Week of December 2 - 8, 2025

Spot Bitcoin ETF and Spot Ethereum ETF recorded net inflows for the first time since the end of October. Bitcoin ETFs saw a net inflow of USD 70.1 million, while Ethereum ETFs recorded total net inflows of approximately USD 312.6 million.

China’s central bank sent a clear signal that cryptocurrencies remain illegal in mainland China. It stated that virtual currency-type digital assets have no legal tender status, cannot be used to settle debts under the law, and cannot be used as payment for goods or services. The announcement also reinforced the crackdown on illegal activities and crimes related to crypto.

The state of Texas is moving forward with investing in Bitcoin as a state asset. It purchased USD 5 million worth of the IBIT fund and allocated an additional USD 5 million for self-custody Bitcoin purchases. In June, the governor approved legislation to establish a Strategic Bitcoin Reserve for the state.

The government of the Kingdom of Bhutan has staked 320 ETH through the staking provider Figment, valued at approximately USD 970,000. Previously, in October, Bhutan announced it would migrate its Self-Sovereign Digital ID system from the Polygon network to Ethereum.

Kevin Hassett, director of the White House National Economic Council, is a leading contender for the next chair of the U.S. Federal Reserve. Hassett played a key role in drafting the government’s new digital asset regulatory framework last year and reportedly holds at least USD 1 million worth of Coinbase shares.

Phong Le, CEO of Strategy, revealed that the company would consider selling Bitcoin only if the mNAV of its shares falls below 1x and the company cannot raise additional capital. Selling Bitcoin would be done to preserve Bitcoin returns per share, but he emphasized that it would be a last-resort option.

Technical Analysis

Bitcoin (BTC)

Bitcoin (BTC) tested resistance at USD 90,000 but was unable to break through. In the current pullback, if BTC falls below the previous low of USD 80,000, cutting losses is recommended as the downtrend may continue. However, if it holds above that level, this could be seen as a short-term trading opportunity until it breaks through USD 90,000 to confirm a full bullish reversal.

• Support: 2,600,000 THB / 80,000 USD
• Resistance: 3,000,000 THB / 90,000 USD

Ethereum (ETH)

Ethereum (ETH) has not yet reversed to an uptrend after failing to break resistance at USD 3,050 and experiencing a pullback. Keep an eye on support at the previous low of USD 2,600. If it fails to hold, the downtrend may continue. However, if it holds above this level, it could serve as a potential entry point for buyers.

• Support: 84,000 THB / 2,600 USD
• Resistance: 104,000 THB / 3,050 USD

Velo (VELO)

Velo (VELO) gained 28.76% over the past week. However, it has not yet broken resistance at USD 0.0076, so the uptrend has not been confirmed. Watch support at the previous low of USD 0.0046—if it breaks, this should be used as a stop-loss point. The target for a bullish reversal remains a break above the USD 0.0076 resistance level.

• Support: 0.15 THB / 0.0046 USD
• Resistance: 0.24 THB / 0.0076 USD

Sky (SKY)

Sky (SKY) gained 28.62% over the past week, rebounding strongly after hitting a low of USD 0.045. Consider buying if the price holds above this level. If it maintains support, the target for taking profits is the previous high at USD 0.056.

• Support: 1.50 THB / 0.045 USD
• Resistance: 1.90 THB / 0.056 USD

Investment Trends

The cryptocurrency market rebounded after investors priced in an 80% probability that the U.S. Federal Open Market Committee (FOMC) will cut interest rates by 0.25% at next week’s meeting, up from 40% earlier in the week, which had been weighed down by negative news from the DeFi project Yearn being hacked.

Additionally, comments from Phong Le, CEO of Strategy, stating that the company might sell Bitcoin (BTC) if necessary to unlock additional investments, caused Bitcoin prices to pull back. Market sentiment improved after Michael Saylor announced the establishment of a reserve to fund dividends for Strategy shareholders.

This week, there are no major economic data releases until next week’s final FOMC meeting of the year. Positive signs are emerging, including net inflows into Bitcoin and Ethereum ETFs turning positive for the first time in several weeks.

Overall, the market has not yet clearly reversed, but prices of large-cap coins have pulled back to levels attractive for long-term investment. Investors may consider gradually entering the market with no more than 15% of their portfolio.

Investment strategy: The market remains volatile, even after significant price declines. Gradual investment with smaller amounts is recommended. Beyond BTC and ETH, investors may also consider coins with solid fundamentals, such as Solana (SOL) and BNB.

References

• https://www.theblock.co/post/380806/spot-bitcoin-ether-etfs-recover-momentum-with-first-net-positive-inflow-week-since-october 
• https://www.theblock.co/post/380811/chinas-central-bank-reaffirms-crypto-ban-flags-stablecoin-risks-following-multi-agency-meeting 
• https://cointelegraph.com/news/texas-snaps-5m-blackrock-bitcoin-etf-amid-btc-dip 
• https://cointelegraph.com/news/bhutan-stakes-eth-figment-validator 
• https://www.theblock.co/post/380460/kevin-hassett-has-crypto-ties-rises-to-front-fed-chair-search-bloomberg
• https://cointelegraph.com/news/strategy-sell-bitcoin-last-resort-mnav-capital

Disclaimers

• Cryptocurrencies and digital tokens are highly risky; investors may lose all investment money. It is important to study information carefully and invest based on your own risk profile.
• Past returns or performance of digital assets do not guarantee future returns or performance. 

Remark: The views, information, knowledge, and opinions expressed herein are those of the individuals involved and do not represent the views of Bitazza or its employees. Neither this email nor the content presented constitutes investment advice.