GM~Crypto Market Daily | December 12, 2025 (Friday)
📌 Key Points Today
• Market sentiment remains in the Fear zone, but the total market cap increased by +2.29% to $3.24T, indicating a test of buying interest.
• Dual benefits from regulation and technology: SEC approves DTCC to provide security tokenization services; YouTube supports U.S. creators to receive payments in stablecoins.
• Frequent institutional moves: BlackRock withdraws over $200 million in BTC and ETH from Coinbase; Grayscale transfers 6,400 ETH to Coinbase.
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🔥 Trending
1. $AAVE - The Whales' Recursive Lending Game
• What happened: A whale borrowed 1,000,000 USDC again to buy 5,211 AAVE, with a total holding value of $69.08 million and liabilities of $30.8 million.
• Discussion focus: Is this aggressive leverage for a bullish position or an arbitrage strategy utilizing protocol rules?
• Potential opportunity: The whale's continued accumulation may indicate long-term optimism for the AAVE protocol or governance.
• Uncertainty: High leverage can easily trigger liquidation under market volatility, becoming a systemic risk point.
2. $BTC - Institutional Withdrawals and Whale Sell-offs Parallel
• What happened: While BlackRock made significant withdrawals, data shows that Bitcoin whale groups have sold or transferred 36,500 BTC this month.
• Discussion focus: Institutional accumulation and whale distribution are forming a hedge, intensifying market direction speculation.
• Potential opportunity: Traditional financial giants continuously moving assets off exchanges may signal long-term holding.
• Uncertainty: Continued whale sell-offs could impose heavy selling pressure on BTC prices.
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🐋 Whale Movements
• Data: Another "circular bullish whale" sold 150 BTC within 3 hours to repay Aave loans → Implication: Some high-leverage players are choosing to deleverage to lock in profits or avoid risks amid market uncertainty, leading to a cautious short-term sentiment.
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💡 Analyst Observations
The market is gently rebounding amid fear, with the narrative focus shifting from macro to specific applications and regulatory breakthroughs. The entry of DTCC is a milestone for traditional finance embracing tokenization, while YouTube's initiative makes stablecoin payments more accessible. However, the extreme long and short actions of whales on $AAVE and $BTC reveal significant strategic divergences among professional players, and retail investors should be wary of becoming the fuel for high-leverage games.
