December 25 Work Commute Podcast — Bitcoin Volatile Market... $120 million Liquidated, Short Positions Concentrated

On December 25, 2025, the cryptocurrency market showed weakness, with Bitcoin down 0.23% from the previous day to $87,494.89; Ethereum, on the other hand, rose 0.13% to $2,943.88. Major altcoins generally declined, with only BNB recording a 0.71% increase. Ripple(-1.10%), Solana(-0.95%), Dogecoin(-0.66%), Cardano(-1.45%), and TRON(-0.63%) all showed downward trends.

The total market capitalization is approximately $2.9544 trillion, with Bitcoin accounting for 59.13% and Ethereum for 12.03%. The total trading volume over the past 24 hours is about $809 billion. DeFi(-12.64%), stablecoins(-17.83%), and derivatives(-19.49%) sectors all experienced declines, confirming the overall market contraction.

During the same period, leveraged positions totaling $122.2 million were liquidated, drawing renewed attention to market volatility. Among all liquidation records, 78.7% were short positions, indicating that recent price increases triggered large-scale short forced liquidations. By exchange, the liquidation volumes were Hyperliquid ($72.2 million), Binance ($69.5 million), and Bybit ($40.5 million), mostly involving short positions.

By coin, Bitcoin led with $56.22 million in liquidations, followed by Ethereum ($46.68 million), Solana ($7.71 million), Pepe ($10.74 million), and Bit ($6.07 million). Notably, most major coins saw concentrated liquidations of short positions, which reinforced market expectations that the rebound trend might continue.

On the other hand, Trend Research recently increased its holdings by 46,379 ETH, bringing its total to over 580,000 ETH. Reports of Circle issuing gold/silver tokens have been confirmed false, and the official also stated that there is no such platform as Circle Metals.