2025-12-09 15:27:13

Woke up this morning and glanced at the market—it's dropping even harder than before I went to bed last night. Bitcoin is leading the plunge again.

I really can't make sense of Bitcoin's moves this round. Yesterday it was hovering around 93,000, and today it broke 90,000 and fell to about 89,000. I heard someone dumped a huge amount at market price? This script is getting a bit ridiculous.

Ethereum is holding up, still staying above 3,000. A lot of people are talking about how BTC and ETH's price action is starting to diverge, and it really does feel like they're becoming less and less in sync. There have been quite a few new “get rich quick” stories on the SOL chain lately—let's see if this last month can bring back some of last year's hype.

Pendle just released its 2025 annual report, and the numbers are actually impressive—average TVL reached $5.8 billion, with total trading volume of $47.8 billion. Ironically, though, the token price is close to hitting its yearly low again. The market really is wild.

On the macro front, Hassett keeps emphasizing the case for rate cuts and supports the regional Fed president’s new three-year residency proposal. The US September core PCE data missed expectations, basically giving the Fed a green light for further rate cuts. Bank of America expects the market will soon price in a January rate cut.

Lots of industry news too: multiple EU countries joined forces to take down a crypto scam network involving $815 million; Bitcoin treasury company Strive called out MSCI to “let the market decide” whether it should be kicked out of the index; National Bank of Canada directly bought about $273 million in Strategy stock.

Doodles teased that next week they'll launch 25,000 Doopie Cubes on Solana. But honestly, what’s the point of all these moves for a project that's half-dead?

On the regulatory front: US prosecutors recommended a 12-year sentence for Do Kwon; Polish lawmakers failed to overturn the veto on the crypto bill; Paraguay’s House of Representatives requested official information on domestic mining operations.

Interestingly, CoinShares reports that the DAT bubble has basically burst, but if the macro environment improves, it might hang on a bit longer. Here’s a fun fact: Cloudflare’s outage today wasn’t due to an attack—it was their own bug. A security firm found that the LummaC2 virus had infected North Korean hacker devices linked to a certain exchange theft case—this story keeps getting more twisted.

Web3 job hunting is heating up again, but there are still more openings than applicants—is everyone going to work instead of trading now?

More and more things are getting hard to understand—maybe it’s best to just give them a try. Maybe we’re just overthinking it. Christmas is right around the corner—let’s just hope we don’t get a Christmas tree market and call it a win.

BTC3,16%

ETH3,13%

SOL2,29%

PENDLE3,48%

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MidnightGenesis

· 2025-12-12 15:13

On-chain data shows that the timestamp of this sell-off is interesting. Notably, large transfers all occurred around UTC 8 o'clock. As expected, Monitoring indicates that Pendle's TVL data looks impressive, but from contract activity, major holders are continuously fleeing, which is quite ironic. From the code, this Cloudflare bug is not simple. My observation is that there is always a story behind such infrastructure failures. I've seen Christmas tree markets before. Based on past experience, December's trend often hints at January's opportunities. DeFi segmentation? On-chain data has been indicating this for a while, but most people haven't understood it yet.

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CommunityLurker

· 2025-12-12 14:20

Bitcoin's recent drop was uninteresting, feels like someone is dumping the market --- ETH is still holding up, it looks like divergence is about to become a reality --- Pendle's data is so impressive yet it fell back to the lows, this is the magic of the crypto world --- Do Kwon sentenced to 12 years? This guy is really unlucky --- What are Doodles still messing around with? The project is almost nobody left --- With such strong macro interest rate cut expectations, why are coins still falling --- Canada's bank is buying Strategy stocks, major institutions are still positioning themselves --- The DAT bubble burst is quite interesting, it shows that anything can be speculated on --- Web3 hiring is picking up but there are no positions? Isn't this just a lack of funds --- The Christmas tree market is here, really can't survive, hope it doesn't happen --- Over 800 million scam network dismantled, black industry still has to keep taking hits --- If the market doesn't understand, just try boldly, anyway you won't lose much

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OnchainArchaeologist

· 2025-12-11 16:36

Bitcoin this wave directly broke through 90k, waking up to a blow, feels great Once again, a scenario where a beautiful token like Pendle slumps, really incredible, the market reaction is just so outrageous Do Kwon gets 12 years, the DAT bubble bursts, it feels like everything is collapsing, the Christmas market truly is a curse Ethereum is still holding firm at 3000, if Bitcoin sells off like this, can it finally stay above 70k? Is on-chain wealth creation on SOL feasible, or is it just another new way to cut leeks? Doodles is still messing around with this project, what are they really trying to achieve? The macro rate cut benefits have been cut off, the market still depends on the Fed’s stance

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LiquidationWatcher

· 2025-12-11 10:31

Bitcoin's recent moves, luckily ETH still holds at 3000, otherwise the whole market would collapse. Can SOL's performance turn around this month? It feels like the last lifeline. Pendle data looks impressive, but the token has hit the floor. This market is truly surreal. Does the rate cut expectation really work, or are we all becoming numb? Do Kwon sentenced to 12 years, this time it's serious. Can't understand it? Go all-in? I'll choose to watch for now. There are really more working people than crypto traders; why is no one discussing the market in the group?

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QuorumVoter

· 2025-12-09 15:57

BTC’s move is really wild—93,000 to 89,000 just vanished in a flash. I really didn’t expect that. Still have to rely on ETH to hold things down, at least 3,000 is still holding. Pendle’s data is nothing to brag about, the price is almost crashing back to the yearly low. That’s the irony of the crypto space. Do Kwon getting 12 years—honestly, that’s a bit harsh. If we get another Christmas tree pattern in the last month, I’m just going to go silent. Web3 is all just wage earners, huh? Looks like the hype really is gone. Institutions are still dumping money in, but us small retail investors really can’t see through it. What’s the point of showing Pendle’s data? Price is what really matters, man.

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CrossChainMessenger

· 2025-12-09 15:57

Dropped again, is BTC trying to smash through 90,000? ETH is still holding up, but this divergence is kind of interesting. What’s so great about Pendle’s data? The price keeps tanking anyway, it’s pretty surreal. Do Kwon is finally going in, this guy is finally paying the price. It’s year-end, let’s just hang in there—don’t let a Christmas tree pattern show up.

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AirdropATM

· 2025-12-09 15:45

Damn, another plunge. I was almost scared to death this morning. Who dumped the market this time? Pendle data is hyped to the moon, but the price keeps dropping. Hilarious, totally disproportionate. ETH is stubbornly holding the $3,000 level—gotta admit, it's still got something. Do Kwon sentenced to 12 years? Well, that's how crypto is.

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LiquidityNinja

· 2025-12-09 15:32

This Bitcoin plunge is truly absurd, feels like someone is forcefully dumping it behind the scenes. Pendle's data looks so impressive, yet the token is dropping—this is the magic of the crypto world. Do Kwon is facing 12 years in prison. Gotta say, this guy has really been restless these past years. Is the Web3 job market heating up again? That’s all relative, still a talent shortage. With all this groundwork for rate cut expectations, surely the Fed won’t turn dovish now? Ethereum is holding up better than Bitcoin, clearly someone is supporting the price. Cloudflare having its own bug is even more ridiculous than being hacked, hilarious. Doodles is still tinkering with their project, I honestly have no idea what they're doing. "Christmas tree market" is the perfect phrase, cracked me up. If next year could really recreate last year’s SOL hype, that would be great.

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LiquidationTherapist

· 2025-12-09 15:27

Dropped again, BTC really can't hold its temper. ETH is still holding up, but seeing BTC crash like this just doesn't feel reassuring. Pendle's data looks good? That's nonsense—price is what matters, and the market is just that realistic right now. On the macro side, there's still talk of rate cuts, but somehow it doesn't match up with the spot market at all. Do Kwon is getting 12 years in jail, which honestly should've happened a long time ago. Let's wait for the year-end rally—just hope it doesn't turn into a Christmas tree.

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