Gate Research Institute: CHEEL 24-hour increase exceeds 90% | BTC ETF continues to experience net outflows over the past week

Cryptocurrency Asset Overview

###BTC (-0.34% | Current price 87,371 USDT) In the past 24 hours, BTC experienced a noticeable correction first, with the price dropping rapidly to around 86,418.2 USD, then gradually stabilizing supported by buying pressure below, and beginning to rebound. During the rebound, the price once surged to around 88,590 USD but turned to oscillate downward after encountering selling pressure at high levels. Currently, the price has fallen back above 87,000 USD. From the overall structure, BTC remains in a technical adjustment phase within a high-level oscillation. The upward momentum released earlier was sufficient, with short-term profit-taking causing a rapid pullback. Technically, the price has fallen near the MA30, with short-cycle MA5 and MA10 showing signs of turning downward, exerting some resistance on short-term trends, and the rebound pace has significantly slowed. Volume-wise, the decline phase was accompanied by increased trading volume, indicating concentrated selling pressure at high levels, while during the rebound, volume contracted, suggesting funds are more cautious and in recovery mode. The key support zone is currently between 86,800 and 87,000 USD; if this level holds effectively, the high-level oscillation structure may be maintained. If support fails, a retest of around 86,400 USD cannot be ruled out. On the upside, attention is on the 88,000–88,500 USD range; only a volume breakout and stabilization above this zone could allow the market to test previous highs again. Overall, BTC has shifted from a strong upward trend to a consolidation phase in the short term, with the trend still intact but the pace noticeably slowing.

###ETH (-0.88% | Current price 2,920 USDT) In the past 24 hours, ETH’s overall movement was weaker than BTC. After rebounding to the 2,960–2,980 USD range, it failed to stabilize effectively, then quickly declined, forming a correction structure, with a low around 2,888.43 USD. Currently, the price is oscillating slightly around 2,900 USD. Structurally, ETH has formed a clear pattern of a sharp rise followed by a pullback. After breaking below MA5 and MA10, these short-term moving averages turned downward and formed resistance near MA30, limiting the rebound space. The current price is close to below MA30, indicating that the bullish advantage has weakened significantly, and the market has entered a correction phase. Volume during the decline was notably higher, showing strong profit-taking at high levels, while volume during the rebound was insufficient, indicating market sentiment remains cautious. The support zone between 2,880 and 2,900 USD is critical; if this area cannot hold, the price may continue to test around 2,850 USD. Resistance is concentrated between 2,950 and 2,980 USD; only a renewed breakout with volume could restore a stronger oscillation structure. Overall, ETH is currently in a weak recovery stage with relatively high short-term uncertainty.

###GT (-0.68% | Current price 10.16 USDT) GT performed relatively steadily over the past 24 hours, mainly oscillating around the 10.10–10.25 USD range, with overall volatility significantly lower than BTC and ETH. The previous rebound peaked near 10.40 USD but failed to break through effectively, then entered a sideways consolidation phase, currently around 10.15 USD. From a technical perspective, GT remains in a sideways, slightly weak pattern. The short-term MA5 and MA10 are mostly flat and intertwined, with no clear direction; MA30 remains above the price, exerting ongoing resistance on the medium-term trend, with no clear reversal signals. Volume remains relatively low, indicating limited participation and more of a battle between existing funds. The support zone between 10.00 and 10.05 USD is important; if broken, the price could retest previous lows. Resistance is at 10.30–10.40 USD; only a volume breakout could open new upward space. Overall, GT maintains a low-volatility oscillation, with a more defensive short-term trend.

Daily Gainers and Losers

Most tokens are in a correction today, with market sentiment cautious, and short-term funds mainly observing and defending. Mainstream coins like BTC and ETH declined slightly, with reduced market activity compared to before. Only a few small- and mid-cap tokens showed partial rebounds, with the overall market still characterized by structural divergence. Additionally, tokens such as CHEEL, ZBT, CPOOL, etc., recorded gains of over 30% and even 90%, highlighting strong market enthusiasm and capital chasing.

###CHEEL Cheelee (+97.10%, circulating market cap 54.04 million USD) According to Gate data, CHEEL is currently priced at 0.9755 USD, up 97.10% in 24 hours. Cheelee is a Web3-based short video social platform that converts user attention into quantifiable on-chain value through a “watch-to-earn” model. Its ecosystem tokens are mainly used for incentive distribution within the platform, advertising settlements, and governance participation, forming a positive cycle among content, users, and tokens.

In the past 24 hours, Cheelee-related tokens surged, mainly benefiting from a renewed market focus on the SocialFi sector and increased preference for projects with real users and application scenarios. Meanwhile, the platform’s user data and ecosystem narrative continued to ferment, boosting market sentiment and driving the price higher.

###ZBT ZEROBASE (+62.30%, circulating market cap 34.59 million USD) According to Gate data, ZBT is currently priced at 0.1553 USD, up about 62.30% in 24 hours. ZEROBASE is a decentralized infrastructure network that uses zero-knowledge proofs (ZKP) and trusted execution environments (TEE) to enable verifiable off-chain computations. It supports products like zkStaking, zkLogin, and ProofYield.

The recent rise of ZBT mainly stems from market rotation towards infrastructure projects at low levels and a phase of speculative interest in small-cap tokens. Additionally, recent ecosystem developments and increased community activity have somewhat strengthened market expectations, pushing the price higher in the short term.

###CPOOL Clearpool (+38.00%, circulating market cap 35.33 million USD) According to Gate data, CPOOL is currently priced at 0.0413 USD, up about 38.00% in 24 hours. Clearpool is a decentralized, institutional-grade, non-collateralized lending protocol that allows institutional borrowers to create liquidity pools directly on-chain with market-determined interest rates, improving capital efficiency and transparency. Its utility and governance token CPOOL are mainly used for protocol governance, liquidity incentives, and risk sharing. Token holders can participate in parameter adjustments, borrower approvals, and other key decisions to maintain the protocol’s long-term stability and development.

In the past 24 hours, CPOOL’s rise was mainly driven by a phase of increased risk appetite and rotation into DeFi lending projects. As one of the few protocols focused on institutional-grade non-collateralized lending, its real yield narrative and governance token utility are more likely to attract capital in volatile markets, leading to short-term rebounds.

Hot Topics

###XRP ETF Net Assets Surpass 1.25 Billion USD, Price Still in Range Oscillation Despite continuous institutional inflows via ETFs, pushing XRP-related ETF net assets over 1.25 billion USD, the price remains weak, trading within a range of 1.85 to 1.91 USD. Data shows that recent institutional investors increased holdings by about 8.19 million USD through ETFs, reflecting a preference for compliant, structured products over direct spot price chasing.

From the market structure, there is significant selling pressure around 1.90 USD, repeatedly limiting upward movement, while buy support at around 1.86 USD keeps the price in a narrow range. Overall, ETF inflows provide a medium- to long-term demand foundation for XRP, but in the short term, the market remains in a tug-of-war, and whether the price can break out of the current range depends on volume expansion and key technical breakthroughs.

###ZachXBT Discloses Trust Wallet Browser Extension Vulnerability, Users at Least Lose 6 Million USD On-chain investigator ZachXBT recently revealed that some Trust Wallet users suffered fund theft during a security incident, with initial losses exceeding 6 million USD. The alert first came from community feedback, with multiple users reporting abnormal withdrawals from their wallets in a short period, closely coinciding with a recent update of the Trust Wallet Chrome extension.

Trust Wallet officially confirmed that version 2.68 of its browser extension has a security vulnerability and urged users to immediately disable this version and upgrade to 2.69. The team stated that users on mobile wallets and other extension versions are unaffected. The investigation is ongoing. This incident, occurring amid frequent attacks and phishing in the crypto industry, highlights the potential security risks of browser extension wallets in updates and user operations.

###BTC ETF Continues to See Net Outflows Over the Past Week, Short-term Funds Significantly Weakening Farside data shows that over the past week, BTC spot ETFs have experienced continuous net outflows, with multiple trading days seeing capital outflows reaching several hundred million USD, reflecting a phase of cautiousness among institutional funds. Even when some products saw brief inflows, the overall net outflow trend persisted.

Fund withdrawals are mainly concentrated in leading ETF products, indicating some institutions are taking profits or reducing risk exposure at high levels. Combined with BTC price movements, ETF outflows and price oscillations are resonant, suggesting the market may remain defensive and range-bound in the short term. Whether it can return to net inflows will be an important signal for trend recovery.

Reference materials:

• Gate, https://www.gate.com/trade/BTC_USDT
• Farside Investors, https://farside.co.uk/btc/
• Gate, https://www.gate.com/trade/ETH_USDT
• Gate, https://www.gate.com/trade/GT_USDT
• Gate, https://www.gate.com/price
• Coindesk, https://www.coindesk.com/markets/2025/12/25/xrp-etf-inflows-cross-usd1-25-billion-milestone-but-price-action-muted
• The Block, https://www.theblock.co/post/383442/hilbert-group-bolsters-institutional-crypto-push-with-25-million-enigma-nordic-deal
• Farside, https://farside.co.uk/btc/

Gate Research Institute is a comprehensive blockchain and cryptocurrency research platform providing in-depth content, including technical analysis, hot topics, market reviews, industry research, trend forecasts, and macroeconomic policy analysis.

Disclaimer Investing in cryptocurrencies involves high risk. Users are advised to conduct independent research and fully understand the nature of assets and products before making any investment decisions. Gate is not responsible for any losses or damages caused by such investment decisions.