Christmas and New Year holidays are approaching, and the cryptocurrency market seems to have already entered a "hibernation mode." US Bitcoin and Ethereum spot ETFs collectively lost value on Tuesday, mainly due to year-end asset rebalancing and liquidity tightening before the long holiday, with profit-taking selling pressure clearly increasing. According to SoSoValue data, the US Bitcoin spot ETF experienced a net outflow of $188.6 million on Tuesday, marking the fourth consecutive day of withdrawals. Among them, BlackRock's IBIT suffered the heaviest outflow, with a net outflow of $157.3 million in a single day; Fidelity's FBTC and Grayscale's GBTC also could not escape. On the other hand, Ethereum spot ETFs also recorded a net outflow of $95.5 million on Tuesday, compared to a net outflow of $84.6 million the previous day.

In 2026, crypto markets focus on Solana, despite its price staying below $130. Increased whale accumulation and strong network activity hint at potential price breakout for SOL.

Scaramucci names Solana, Avalanche and TON as top altcoins, citing 2025 whale selling, 2026 rate cuts and U.S. crypto regulation as key drivers. Summary Scaramucci blames 2025 altcoin pain on whale selling into ETF demand and an October deleveraging-driven liquidity crunch that dragged bitcoin