Flame Talks

Data from the last six years shows that five large and medium-sized crypto assets generally gained value in December. However, the success of the “Christmas rally” is not intensified not every Christmas, but in certain bull and recovery years.
The analysis covers its December performance from 2019 to 2024.
1️⃣ Bitcoin: Big moves in bull cycles
Bitcoin experienced the strongest December in 2020, rising from about $19,700 to $29,000 to about 48%. In 2023, it rose about 12% with the return of ETF optimism, once again a solid increase in December.
On the other hand, Bitcoin lost about 5% in December 2019 and about 19% in 2021. It lost about 4% in 2022 and just over 3% in 2024.
Bitcoin's December rallies occur, mostly in periods of strong bull or recovery, not during periods of tightening or stress at the end of the cycle.
Around Christmas, the biggest moves usually happened after the holiday. In 2020 and 2023, the week after Christmas performed better than the previous week.
2️⃣ Ethereum: Tracks Bitcoin's cycle
Ethereum has drawn a range profile similar to Bitcoin with striking gains in 2020 and 2023. In December 2020, ETH rose about 21% from about $615 to $750.
In December 2023, Ethereum gained about 11%, following the overall market recovery. Both rises coincided with the improvement of macrosensibility and the strengthening of network activity.
However, Ethereum experienced a sharp decline in the bearish or years nearing the end of the cycle. While it experienced a decrease of about 15% in December 2019, 20% in 2021 and about 8% in 2024, it recorded a smaller decline of 8% in 2022.
In general, Ethereum shows an upward trend in December when liquidity is abundant and risk appetite is high. When macro conditions tighten, December performance quickly turns negative.
3️⃣ BNB: Explosive rallies in 2020 and 2023
BNB, formerly called Binance Coin, stands out as one of the names that show the most dramatic gains in December. BNB rose about 19% in December 2020 as Binance volumes increased late in the bull run.
Its biggest move took place in December 2023, jumping from $228 to $312, an increase of about 37%. This rise came after Binance's legal position became clearer and the spot volumes recovered.
However, BNB also experienced heavy declines in December. It lost about 13% in 2019, 18% in 2021 and once again 18% during the stock market-related FUD in 2022.
BNB's December record has a high beta value. When sensitivity turns positive, their rally outperforms Bitcoin, but their losses are deeper in times of stress.
4️⃣ Litecoin: Classic high beta
Litecoin acted like a leveraged asset on the market's December outlook. Its strongest period was December 2020, when it rose from $88 to $125, an increase of about 42%.
This move followed Bitcoin's exit and followed the larger payment support, including PayPal's entry into the crypto market. This reinforced Litecoin's role as “digital silver” in the bull market holidays.
Litecoin experienced difficulties in the following years. It lost about 13% in 2019, about 30% in 2021 and about 12% in 2022.
Despite this, it recorded moderate gains of about 5% in December 2023 and an estimated 7% in 2024. These small rallies show that Litecoin is still taking advantage of the risk-taking phases at the end of the year, especially around the halving stories.
Macro background is important
The data reveals that these five cryptocurrencies performed strongly in December, especially in 2020 and 2023. However, every crypto asset closed the month of December negatively in at least one year.
Rallies are concentrated in uptend macro environments and recovery stages. Meanwhile, the bear market in December is premising more defensive assets such as Monero and sometimes Litecoin.
In short, it is true that December has historically produced strong results, but whether the assets will complete Christmas in the green, the macro background and project-specific news specific to each year continue to determine.
My favorite is Sol!❤️ Dyor
$BTC
$ETH
$BNB
#BinanceBlockchainWeek
#Write2Earn #Binance
@Yi He

Although it is historically described as a strong month, the price of Bitcoin, which completes November in deficit, will be closely monitored in the last month of the year.
The leading crypto asset finished last month with a decline of over 17%, and question marks have emerged about whether the $80,000 level it saw in the past weeks is the real bottom.
How was November?
December hasn't usually been a very strong month for Bitcoin. The data shows that Bitcoin's long-term average return in the last month of the year was 8,42% and the median return was only 1.69%.
Moreover, Bitcoin, which moved contrary to the trend in November of this year, completed the last month with a decrease of over 17% instead of repeating its strong seasonal trend.
ETF flows also reflect this cautious attitude. November recorded a net outflow of $3.48 billion in US spot ETFs. Bitcoin ETFs last reported monthly entries in April and July.
ETF demand needs to be strengthened
Since then, the flows have been inconsistent, and November confirmed that the institutions maintain their defensive stance. MEXC Lead Analyst Shawn Young said a stronger and more consistent ETF demand is needed to start a meaningful recovery:
“The most prominent indicators of Bitcoin's next bullish rally will be the revival of risk perception, improvement of liquidity conditions and an increase in market depth. When Bitcoin spot ETFs start to see $200-300 million inflows over a few days, this may indicate that institutional investors are back into BTC and the next rise has begun.”
TeraHash co-founder Hunter Rogers said expectations for December are still low after the November decline, adding that Bitcoin could be a positive surprise if ETF outflows ease and volatility decreased.
What do the metrics on the chain show?
Two key signals stand out in Bitcoin's on-chain data: Whales are still sending coins to exchanges, and long-term holders remain in sell-off mode.
The Stock Market Whale Rate, which measures how much of the total entries comes from the 10 largest wallets, rose from 0.32 earlier this month to 0.68 on November 27.
Although it has declined to 0.53 this week, this rate remains in a region that historically reflects that whales are preparing to sell their assets instead of accumulating. When this rate remains high for a few weeks, hardy bottom levels rarely occur.
Hodler's Net Position Change, which monitors the long-term investor behavior, continues to remain in the red zone. These wallets have been reducing their positions for more than six months. The last strong BTC rally began after this metric turned green at the end of September.
Unless long-term holders stop putting coins back into circulation, it becomes difficult to support a sustainable rise.
Shawn believes that a real change will only begin when the activity of long-term sellers decreases:
“The rally can begin when the big sellers stop transferring coins to exchanges, the whale accumulation becomes positive again, and the market depth begins to increase on large platforms.”
Bear and bull scenarios
The Bitcoin price is currently at a point where even a small movement can determine the course of December. The overall trend is still backward, and the chart structure confirms what the ETF and on-chain data already point out.
The first important level to watch for December is $80,400. This level served as a recovery zone earlier this month but is still fragile.
In the bull scenario, BTC is seen as a level of 97,100 dollars. Hunter stated that recovering higher trend levels would make sense if the volume also increased in parallel with this, and said, “If Bitcoin stays above the breakout zone and the volume increases, the market may begin to see this region as a permanent base.”
For December, this breakout zone is between $93,900 and $97,100, and in this region, the chart, ETFs and on-chain conditions need to move from a defensive look to a supporting position.
Stay Healthy 🙏💜
DYOR!
#BTCRebound90kNext? #BTC86kJPShock
$BTC

Falcon Finance is a decentralized finance (DeFi) protocol focused on universal collateralization infrastructure, enabling users to deposit a wide range of liquid assets—including cryptocurrencies, stablecoins, tokenized real-world assets (RWAs) like treasuries and structured credit—to mint USDf, an overcollateralized, USD-pegged synthetic stablecoin. This unlocks on-chain liquidity and delta-neutral yield opportunities while bridging traditional finance (TradFi) with blockchain ecosystems. The protocol emphasizes transparency, security, and resilient performance across market conditions, with features like cross-collateralization and risk management to support scalable DeFi applications.
Key Features and Recent Developments
- Collateral Support: Accepts diverse assets such as blue-chip tokens, altcoins, tokenized treasuries (e.g., JTRSY), and RWAs. In late November 2025, it integrated Centrifuge's JAAA token—a tokenized, AAA-rated collateralized loan obligation (CLO) portfolio managed by Janus Henderson with over $1 billion in TVL—as eligible collateral for minting USDf. This marks a significant step in tokenizing high-quality structured credit for DeFi use, allowing holders to generate liquidity without selling positions.
- USDf Stablecoin: Users deposit assets to mint USDf, which can be used for lending, borrowing, or yield farming. The protocol aims to create interoperable on-chain financial systems by turning static assets into active collateral.
- Yield and Liquidity: Designed for delta-neutral strategies, offering stable returns regardless of market volatility. It supports institutions, protocols, and individuals in optimizing asset utility.
Token (FF) Overview
FF is the native governance and utility token of the Falcon Finance ecosystem, capturing protocol growth through staking, fees, and incentives. As of November 30, 2025:
- Price: $0.1282 USD (down 4.51% in the last 24 hours).
- 24-Hour Trading Volume: $33.56 million USD.
- Market Cap: $299.99 million USD (ranked #139 on CoinMarketCap).
- Circulating Supply: Approximately 2.34 billion FF
Background and Funding
Launched as a CeDeFi (Centralized-Decentralized Finance) stablecoin issuer backed by DWF Labs, Falcon Finance conducted an IDO in mid-2025, raising funds to expand its infrastructure. The project is positioned at the intersection of DeFi and RWAs, with a focus on institutional-grade assets to drive adoption.
#falconfinance $FF @Falcon Finance

Solana-based memecoin Bonk began trading on Switzerland's SIX Swiss Exchange after Bitcoin Capital listed a regulated exchange investment product (ETP) linked to the token.
This listing brings memecoin to one of the largest exchanges in Europe, allowing investors to invest in Bonk through standard brokerage accounts and eliminating the need to store wallets or tokens directly.
BONK was launched through a dog-themed memecoin on Solana and a community airdrop on Christmas Day 2022. He describes himself as “the first Solana dog coin created by the public for the public”.
According to CoinMarketCap data, although they returned some of their earnings after rising by 5% yesterday, it has been in close to 2% in the last 24 hours. However, it is still over 80% away from the all-time high in November 2024.
The launch of BONK ETP in Europe took place after Grayscale launched the Dogecoin ETF in the US on Monday. According to Bloomberg ETF analyst Eric Balchunas, the first-day trading volume of the fund was just around $1.4 million, well below the expectation of $12 million.

Complex performance from memecoins in 2025
Memecoins, whose value is determined by internet culture and community sensitivity rather than technical fundamentals, made up a large part of the crypto narrative in 2024, and many of these tokens have generated huge profits for some investors.
However, the memecoin narrative has clearly changed in 2025, and the momentum of many of the tokens that were on the rise a year ago has changed.
According to CoinGecko data, PEPE, a frog-themed token on Ethereum, lost about 83% from its peak in December 2024. FLOKI, another dog-themed token built on Ethereum and BNB Chain, experienced a similar decline, losing over 85% from its peak in June 2024.
Dogwifhat, another Solana-based memecoin, took an even harder hit, losing more than 92% in value since its all-time high in March 2024.
Politically themed memecoins are even worse. Official Trump, a token that uses the name of US President Donald Trump without any approved connection, fell about 100% from its peak level at its launch.
#Bonk #writetoearn #MemeWatch2024
$BONK