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Bitcoin long-term holder supply has dropped to 14.34 million BTC, the lowest level since May. This marks the third wave of long-term holder sell-offs in this cycle, with previous sell-offs occurring after ETF approval and when Bitcoin surged to $100,000 following the victory of U.S. President Trump. Unlike previous bull markets where there was only a single phase of selling, this cycle has seen multiple waves of long-term holder sell-offs that have been absorbed by the market.

Jinse Finance reported that HUT 8 rose more than 12% in pre-market trading after the company announced an artificial intelligence infrastructure partnership with Anthropic and FluidStack.

On December 17, Ethereum co-founder Vitalik Buterin responded to U.S. Senator Bernie Sanders' call to halt the construction of large data centers for AI. Vitalik stated that there is a reasonable basis for discussions about an “AI slowdown,” but he believes that instead of a simple pause, a more valuable solution would be to build a “pause button” capability—meaning that at a more critical moment in the future, it would be possible to reduce available computing power by 90%–99% within 1–2 years. At the same time, he believes it is important to distinguish between ultra-large-scale computing clusters and consumer-grade AI hardware, and he tends to support slowing down the pace and promoting more decentralized progress. However, he also pointed out that related regulatory measures could be easily circumvented and may not effectively achieve their goals.