VanEck Mid-December 2025 Bitcoin ChainCheck

VanEck 5.09K Follower s Follow 5 Share Save Play ( 17min ) Comments Summary Corporations buy the dip as ETPs fade: While Bitcoin ETP investors retreated, DATs stepped in, adding 42k BTC (their largest accumulation since July 2025). Miner capitulation may signal a bottom: The network hash rate dropped 4% (sharpest since April 2024), historically a bullish contrarian signal. The "diamond hands" divergence: Medium-term holders (1-5y) are selling, while long-term holders (>5y) remain unmoved. Vertigo3d/iStock via Getty Images Under our GEO framework, Bitcoin shows weak onchain activity but improving liquidity conditions and a reset in speculative leverage, pointing to cautious optimism beneath the selloff. The GEO (Global Liquidity, Ecosystem Leverage, Onchain Activity) Framework to Assess Bitcoin's Price This article was written by VanEck 5.09K Follower s Follow VanEck is a global asset management firm offering ETFs, mutual funds, private funds, model portfolios, institutional strategies, separately managed accounts, as well as UCITS funds. Since our founding in 1955, putting our clients’ interests first, in all market environments, has been at the heart of the firm’s mission. VanEck has a long history of looking beyond financial markets to spot trends that create meaningful investment opportunities. We were one of the first U.S. asset managers to give investors access to international markets, which set the tone for identifying asset classes and themes such as gold investing in 1968, emerging markets in 1993, and exchange traded funds in 2006 that later helped shape the investment industry. The firm oversees $161.7 billion in assets as of September 30, 2025. Disclosures: http://ow.ly/SZ9450N5qTJ.

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