Grayscale Investments signals that bitcoin’s sharp pullback still aligns with 
bullish market behavior, spotlighting macro shifts and expanding institutional 
demand that could set the stage for potential new highs in 2026. Grayscale 
Cites Signs of a Crypto Bottom While Forecasting Next-Year Highs Digital asset 
manager Grayscale Investments’ research team published a report on Dec. 1 […]

Bitcoin May Have Already Bottomed as Grayscale Projects New Highs

Bitcoin may be sliding into a new bear phase unless fresh macro liquidity – 
particularly through spot ETFs – returns to the market, according to 
CryptoQuant CEO Ki Young Ju. Bitcoin Bear Market Incoming? Sharing a composite 
on-chain dashboard overlaid on the BTC price, Ju wrote on X: “Most Bitcoin on- 
chain indicators are bearish. Without macro liquidity, we enter a bear cycle.” 
The chart stacks ten CryptoQuant metrics behind the price in a red-to-green 
heatmap from 2021 to 2025, highlighting how regime shifts in prior cycles 
coincided with clusters of bearish readings. Related Reading: US Sen. Lummis 
Hints At US Bitcoin Buy With ‘Franklin’ Meme The indicators in the panel 
include the MVRV Z-score, CryptoQuant P&amp;L Index, the Bull-Bear Cycle 
Indicator, Inter-Exchange Flow Pulse, Network Activity Index, Stablecoin 
Liquidity, Bitcoin Demand Growth, Trader On-chain Profit Margin, Trader 
Realized Price and a Technical Signal metric. When the majority are bullish, 
the backdrop turns light green; when they flip bearish, it shifts to red. In 
the latest section of the chart, as BTC has pulled back from its highs, red 
once again dominates – the visual basis for Ju’s warning. For the next major 
move, Ju argues that on-chain data is now subordinate to macro conditions and 
ETF flows. Quoting his own post, he wrote: “It is simple. If you think macro 
gets better next year, you buy. Otherwise, you sell. I&#8217;m not a macro expert, 
so find macro bros. New ETF inflows are the key.” That line pinpoints what he 
believes can “save” Bitcoin from a deeper drawdown: renewed demand from spot 
ETFs as a conduit for institutional capital. In earlier stages of the cycle, 
rising ETF inflows coincided with strong price appreciation; more recently, 
slowing or negative flows have mirrored the loss of upward momentum. Ju frames 
the current environment as one that demands flexible scenario management 
rather than rigid forecasts. “At this stage, it is more about being reactive 
than predictive. Set your scenarios and trade accordingly,” he told followers. 
The composite chart is designed for exactly that purpose, showing how past 
bull tops and bear markets aligned with persistent stretches of red across 
profit, valuation and liquidity metrics. Related Reading: Bitcoin And The 2026 
Fed Shift: Expert Says Markets Aren’t Ready Despite the bearish tilt, Ju does 
not foresee a repeat of the 2022 collapse, when Bitcoin fell roughly 65% from 
peak to trough. He cites the behaviour of Michael Saylor led Strategy as a 
stabilizing factor. “If Strategy holds its 650K BTC this cycle (or sells only 
a little), we would not see another -65% drawdown like in 2022,” he wrote. In 
his view, that supply remaining largely off the market reduces the probability 
of a violent deleveraging event. Ju characterizes the current pullback as 
substantial but not extreme in historical context. “We are about -25% from ATH 
now, and even if a bear cycle comes, the downside would likely be smaller and 
look more like a broad sideways range,” he argued, suggesting that prolonged 
consolidation is more likely than a single dramatic crash. His message to 
long-term investors is explicitly calming. “Long-term holders should avoid 
panic selling,” he advised. While cyclical on-chain indicators flash red, he 
insists the structural backdrop has improved: “Bitcoin has more liquidity 
channels now, so the long-term outlook is obviously strong, imo.” Those 
channels include ETFs and a deeper institutional market structure than in 
prior cycles. At press time, Bitcoin traded at $92,494. Featured image created 
with DALL.E, chart from TradingView.com

Bitcoin Signals Bear Market: One Thing Could Flip It, Says CryptoQuant CEO

Ethereum has witnessed a recovery surge recently as on-chain data shows the 
shark-sized investors have been participating in strong buying. Ethereum 
Sharks Have Added 450,000 ETH Since Mid-November According to data from on- 
chain analytics firm Santiment, the supply of the Ethereum sharks has gone up 
recently. The indicator of relevance here is the &#8220;Supply Distribution,&#8221; 
measuring the total amount of tokens that a given wallet group as a whole is 
holding right now. Related Reading: Next Key XRP Level Could Be $1.2 If 
Current Support Fails, Says Analyst In the context of the current topic, the 
cohort of focus is the one corresponding to a coin range of 1,000 to 10,000 
ETH. At the current exchange rate, the lower bound of the range roughly 
converts to $3.2 million and the upper one to $32 million. Investors of this 
large size are popularly known as the sharks. While not as massive as the 
whales (addresses with more than 10,000 ETH), the sharks are still considered 
influential entities. This can make their behavior often worth keeping an eye 
on. As the chart below, shared by Santiment, suggests, the latest Ethereum 
shark behavior has been one of accumulation. During the November price 
decline, the Supply Distribution had been going down for the Ethereum sharks, 
but around the time of the market bottom, its trend began to reverse. Between 
November 18th and December 2nd, the sharks added a total of 450,000 ETH (worth 
about $1.4 billion) to their wallets, a massive amount. Alongside this sharp 
uptick in the metric, ETH went through its price recovery. The 
cryptocurrency&#8217;s sharp retrace to start December didn&#8217;t dissuade these large 
hands, either, as their supply only continued to rise. This may be one of the 
factors behind the quick resumption of bullish momentum that the asset has 
seen. Another bullish factor has been the trend in the Network Growth, another 
on-chain indicator displayed in the chart. This metric measures the daily 
number of addresses that are coming online on the Ethereum network for the 
first time. A wallet is considered &#8220;online&#8221; when it participates in 
transaction activity on the blockchain, so the Network Growth essentially 
tracks the addresses making their very first transfer. From the graph, it&#8217;s 
visible that this Ethereum metric has also surged recently, hitting a peak 
value of 190,000 addresses. Generally, a surge in network activity is usually 
a positive sign for any rally&#8217;s sustainability, as it implies that the network 
is able to attract fresh attention. Related Reading: Bitcoin Blasts To 
$92,000, Liquidating $182 Million In Shorts That said, too much attention too 
fast can actually end up having a negative effect on the cryptocurrency. It 
now remains to be seen whether the sharks will continue to buy in the near 
future and if investor FOMO will remain at healthy levels. ETH Price At the 
time of writing, Ethereum is floating around $3,185, up more than 5% over the 
last seven days. Featured image from Dall-E, Santiment.net, chart from 
TradingView.com

Ethereum Back At $3,200 As Sharks Show Strong Accumulation

Increased Bitcoin investments by lawmakers may signal growing institutional 
acceptance and influence future regulatory and market dynamics.
The post Rep. Marjorie Taylor Greene increases Bitcoin exposure during market 
dip appeared first on Crypto Briefing.

Rep. Marjorie Taylor Greene increases Bitcoin exposure during market dip

Ripple’s expanded push into unified digital asset infrastructure signals a bid 
to anchor real-time global finance by fusing treasury intelligence, custody, 
liquidity and settlement into a single enterprise platform. Ripple Broadens 
Its Institutional Finance Ambitions Growing institutional demand for real-time 
financial infrastructure is reshaping how companies design digital asset 
systems. Ripple published on Dec. 4, […]

Cryptocurrency price in PKR