Analyst TXMC pointed out that technical indicator activity is on the rise, which usually signals bull market activity and may indicate that the market cycle is not over. Despite the price decline, spot Bitcoin demand remains strong and has not yet been reflected in the price. This indicator reflects the contrast between trading and holding behavior, with activity levels typically rising during bull markets.

On December 7, CEX published an update on the proof of reserves for December 2025. The BTC reserve ratio reached 102.11%, the USDT reserve ratio reached 109.16%, the ETH reserve ratio reached 100%, and the BNB reserve ratio reached 112.32%.

On December 7, the balance of Ethereum on centralized exchanges dropped to a historic low, accounting for only 8.7% of the circulating supply. The amount of ETH on exchanges has plummeted by 43% since July, while institutional accumulation has accelerated, creating a supply shortage. Analysts point out that this could drive prices up when market sentiment shifts.

The CEX official responded to the suspected employee-issued meme coin incident, stating that an internal review has been conducted and that they maintain zero tolerance toward any corrupt behavior. Once the investigation results are confirmed, the community will be informed in a timely manner. The community is still speculating about the truth of the incident.

12 月 7 日，据 HyperInsight 监测，「麻吉」黄立成地址内持有的以太坊多单再次陷入浮亏，现浮亏 16.4 万美元；此前曾一度浮盈超 160 万美元，随后「麻吉」不断逆市滚仓做多：目前仓位为 25 倍做多 7,925 枚 ETH，开仓价格 3,057.48 美元，爆仓价 2,990.67 美元。

12 月 7 日，据 lookonchain 监测，巨鲸 pension-usdt.eth 再次以 2 倍杠杆做多 ETH，买入 20,000 枚 ETH（约 6093 万美元），进场价格 3,040.92 美元，强平价格：1,190.66 美元。

Star responded to the incident of Li Feng failing to return 1,500 BTC, stating that the debt issue should be handled through legal means and calling for attention to positive energy. Previously, Li Feng sparked controversy due to breaching a renewal agreement.

On December 7, CME Group experienced a trading interruption of over 10 hours due to a data center outage caused by human error at operator CyrusOne. Failure to properly drain the cooling towers according to standards resulted in equipment malfunction. This incident highlighted the risk of relying on a single data center, and CME has acknowledged the impact of the event on its clients.

On December 7, Coinglass data showed that if Ethereum breaks through $3,100, the liquidation intensity of short positions on major CEXs will reach $565 million; if it falls below $3,000, the cumulative liquidation intensity of long positions will be $471 million. The liquidation chart illustrates the impact level when the price reaches a certain point.

Moore Threads surged nearly 470% on its first day of listing on December 5, with its market value surpassing 300 billion, attracting heated discussion in the market. Investors such as Tencent and ByteDance saw significant gains, but founder Li Feng's controversies in the crypto community drew attention. He was previously involved in the sensational project "Malege Coin" and was accused of disappearing after borrowing 1,500 BTC, with creditors unable to recover their funds.

12 月 7 日，据官方公告，CEX 宣布将于 2025 年 12 月 7 日下午 16:00 (UTC+8) 下架 PIGGYUSDT 永续合约。

The worsening housing affordability in the United States has changed the financial and consumption habits of Generation Z, leading some young people to turn to cryptocurrencies and develop a sense of economic nihilism. Many believe that buying a home is no longer realistic, so they choose to save less and increase speculation; meanwhile, those who still believe they can buy a home are actively saving and planning. The article calls for improving housing supply and enhancing financial literacy to help young people achieve their dream of homeownership.

BitMine continuously purchased Ethereum during the market downturn, with a total amount reaching $199 million, holding ETH that accounts for 3.08% of the total supply. Meanwhile, traders are generally bearish on ETH, with an increase in short positions. Inflows into Ethereum spot ETFs remain weak.

Michael Saylor stated that Strategy increased its Bitcoin holdings by over 200,000 this year, bringing the total to 650,000, with a total value of approximately $48.38 billion and an average price of $74,436.

On December 7, the Meme coin DOYR from the BNB Chain ecosystem surged over 45%, with a market capitalization reaching $15.38 million. CEX Co-CEO He Yi reminded users to be aware of investment risks, while CZ stated that posting a tweet does not imply endorsement. Meme coins are highly volatile, so invest with caution.