Ethereum exchange supply drops to lowest level since 2016

[New Wallet Buys 113,000 HYPE, Will Continue Accumulating Approximately $2 Million HYPE] On December 18, a newly created wallet address minted $12.1 million USDC on Arbitrum, then deposited $5.1 million into Hyperliquid and purchased 113,000 HYPE (approximately $3 million) and 0.5 BTC (approximately $43,000). The wallet is using a TWAP strategy to continue buying approximately $2 million HYPE over the next 50 minutes, with around $7 million USDC still remaining on the Arbitrum network.

[A Certain Whale Partially Liquidated, Associated Address Holds Nearly $300 Million in Long Positions] Monitoring data shows that a certain whale address was recently partially liquidated. The liquidated assets include 431,000 HYPE (approximately $11.1 million) and 1,960 ETH (approximately $5.6 million). Currently, the wallet still holds 1.726 million HYPE (approximately $44.6 million) and 7,841 ETH (approximately $22.3 million). This whale also holds approximately $230 million in nominal value of XRP and ETH long positions in another account.

[DHF Capital CEO: Gold Prices May Test New Highs if Inflation Eases] DHF Capital CEO Bas Kooijman stated that despite mixed U.S. employment data, the market still expects the Federal Reserve to cut interest rates twice in the first half of 2026. Investors are focusing on the November CPI data to be released on Thursday, as signs of easing inflation may lower yields and weaken the U.S. dollar, potentially driving gold prices to test new highs. Additionally, U.S. President Trump announced the blockade of sanctioned Venezuelan oil tankers, with heightened geopolitical tensions fueling safe-haven demand.

On December 17, the three major U.S. stock indexes all turned lower. The Dow fell 0.12%, the S&P 500 index fell 0.67%, and the Nasdaq fell over 1%.

Binance BNB/USDT is currently trading at $849.03, with a 5-minute drop of 0.59%. Please pay attention to market fluctuations.