Market Thoughts 12/16/2025
Bitcoin - 87k ETH - 2.9k Saylor bought $1b of Bitcoin this week, and Tom Lee bought $320m of $ETH. But despite this, there was over $300m in ETF outflows today alone and roughly $2b sold by market makers like Binance, Coinbase, etc. (EXACT FIGURES Binance sold ~4,173 BTC, Coinbase ~2,370 BTC, Wintermute ~1,526 BTC, BitMEX ~7,516 BTC, and other whales ~10,516 BTC) The majors want to go up. I don’t think we topped, but the unregulated market makers are holding everything down. I think / hope this eventually turns into a springboard for an up only 2026. I just can’t predict when. Side note: Someone got liquidated on a $PIXL loan wiping out nearly 6% of the supply, which crushed the price today. It’s already recovering quickly, but if you’re speculating into the game launch, it could be a good play. NFA ofc.