December 26th, Post-Work Podcast — Bitcoin Continues to Rise at $89,000… Altcoins See Consolidation, Liquidations Reach $120 Million

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On December 26, 2025, the cryptocurrency market saw Bitcoin rise 1.48% compared to the previous day, reaching $89,072. Ethereum also rose 1.12% to $2,974. Solana and BNB rebounded, while Ripple, Dogecoin, Cardano, and Tron showed weakness, resulting in mixed trading.

The total cryptocurrency market capitalization was confirmed at $2.9942 trillion, with Bitcoin's market share rising to 59.39% and Ethereum's to 11.99%. The 24-hour trading volume was recorded at $81.2 billion.

DeFi trading volume increased 8.68% to $10.7 billion, and the market capitalization reached $70 billion. Stablecoin trading increased 17.7% to $79.6 billion, and the market capitalization reached $287.2 billion. Derivatives trading volume surged 26.34% to $888.3 billion, reflecting demand for short-term trading amid increased volatility.

Over the past 24 hours, a total of $127.21 million (approximately KRW 186 billion) worth of leveraged positions were liquidated. Of these, 54.31% were long positions and 45.69% were short positions, demonstrating a balanced flow of liquidations in both directions. Bitcoin recorded the largest liquidation amount at $77.12 million, followed by Ethereum at $31.05 million and Solana at $11.42 million.

On the policy front, news broke that Japan's financial authorities established a dedicated stablecoin department and that Russia's Sberbank was considering cryptocurrency-collateralized loans. Technically, a temporary defeging issue with the Solana-based stablecoin USX was confirmed, and the appearance of Fudge Penguin at "Sphere" in Las Vegas broadened the reach of NFT projects.

Exchange trends include Upbit and Bithumb simultaneously listing ZKPASS (ZKP), and Upbit also added trading support for YieldBasis (YB). Binance announced support for FXS's FRAX rebranding and token swap, while US-based exchange Gemini launched BNB trading and custody support.

Meanwhile, Coinone issued a warning regarding investments in Trust Wallet Token (TWT), which has recently been subject to security concerns. Regarding Ethereum's outlook, the analyst suggested a limited rebound, stating, "Achieving the all-time high by 2026 may be difficult."

The Bitcoin perpetual long/short ratio on major futures exchanges shows an overall long position of 49.34% and short position of 50.66%, confirming the dominance of short positions, suggesting the possibility of a short-term adjustment.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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