According to a chart released today by Matrixport, as reported by Odaily Planet Daily, implied volatility continues to decline, and market expectations for another significant upward breakout in Bitcoin before the end of the year have cooled considerably. Against this backdrop, the upcoming Federal Reserve meeting is widely regarded as the last major event window of the year. Following the meeting's outcome and with the holidays approaching, Bitcoin ETFs have lacked new net inflows, and the market is more likely to return to range-bound trading with relatively limited directional opportunities; volatility is likely to continue its downward trend. Options market pricing also confirms this: investors' bets on an unexpected upward move in late December are gradually diminishing.

According to an article published on the X platform by BitcoinTreasuries.NET, the National Pension Service (NPS) of South Korea, with assets of $1 trillion, has increased its holdings in MicroStrategy (MSTR), a publicly traded company that holds Bitcoin, to $93 million.

According to Odaily Planet Daily, Nomura Capital Management's baseline scenario before mid-November was that the Federal Reserve would not make any interest rate adjustments in December. However, Chief Investment Officer Matthew Pallet stated in a memo that the latest data points to slowing inflation and signs of a weak labor market, making another rate cut possible. He said that new economic forecasts should reflect a moderation in inflation over the next few quarters, opening the door to another rate cut. Pallet stated, "While our view on recent Fed decisions has changed, it is clear that the current committee is more divided on how to handle the path of monetary policy than he has in a long time." (Jinshi)

According to an official announcement, Binance will upgrade its options trading platform to improve stability, performance, and scalability. This upgrade will bring more robust infrastructure and new features. The migration is expected to take place from 13:00 on December 14, 2025 to 13:00 on December 15, 2025 (UTC+8). Important notes before the migration: Daily expiration options expiring on December 14, 2025, December 15, 2025, and December 16, 2025 will not be available. Binance discount buying will be temporarily suspended from 08:00 on December 13, 2025 to 08:00 on December 16, 2025 (UTC+8). Migration period: The migration will begin at 13:00 on December 14, 2025 (UTC+8) and end at 13:00 on December 15, 2025 (UTC+8). During the entire upgrade window, all trading and liquidations will be suspended. All open orders will be cancelled at the start of the migration and can be resubmitted after the upgrade is complete. User positions and balances will be automatically migrated to the new system without any action required. Market Maker MMP and Kill Switch settings will be restored to their default values and will need to be reconfigured after the upgrade. Existing API Keys will be migrated and remain valid. After migration: During the 2-hour grace period following migration completion, no liquidation will occur even if position margin falls below the requirement. Users can replenish collateral or adjust positions during this period. After the 2-hour grace period ends, the system will revert to normal liquidation logic, and any positions still eligible for liquidation will be liquidated.

According to Onchain Lens monitoring, a newly created address (21CRBEsL...JnEj0) withdrew 200,001 SOL tokens from Binance, worth $27.87 million.