Funding rates across major centralized and decentralized exchanges returned to neutral on Dec. 17 after nearly two days of rebound, with Binance's BTC perpetual contract shifting from negative to neutral, Coinglass data show. Funding rates help align perpetual contracts with spot prices, with 0.01% serving as the benchmark—readings above 0.01% indicate bullish sentiment, while those below 0.005% signal bearish positioning.

On December 17, major Hyperliquid addresses showed mixed trading results, according to Coinbob data cited by BlockBeats. pension-usdt.eth closed a BTC long for about $1.04 million in profit in 11 hours and then opened a 3x leveraged ETH short worth roughly $74.1 million. In contrast, BTC OG 内幕巨鲸 reported over $45 million in unrealized losses from a $564 million ETH long down 35%. Meanwhile, 终极空头 closed $8.6 million in BTC shorts for $2.37 million in profit, withdrew $5 million, and still holds $63.27 million in BTC shorts with $17.08 million in unrealized gains.

Ethereum address pension-usdt.eth closed its Bitcoin long position on Dec. 17, realizing an additional profit of $1.04 million, Lookonchain data show. The address then opened a short position of 25,000 ETH with 2x leverage, valued at about $73.98 million. Since Dec. 8, the address has recorded 12 consecutive winning trades, bringing its cumulative profit on Hyperliquid to more than $25.2 million.

A wallet address allegedly tied to BitMine received 48,049 ETH worth about $140.58 million from FalconX on December 17, Lookonchain data show. The transaction marks another transfer of ETH from FalconX to this address.

The crypto fear and greed index fell to 16, entering extreme fear territory, Cointelegraph reported. The gauge aggregates volatility, market momentum, social sentiment, and dominance data to reflect overall market emotion following recent price declines.

Grayscale transferred approximately 320 BTC, valued at roughly $27.98 million, to Coinbase Prime on December 16, Arkham data show. The transfer occurred within the past half hour, according to on-chain data reported by BlockBeats.

Asset manager Bitwise released its 2026 cryptocurrency market outlook on Dec. 16 with ten predictions, BlockBeats reports. The firm expects Bitcoin to break its four-year cycle and hit an all-time high with lower volatility than Nvidia, while ETFs absorb over 100% of new supply in Bitcoin, Ethereum and Solana. Bitwise forecasts crypto-related equities will outperform technology stocks, Polymarket open interest will reach a record above 2024 U.S. election levels, and on-chain vaults will double assets under management. The outlook also predicts Ethereum and Solana could set new all-time highs if the CLARITY Act passes, half of Ivy League endowments may gain crypto exposure, and more than 100 U.S. crypto-linked ETFs could launch.

Grayscale transferred 18,867 ETH worth approximately $55.22 million to Coinbase Prime on December 16, Arkham data show. The on-chain records indicate the full amount was moved to the Coinbase Prime platform within roughly the last half hour.