December 24th podcast on the way to work - the overall market is in a falling trend... attention is needed for Bitcoin long positions liquidation · Bitmain's large-scale purchase of Ethereum

BTC1,76%
ETH2,84%

On December 24, 2025, the Crypto Assets market showed weakness, with Bitcoin slightly falling to $87,692.89. Ethereum also decreased by more than 1%, to $2,940.17, and major alts such as Ripple, Solana, DOGE, Cardano, and TRON generally declined as well. The total market capitalization is $2.9597 trillion, with Bitcoin accounting for 59.16% and Ethereum for 11.99%.

The total trading volume in the last 24 hours has decreased to $101.7 billion, with DeFi market trading volume falling by 10.65%, while stablecoins have increased by 2.79%, forming a contrasting trend. Derivatives trading volume has decreased by 7.57% compared to the previous day.

On the day, the market liquidated leveraged positions worth $184.11 million, with short positions accounting for 58.9% of the total, sparking discussions about a potential short squeeze in the market. The liquidation scale for Bitcoin was $75.7 million, for Ether it was $62.69 million, for Solana it was $21.59 million, and DOGE and Zcash also saw strong liquidations dominated by shorts.

By exchange classification, Binance leads with a liquidation amount of $88.5 million, while over 99% of Hyperliquid's $84.2 million liquidation amount consists of short positions. This suggests upward pressure in the short term.

On-chain data also shows positive signals. BitMine has purchased approximately 38,000 ETH (worth about $113 million) in the past two days, and Pantera Capital has acquired 6,569 ETH and stored it in a custody wallet, indicating a trend of accumulating ETH.

In terms of policy, the European Central Bank has received the support of the EU Council in setting limits on the holdings of the digital euro, and the atmosphere for the introduction of CBDC in the Eurozone is taking shape. In addition, the former president of FTX US has raised $35 million in investments for its perpetual futures exchange based on traditional assets.

In South Korea, the current trading price of Bitcoin is slightly lower than that of the overseas market, and the kimchi premium shows a weakening trend compared to the previous day.

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