Crypto's liquidity crunch 🗜️

Crypto market liquidity is tightening ahead of the holiday period, as Bitcoin and Ethereum waver following the release of U.S. jobs data.

Author

Stephen Graves
December 16, 2025

đź“ť What you need to know

Crypto market liquidity is tightening ahead of the holidays, in a seasonal shift marked by a sharp deceleration in new stablecoin issuance.

The contraction in available capital comes as Bitcoin and Ethereum wavered on the release of delayed U.S. jobs data showing the highest unemployment rate since 2021, while Bitcoin and Ethereum ETFs saw their highest outflows for over two weeks Monday.

Despite the crypto market wobble, prediction market users remain cautiously optimistic, with predictors on Myriad, owned by Decrypt’s parent company Dastan, putting a 69% chance on Bitcoin clawing its way back to $100,000 rather than dropping to $69,000 (though they also don’t hold out much hope of a “Santa rally” this year).

Crypto Market Liquidity Shrinks Ahead of Holidays

The growth rate of USDT’s market cap has plunged by two-thirds since November, signaling a major contraction in crypto market liquidity.

đź“° In the News

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