2025-12-24 12:28:48

This Christmas Eve, the crypto market experienced a typical holiday liquidity vacuum. BTC fluctuated repeatedly between $86,800 and $87,000, with trading volume significantly shrinking, representing a considerable retracement from the October high of $126,000. Meanwhile, traditional safe-haven asset gold broke through the historic high of $4,500 per ounce today, instantly sparking community discussions—Is the narrative of "digital gold" losing its effectiveness? Are funds really shifting into traditional gold?

Market risk events did not take a break either. The prediction market platform Polymarket revealed today a security vulnerability due to an attack on user accounts, with the official confirming it stemmed from a third-party integrated code flaw. Considering the recent high interest in prediction markets driven by certain political events, this security incident directly hit users' nerves, and fund security once again became a hot topic of discussion.

On the exchange side, HTX released its 2025 asset reserve proof annual report, claiming to maintain 100% asset redemption capability. More notably, the platform's USDT deposits increased by over 150% year-on-year, immediately sparking various speculations and associations within the community about large holders' accumulation actions. During the holiday period, the market appears calm on the surface, but undercurrents are actually surging.

BTC-0.63%

HTX-0.07%

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PaperHandSister

· 6h ago

Gold hits a new high again, while BTC is still fluctuating. Is this wave really the digital gold falling out of favor? It seems like money is flowing into real assets.

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IronHeadMiner

· 6h ago

The holiday vacuum period seems to have caused a significant drop, I didn't expect gold to break 4500. Is this wave going to smash the story of "digital gold"... HTX's 150% growth is quite interesting. Major players are accumulating stablecoins. Are we about to see another wave? Polymarket was hacked, and it was supposed to be decentralized? In critical moments, it's still so unreliable. Over 40,000 yuan per coin, it looks a bit exhausting, brother. The traditional story of gold resisting inflation might be a stronger narrative. We're too easily swayed by emotions here. Is the Christmas season also so mystical? Could there still be a show at the end of the year?

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DuckFluff

· 6h ago

Gold breaking 4500, so what? I still believe in Bitcoin's long-term value. BTC has been volatile for so long; just wait for the rebound after the holiday. Polymarket security vulnerabilities are getting pretty outrageous. Are they trying to cut the leeks again? That 150% growth at HTX, big players are quietly accumulating... they know what's going on. I'm really worried that funds are flowing from the crypto world into traditional finance. The holiday liquidity vacuum is a trap; be careful not to get cut. The narrative of digital gold isn't that easy to fail, don't overthink it. Those still stacking coins at this time are truly believers. Security vulnerabilities are causing panic; exchanges should make rectifications. What story is behind the sudden surge of USDT?

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MetaverseHermit

· 6h ago

Gold breaks 4500 and hits a new all-time high, while BTC is still fluctuating. This rhythm doesn't seem right. I've heard the excuse of a liquidity vacuum period too many times; it feels like everyone is just waiting and watching. After the attack on Polymarket, does anyone still dare to play? My friend's USDT has all been transferred out. HSX's 150% increase is quite aggressive... Are big players quietly accumulating? During Christmas, it's better not to trade at all. Let's wait until after the New Year.

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SelfRugger

· 6h ago

Holiday liquidity vacuum period pulled BTC down, but the new high in gold really hits hard. Polymarket is in trouble again, third-party code vulnerabilities—heard that excuse too many times... HTX's USDT increased by 150%? Big players are probably bottom-fishing, the term "underlying currents" is used perfectly. BTC dropped from 126k to 87k, this retracement is quite fierce... How long can the narrative of digital gold hold up? Security issues are always the biggest challenge; market predictions becoming too popular have actually made them targets. The holiday seems peaceful, but in fact, everyone is preparing for the volatility of the new year.

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ZenChainWalker

· 6h ago

Gold hits a new high while BTC is still lying low; now the story of "digital gold" can't be told anymore. Polymarket has another vulnerability; security issues in this circle really need to be taken seriously. HTX USDT deposits increase by 150%; is someone slowly accumulating or what? Holiday liquidity vacuum, big players should be laying out in the shadows now, right?

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