Arp's Crypto Digest

General Digital Asset Market View:

Over the holiday week, Bitcoin’s price largely traded sideways to slightly lower, hovering around the $87,000–$89,000 area, with thin year-end liquidity and subdued trading activity. Spot Bitcoin ETFs continued to see net outflows, with U.S. products extending a multi-day withdrawal streak that amounted to hundreds of millions in redemptions over the week, particularly around Christmas Eve and Boxing Day, as investors trimmed exposure ahead of the break and tax-driven selling emerged. This ongoing ETF outflow pressure helped keep Bitcoin capped below key resistance and contributed to a cautious market tone, even as volume remained light and holiday dynamics dominated price action.

Macro:

In another holiday-shortened week, key releases will feature global December PMIs, Korean trade data for December and the FOMC’s December meeting minutes. The usual runs of weekly claims data and the ADP’s new high-frequency employment series will also be in focus Stateside.

More Crypto:

Robinhood looks expensive on multiples — #1 across EV/Revenue, EV/Gross Profit, and EV/Net Income versus peers.

Prediction markets stopped being “bets” and started acting like expectation-pricing infrastructure.

$NEXO on-chain activity quietly broke out in 2025.

What Happened This Week:

• Strategy boosted its USD reserves by $748M, bringing totals to $2.19B and ₿671,268

• ETHZilla sold $74.5M in ETH to reduce debt

• Trump’s media company bought 450 BTC worth $40m

• Tom Lee’s Bitmine bought 98,852 ETH ($302M) last week and now holds 4,066,062 ETH ($12.42B)

What to Look Out For:

• Russia’s central bank may allow retail investors to buy crypto

• US House drafts bill to exempt stablecoin transactions under $200 from capital gains tax

• Metaplanet’s board approved a plan to further purchase Bitcoin

What we enjoyed reading and listening to:

• Bankless — 12 Big Crypto Predictions for 2026 -Link

• Will a Bitcoin Bounce Save the Bull Run? I’m Watching This Key Level -Link

• The Research Paradox in Prediction Markets -Link

• Coinbase Institutional | 2026 Crypto Market Outlook -Link

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