correction.

The stability of the 30-day MMA above the intraday momentum reading is a meaningful signal. It indicates a weak overall trend with a slight positive bias, but it is not sufficient to confirm the start of a new bullish cycle in the altcoin market. For a more pronounced shift to occur, the indicator must rise consistently above its moving average, accompanied by increased trading volumes—conditions that have not yet materialized.

The short-term volatility of the momentum indicator suggests selective movements within the altcoin sector; some relatively small coins are experiencing sharp price swings, while larger ones remain relatively stable, creating a clear divergence in market performance. This pattern confirms that liquidity remains partial and limited within the altcoin category compared to Bitcoin, despite slight signs of gradual improvement.

Written by Arab Chain

The Puell Multiple recently declined to 0.67 and is now stabilizing around the 0.8 level.

With each halving cycle, both the cyclical highs and lows of this metric continue to converge, suggesting that the structural bottom for the current cycle is likely forming in the 0.45–0.55 range.

Notably, unlike previous cycles, the latest downturn occurred without reaching the prior trend peak near 2, instead reversing in the 1.2–1.4 zone.

This indicates a significant reduction in miner-driven overheating and reflects the ongoing compression of the indicator’s overall scale.

As a result, an extreme capitulation event—such as a drop into the 0.3 range—has become structurally unlikely.

While the Puell Multiple alone does not confirm an absolute cycle bottom,

the metric shows that Bitcoin is gradually entering a mid-cycle bottoming zone, where a rebound can occur even without additional downside.

Written by miracle yoon

Data from the Binance platform provides a detailed picture of the market’s condition and short-term trends, particularly as traders’ behavior coincides with the price stabilizing near $2.09. This indicator, which is derived from traders’ activity in perpetual contracts, measures the share of aggressive sell orders and is a powerful tool for understanding liquidity dynamics and the balance of power between buyers and sellers.

The rise in the Taker Sell Ratio to 0.53 its highest level since mid-November indicates that the selling side has taken the lead in market transactions. In other words, traders executing market sell orders have become more active than those executing market buy orders. This trend signals an increase in selling pressure, which could mark the beginning of a short-term corrective wave if this pattern continues in the coming days.

Despite this relative increase in selling pressure, price action has remained stable around the $2.09 level. This is noteworthy, as it suggests that buyers are still able to absorb the additional sell-side liquidity without a sharp decline. Such stability indicates strong support in the current zone, but it also highlights the market’s heightened sensitivity to shifts in trading momentum. Meanwhile, the noticeable fluctuations in the Taker Sell Ratio in recent weeks reflect instability in traders’ sentiment. We are witnessing rapid transitions between dominant selling and buying activity, which may indicate that XRP is approaching a pivotal point either confirming a new upward trend or entering a corrective phase.

Written by Arab Chain

A recent analysis of on-chain data reveals a significant increase in the Bitcoin Exchange Whale Ratio, a metric that serves as a potential warning signal for the market. This indicator measures the ratio of the top 10 largest BTC inflows to exchanges relative to total inflows. A rising ratio indicates that large players (whales) are increasingly depositing their assets onto trading platforms.

Key Analytical Points:

1. Macro-Level Increase (All Exchanges):

According to the charts, the 14-day Exponential Moving Average (EMA-14) of the Exchange Whale Ratio for all exchanges has reached 0.512. This is the second-highest value recorded since mid-September 2024. Values above 0.5 are generally considered a cautionary zone, as they suggest that a significant portion of exchange inflows is driven by whales, often with the intent to sell. This potential increase in selling pressure could impede further price growth or even trigger a market correction.

2. Pronounced Uptrend on Binance:

This upward trend is even more pronounced on the Binance exchange specifically. The 14-day EMA for the ratio on Binance has climbed to 0.427, marking its highest level since April 2025. Given that Binance is the largest cryptocurrency exchange by trading volume, heightened whale activity on this platform is particularly significant. It shows that major players are actively moving their assets to the market with the highest liquidity.

Conclusion:

The simultaneous rise in the Exchange Whale Ratio across the broader market, and particularly on Binance, suggests that whales are transferring Bitcoin to exchanges, likely with the intention of selling and realizing profits. This behavior typically increases selling pressure and can act as strong resistance to further price appreciation.

As is evident from the charts, this spike in the whale ratio has coincided with the recent price rally stalling and the beginning of a corrective phase. Therefore, traders should exercise caution, as this data imp

Written by CryptoOnchain

Ethereum data on Binance over the past few weeks shows a clear pattern of heightened volatility in the CVD indicator, reflecting rapid shifts in buying and selling pressure among traders. While the price remains in a downtrend from its peak in aug , recent CVD movements indicate the return of notable buying activity, although these movements are still sporadic and lack the consistency required to confirm a strong bullish reversal.

It is noteworthy that the CVD recently rose to positive levels, coinciding with the price’s attempt to stabilize above the $3,100 mark—a sign of new liquidity entering the market through short-term buy orders. However, the significant fluctuations within the CVD continue to signal a strong tug-of-war between buyers and sellers, with sharp spikes followed by rapid pullbacks, suggesting that the market has not yet reached a state of temporal or structural stability.

Equally important is the behavior of the 30-day correlation between price and CVD. Despite the relatively lower price levels, the correlation has remained positive around 0.6—a relatively high reading that highlights a consistent relationship between liquidity movements and price direction. The persistence of this positive correlation implies that buying pressure, even if intermittent, continues to play a meaningful role in shaping Ethereum’s medium-term price action.

this pattern can be interpreted as investors attempting to capitalize on market dips amid continued volatility, especially with growing anticipation of a potential liquidity influx as upcoming network upgrades approach. Nevertheless, the absence of a clear trend in the CVD suggests that any future upward movement will depend on the emergence of a more sustained accumulation phase and a reduction in short-term selling pressure.

Written by Arab Chain

Reaching the psychological barrier of $100,000 for Bitcoin represents a crucial turning point, sparking intense speculation over whether it will lead to a strong bullish rally or a correction, known as a “dead cat bounce.” Market sentiment is divided between optimism for a new growth phase — fueled by expectations of a Federal Reserve interest rate cut on December 10, 2025 — and caution due to historical volatility at major round numbers. A decisive breakout above this level is seen as a key factor in determining Bitcoin’s short- to medium-term trajectory.

➝ Market Health

The Growth Rate Difference (Market Cap vs. Realized Cap) indicator, an on-chain metric derived from the MVRV concept, compares Bitcoin’s market value with its realized value. The negative reading of -0.00095 suggests that Market Cap is falling faster than Realized Cap, signaling correction and structural weakness. With BTC priced at $92,395.50, below the fundamental growth trend, bearish pressure is reinforced and caution is warranted amid current volatility.

➝ Correction Risk

The $100,000 level is a psychological barrier that historically requires multiple attempts to break. Failure to hold critical levels could trigger a pullback toward the $90,000 range, with key support between $85,000–$87,000.

Conclusion

Despite strong momentum and growing institutional interest, volatility and psychological resistance at $100,000 demand caution. The market is at a decisive moment, where confirmation of a new price threshold or a significant correction will depend on Bitcoin’s ability to sustain a breakout above this critical mark.

Written by GugaOnChain

The Taker Buy Sell Ratio chart for Ethereum on Binance indicates a significant trend reversal and a clear return of positive sentiment to the market. The metric’s rise to 0.998—its highest level since early August—immediately after the Fusaka network upgrade on December 3, 2025, signals aggressive buyer participation.

This rebound from the lows (0.945) shows that futures traders view the Fusaka update as a bullish catalyst and are actively accumulating long positions. Although the price is still hovering around $3,130, the acceleration of this ratio has outpaced the price itself, acting as a leading indicator.

A breakout above 1.0 would serve as the final confirmation of the end of November’s correction and the beginning of a move toward the $3,500 and $4,000 targets.

Written by CryptoOnchain

Binance has clearly regained strength in recent weeks.

ERC-20 stablecoin reserves on the exchange have surged to their highest levels since early 2022, signaling a strong recovery in liquidity, renewed user inflows, and improving market confidence. On-chain order flow also shows a rise in large BNB spot purchases, suggesting that whales are actively accumulating during this phase.

This momentum is further supported by a strengthened leadership structure.

On December 3, Binance appointed co-founder Yi He as Co-CEO, moving to a dual-leadership model alongside current CEO Richard Teng. Yi He has been a core member of the executive team since Binance’s inception and currently serves as Chief Customer Service Officer. Teng announced the news during his keynote at Binance Blockchain Week, highlighting that “Yi has been indispensable to the leadership team since day one.”

At the same time, founder CZ continues to engage globally on education, policy, and industry coordination, reinforcing long-term trust in the Binance ecosystem.

Another powerful catalyst is the rapid expansion of tokenized finance.

Following Binance Wallet integration on December 1, Ondo Global Markets’ tokenized stocks on BNB Chain surged from under 1 million dollars to nearly 20 million dollars—a 20x increase in days. Across Ethereum and BSC combined, tokenized equity AUM has now reached roughly 350 million dollars, capturing over 60% of the mainstream tokenized-stock market. The acceleration of real-world asset tokenization is now visible in hard data.

Together with the strong rebound shown in the attached charts, these developments indicate that Binance is entering a new growth phase powered by three pillars: a major liquidity recovery, a reinforced executive structure, and the fast-expanding infrastructure of tokenized finance.

Written by XWIN Research Japan

Just days before the highly anticipated Fusaka Upgrade on December 4, 2025, Ethereum’s network activity went into overdrive. On November 26th, the “Total Gas Used” metric experienced a colossal surge, rocketing from 165 Billion to a new All-Time High of 215 Billion.

This wasn’t random; it was a clear signal of market participants positioning themselves. Such a dramatic increase in on-chain activity—a roughly 30% jump—suggests a flurry of pre-upgrade strategies. Users were likely locking assets in DeFi protocols, executing complex smart contracts, or securing positions in anticipation of post-upgrade opportunities. It represents a massive vote of confidence in the upgrade’s success.

This fundamental explosion is doubly bullish for $ETH’s price:

Surging Demand: It proves intense, real-world demand for Ethereum’s block space, even before the upgrade’s benefits are live.

Accelerated Burn: Under EIP-1559, this record-high gas usage dramatically increased the ETH burn rate, applying strong deflationary pressure on the supply.

This on-chain explosion, occurring while the price hovers around $3.1K, serves as a powerful leading indicator. The smart money appears to have placed its bets, viewing the Fusaka Upgrade as a major bullish catalyst.

Written by CryptoOnchain

This cycle has been tough for altcoin traders.

Many didn’t perform as expected, which forces anyone who wants exposure to altcoins to be much more selective.

For those who still want to get exposure, we’re now entering an interesting period to do so, if we look at overall altcoin trading volumes.

This chart compares the aggregated 30-day altcoin trading volume for stablecoin quote pairs to its annual average.

We’ve entered again a buying zone, defined by 30-day volumes falling below the yearly average.

This is a period that encourages DCA if you’re betting on a continuation of the bullish trend.

It’s a phase that can last for weeks or even months, giving enough time to optimize a DCA strategy with well-targeted entry points.

However, we need to proceed with caution. The market context is difficult to read, and it’s essential to also prepare an invalidation strategy in order to protect capital if the market were to drop further.

Moreover this cycle has shown that it’s better not to hesitate when it comes to taking profits once volumes start surging again and hype returns to the altcoin market.

Written by Darkfost

Binance Volume Delta data clearly shows that sell orders around the $90,000–$91,000 range have been absorbed, helping the price hold this critical zone.

As Bitcoin climbed toward $94,000, Binance Volume Delta was around $155M, but earlier this afternoon it dropped to $50M.

➡️ This indicates that buyer strength is gradually weakening and their momentum is fading.

Meanwhile, selling pressure has spiked several times, reaching as low as -350M $, showing significant aggression from sellers.

➡️ This confirms that sellers are overpowering buyers during these moves.

However, one key detail stands out:

🔥 The $90,000–$91,000 zone continues to absorb selling pressure strongly.

This area has become the primary short-term support region for the market.

Because Binance is one of the leading exchanges that influences market direction with its volume, the balance between buyers and sellers at these levels directly shapes price action.

🟢 If this support holds:

A move toward $95,000–$96,000 becomes highly likely.

🔴 If this level is lost:

Downside pressure may accelerate, potentially triggering deeper corrections.

Written by BorisD

On-chain data from Binance reveals a critical warning for Bitcoin. The 30-day moving average (SMA) of total exchange inflows reached a 2025 peak of 9.17K on November 28th. This is a significant bearish indicator, suggesting that selling pressure is at its highest level this year.

Historically, peaks in this metric have preceded major price corrections. We observed a similar significant spike in March 2025, which was immediately followed by a sharp downturn in BTC’s price. The current peak confirms a sustained trend of investors moving their BTC onto the exchange, likely to take profits or de-risk their positions.

While the price is currently attempting to hold the $92.8K level, this immense and growing supply on Binance acts as a powerful headwind. The market must absorb this sell-side liquidity before any sustainable upward momentum can be established. This data urges extreme caution, as the risk of a significant price drop has increased substantially. The historical precedent is too strong to ignore.

Written by CryptoOnchain

Reviewing the Binance Netflow data for November 2025 reveals a striking divergence between market leaders and specific altcoins.

1. Ethereum Supply Crunch:

The most significant signal is the massive negative Netflow for ETH (-358M). This continued outflow suggests whales and institutions are moving Ethereum off the exchange into cold storage, signaling strong long-term conviction and a potential supply shock.

2. Warning Signal for UNI & DeFi:

Conversely, UNI shows a staggering positive inflow of +53.5M. This massive deposit onto Binance could indicate potential selling pressure or liquidity provision, urging caution for UNI holders. Similarly, CRV (+1.7M) and SUSHI (+1.5M) are seeing inflows, hinting at profit-taking behavior in the DeFi sector.

3. Buying Power Accumulating:

On the bright side, stablecoins like BUSD (+436K) and TUSD (+409K) are showing positive inflows. This suggests that while altcoins are being deposited, traders are also loading up on “dry powder,” ready to buy the dip.

Conclusion:

The market sentiment is mixed. While ETH implies a bullish accumulation phase, specific altcoins like UNI face potential sell-side liquidity. Traders should monitor these inflows closely before taking long positions on the affected altcoins.

Written by CryptoOnchain

Recent spikes in Bitcoin’s Exchange Outflow (Total) and Fund Flow Ratio have drawn attention, as similar patterns historically appeared near important market lows. The question is whether these movements hint at the early stages of a new accumulation phase.

Metric dynamics

Exchange Outflow (Total): Measures the total BTC leaving exchange-labeled wallets. However, large spikes such as 332k, 227k, 319k, and 387k BTC do not always represent real investor withdrawals. These extreme values often result from internal exchange wallet reorganizations, including cold-wallet consolidation or system maintenance. Still, clusters of elevated outflows—whether user-driven or internal—tend to occur near macro turning points, indicating heightened structural activity on exchanges.

Fund Flow Ratio: Compares exchange-related volume to total on-chain volume. High spikes signal periods where a meaningful share of network activity is tied to exchanges. During downtrends, these jumps often appear when traders capitulate or when larger players reposition, which can precede medium- to long-term market stabilization.

Correlation with price

Historically, when outflows rise while price consolidates or declines, it may indicate that long-term holders are accumulating or exchanges are preparing for major liquidity shifts. Similarly, Fund Flow Ratio surges typically reflect stress or aggressive repositioning—conditions commonly found near market bottoms.

Risk considerations

These metrics provide valuable context for understanding long-term market behavior, but they should never be used as standalone buy-sell signals. Internal transfers, short-term volatility, and broader macro conditions can distort interpretations. Effective risk management requires combining on-chain data with technical structure, liquidity trends, and sentiment analysis to form a complete view of market conditions.

Written by The Alchemist 9

Data indicates a significant surge in USDT inflows to trading platforms with Binance recording an exceptional 946,000 deposit transactions in just seven days This increase is directly linked to current market conditions, as the cryptocurrency market is experiencing a sensitive phase characterized by fluctuating liquidity and heightened trading activity This environment is prompting traders especially large institutions to restructure their portfolios and shift liquidity toward more efficient platforms.

In this context, Binance becomes the most attractive destination due to its deep liquidity and ease of execution, particularly during periods of elevated trading volumes. The surge in deposits at this time is often interpreted as a sign that traders are preparing to enter new positions, reinforce existing ones, or act swiftly during periods of price volatility. This aligns with recent market behavior, where major cryptocurrencies such as Bitcoin and other large-cap tokens have experienced rapid rallies followed by sharp corrections, making leading platforms crucial in managing these market movements.

Meanwhile, platforms like OKX (with approximately 841,000 transactions) and Bybit (225,000 transactions) have also shown notable increases in deposits, yet they remain far behind Binance. This gap highlights Binance’s central role in attracting liquidity during market transitions. Increased deposits during rising price trends are often associated with traders seeking to capitalize on momentum, while during downturns they may signal preparation for selling or hedging.

Written by Arab Chain