Underwater Supply Caps Bitcoin as Spot Sellers Fade Derivatives-Led Rallies

BTC’s bounce to $90.2k vanished as spot selling met leveraged bids. Glassnode flags supply from $93k-$120k; key lines: $95k and $101.5k, with support near the $81.5k “true mean.”

Long-term Bitcoin distribution likely nearing exhaustion as two-year supply set to rebuild into 2026

On-chain trends point to long-term holder selling cooling in 2026, with the two-year Bitcoin supply base poised to recover as net buy-side demand reasserts itself.

Hut 8 pops 25% on AI pivot: $7B, 15-year River Bend lease with Fluidstack, Anthropic tie-up, and a Google backstop

Hut 8 jumps 25% after inking a $7B, 15-year AI data center lease at River Bend, Louisiana, with Fluidstack, an Anthropic partnership, and a Google financial backstop de-risking the move.

Senators float crypto fraud crackdown as K33 sees bitcoin sell pressure cool; BitMine boosts ETH stack by $140M

Regulatory heat, softer BTC selling, and a $140M ETH accumulation define today’s crypto tape. Here’s what matters and how it may shape near‑term market structure.

Banks Edge Into Stablecoins: Visa Expands Pilot, FDIC Outlines Path; Bitcoin Holds Near $87K

Visa widens its stablecoin pilot to U.S. banks and Solana as the FDIC sketches bank-issued stablecoins. BTC hovers near $87K while policy, DeFi, and tokenization headlines stack up.

Bitcoin’s $90K Breakout Reverses to $85K as ‘Santa Rally’ Bets Collapse

Bitcoin spiked to $90K before sliding to $85K, with $155M in liquidations, ETF outflows, and BOJ rate fears pressuring sentiment as prediction market odds for $100K fall to 57%.

BOJ’s Rate Pivot Threatens Yen Carry Trade, Puts Bitcoin Liquidity on Edge

Bitcoin sits ~30% below its October peak as traders eye a Bank of Japan hike to a 30-year high. An unwind of the yen carry trade could squeeze crypto liquidity and stoke volatility.

Hut 8 Stock Jumps on $7B Google-Backed AI Compute Deal, Anchoring 245MW Build in Louisiana

Hut 8 surges 15% after a $7B, 15-year AI compute pact with Fluidstack backed by Google. The 245MW River Bend project includes renewals to $17.7B and Wall Street financing.

Bitcoin Braces for Dec. 26 Options ‘Max Pain’ at $100K as Triple Witching Tests Risk Appetite

Triple witching may jolt equities, but Bitcoin’s path likely hinges on Deribit’s $13.3B Dec. 26 options expiry, with max pain near $100K–$102K amid thin year-end liquidity.

Bhutan Allocates 10,000 BTC to Gelephu Mindfulness City, Turning Reserves into Productive Collateral

Bhutan will allocate up to 10,000 BTC (~$1B) to Gelephu Mindfulness City, targeting collateralized yield and long-term holding as it expands mining, digital ID, and token initiatives.