Recent on-chain and derivatives metrics indicated that Bitcoin's sell pressure has reached a three-year high, while spot ETF flows have remained negative. Analysts highlighted liquidation clusters around $83.5k and between $90k and $94.7k, with expectations of a possible BTC move down toward $82k followed by a bounce toward $95k linked to a large options expiry.

Bitcoin has traded in a tight $85k–$92k band throughout December, with a record $23.7 billion options expiry scheduled for Friday, 26 December. Analysts expect 5%–7% year-end price swings, with scenarios that include a dip toward $82k–$84k before a potential move toward the $95k max pain level.

ZCash has defended the $400 area and gained 8.4% over 24 hours, with a move above $476 seen as a signal that the uptrend could extend toward $600 and $750. Despite this, momentum indicators have softened and buying pressure remains uneven. On lower timeframes, $450 is capping price, while $416–$434 is viewed as demand and a drop below $404 would invalidate the setup.

On November 14, Galaxy Trading's Beimnet Abebe said BTC defending the 50‑week MA could slip to the 100‑ or 200‑week MA; recently, the 100‑week MA held near $85.5k, aligned with the $84k–$85k demand zone. He would buy below $80k, while CNBC's Anthony Pompliano noted volatility has likely halved and ETF flows were mostly negative after the 10/10 crash.

Avantis' AVNT rose 24.31% over the past 24 hours and 34.18% in a week, with Open Interest up 74% and the funding rate deeply negative. Price broke a key lower high at $0.334 and liquidity sits near $0.384–$0.40, while volume and CMF show strong inflows. Traders are watching $0.333–$0.3 support and targets at $0.38–$0.48.

Pudgy Penguins’ PENGU token has fallen from $0.032 in August to about $0.0086, a 73.5% drawdown, while NFT sales volume for the collection slid 31.4% over the past month. Despite exchange outflows suggesting accumulation, recent breaks below $0.009 and $0.00855 point to further downside toward the $0.0054 and $0.0039 support zones identified on the long-term chart.

According to the analysis, CRV slid below $0.37, touched $0.331, then rebounded to $0.385 for a 16% move in a little over four days. The bounce met resistance near $0.372–$0.38, and scenarios outlined include a less likely push toward $0.4 or a renewed decline that could see price slip back below $0.33.

According to on-chain data, Bitcoin has entered its most intense selling phase in three years, even as the holder retention rate has been rising. Analysts noted that this wave of market sell orders usually precedes a bottom and a consolidation period, but current buy/sell index readings still signal a risky environment for buyers. Recent metrics suggest that any price rebound could serve more as an opportunity to exit long positions than the start of a sustained recovery.

Uniswap’s UNI surged past $6 after a governance proposal focused on protocol fees and token burns reached quorum ahead of the 25 December voting deadline. UNI climbed from $5.30 when voting opened at 3:50 UTC on 20 December to $6.16, with traders watching the $5.60-$5.86 liquidity band as a potential pullback zone.