2025-12-25 16:22:03

Today is Thursday, December 25, 2025. During the US Christmas holiday, the US stock market is paused, but the crypto market remains lively.

**Market Overview**
Bitcoin is fluctuating around $87,700, with a daily increase of only 0.6%. Trading volume has significantly shrunk by over 45%, oscillating repeatedly within the range of $86,760 to $88,175. Ethereum's situation is even more difficult, with a quote of $2,940, moving back and forth between $2,930 and $2,976. The $3,000 psychological barrier has not been broken, and $2,880 below acts as a support line.

**Liquidation Data Shocking**
According to Coinglass statistics, 75,182 people were liquidated in the past 24 hours, totaling $133 million. Among them, long positions were liquidated for $67.92 million, and short positions for $64.64 million, indicating losses on both sides of the market. Additionally, the 24-hour Fear & Greed Index is only 24 points (extreme fear level). Open interest in futures is continuously decreasing, with many speculative funds actively closing positions and exiting.

**Options Risk Release**
Tomorrow, December 26, about 300,000 Bitcoin options will expire, with a notional value of up to $23.7 billion. Notably, put options at $85,000 and call options at $100,000 are relatively concentrated, which could trigger significant volatility upon expiration.

**What Are Institutions Doing**
BlackRock quietly deposited $229 million in crypto assets into a compliant platform, Prime, including about $20 million in Bitcoin and approximately $29.23 million in Ethereum. Meanwhile, in 24 hours, leading exchanges saw a net inflow of 1,671.26 BTC, while another exchange experienced an outflow of 1,219.12 BTC. Large investors are rebalancing their positions.

**Ecological Highlights**
On the Layer 2 front, good news comes after Ethereum's Fusaka upgrade: on-chain transaction fees have decreased by 40%-60%, and the total network TPS has reached 34,468. DeFi TVL remains around $68.8 billion. Ethereum staking remains at 28 million ETH, with a staking rate of 22%.

**Altcoin Rotation**
BIFI led the gains with a 24-hour increase of 246%, while RARE was the biggest loser, down 8%.

**Risk Reminder**
Low liquidity markets are prone to flash crashes and slippage. It is recommended to operate with light positions and set strict stop-loss points.

BTC0.05%

ETH-0.39%

BIFIF6.23%

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TokenomicsDetective

· 5h ago

Over 75,000 liquidations totaling 133 million, how intense is that... Luckily, I already ran away long ago. Institutions are stockpiling, retail investors are getting cut, this is always the same routine. Fusaka upgrade costs have plummeted, there’s still hope for Ethereum this wave. Tomorrow is options expiration, with $23.7 billion hanging overhead, I can't sleep. BIFI up 246%? Which small coin’s doubling show is this... The entire Christmas holiday has been nonstop, the crypto market truly operates 24/7 without closing. Looking at BlackRock’s moves, big players are building positions, retail investors are still selling off, hilarious. TPS is only around 34,000, Solana has long left everyone in the dust. With such poor liquidity, who dares to play with leverage? It’s just like giving away money.

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0xSleepDeprived

· 5h ago

75,182 people liquidated, I just want to know how many of them were the group that shouted "Christmas rally must rise" yesterday --- BlackRock secretly building positions, while we're still arguing at the 3000 level, what a gap --- Fear index 24 points? If this isn't the bottom, what is? I am bullish --- Tomorrow, 300,000 options contracts expire, and it's time to watch the options explosion show again --- Trading volume plummeted 45%, and you still call this lively? When the US stock market is closed, it has to be like this --- Both sides liquidated and lost money, it seems no one knows what will happen tomorrow --- ETH can't break 3000 no matter what, I have to ask if someone is dumping the market --- Fusaka upgrade fee decreased by 60%, but why is the TVL still the same --- BIFI up 246%, I didn't see it, RARE down 8%, I saw everything, this is how the market is --- Low liquidity + fear index, definitely a high-risk period, everyone, don't chase the highs

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rekt_but_resilient

· 5h ago

75,182 people liquidated, totaling 133 million. There are still people getting cut during Christmas; I really admire that. BlackRock is stockpiling, while retail investors are still cutting each other's losses. The gap... Tomorrow, 300,000 options expire, worth $23.7 billion... If that crashes down, someone will be celebrating. Why is ETH still stuck at 2940? Is breaking 3000 so difficult? BIFI up 246%? I just want to know who bought the dip; anyway, it’s not me. With such poor liquidity, daring to leverage—true warriors. This market feels suffocating; maybe we should all take a break and wait for the US stock market to open. Fear index is at 24; with this trend, when will it bottom out so we can buy the dip? BlackRock’s move is telling us that institutions are still optimistic, don’t panic. In such low liquidity conditions, I suggest everyone be cautious and avoid getting caught by a sudden spike.

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CryptoComedian

· 5h ago

75,182 people liquidated, totaling 133 million. I just want to know how these people were so confident when placing orders, and so decisive when closing positions. The Christmas holiday US stock market has paused, but not a single one of our leeks has been spared. Smiling through it all, it has become a liquidation diary. BlackRock is secretly accumulating coins, and tomorrow we will see 300,000 options battling it out. The pace is just perfect, incredible. Ethereum is stuck at the 3000 mark, a typical pump-and-dump move. Will it come back next year? Why can BIFI rise 246%, while my coins only fall 246%? Is this just fate? Low liquidity should be renamed "Leek Harvest Festival," concise and to the point. Look at the fear index at 24 points—yes, it's that terrifying, but we're still here.

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HappyMinerUncle

· 6h ago

This market is really crazy, 75,182 people liquidated with 1.33 billion, both sides are bleeding. Tomorrow's options expiration is billion dollars, this wave of volatility probably can't be avoided. BlackRock quietly accumulated at low levels, institutional moves are always one step ahead of retail investors. When can we bottom out? ETH has been stuck at 3000 for so long, feeling a bit frustrated. When will it break? I dare not move, liquidity is so poor now that it's just a casino. Holding a small position and lying flat is the way to go. BIFI up 246%? How the hell did that happen, probably that kind of pump-and-dump rhythm.

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ClassicDumpster

· 6h ago

75,182 people liquidated, 133 million, still taking hits on Christmas, this market really doesn’t take a break --- BlackRock quietly buying the dip again, institutions are picking up chips while we’re still cutting losses, hilarious --- Will tomorrow’s options explosion break through directly? Feeling a bit anxious --- ETH just can’t get past 3000, truly hopeless --- Fear index at 24 points, extreme fear is often an opportunity... or the final plunge, who knows --- Low liquidity causes sudden crashes, light positions really save lives, everyone --- L2 fees down 60%, ETH ecosystem still has hope, not completely out of the game --- BIFI surged 246%, another stage for chopping up the leeks, right?

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ThreeHornBlasts

· 6h ago

Over 75,000 people were liquidated, it looks like another harvest season. I'll just sit on the sidelines and watch the show. BlackRock's move is really ruthless, still buying during Christmas. These institutions really don't rest. ETH is still stuck below 3000. Why is it so hard to break through? Fine, I'll just hold and wait. Tomorrow, 300,000 options will expire, with $23.7 billion hanging overhead. This volatility is definitely intense. BIFI up 246%? No way, such a rally in this market? The risk must be off the charts. A flash crash due to low liquidity is imminent. My stop-loss is already set, just waiting for the moment to cut losses. Institutions are deploying, retail investors are getting liquidated. It's always the same routine, so boring. Trading volume has shrunk by 45%, indicating everyone is in a holiday mindset. What’s the point of playing in this market? 28 million ETH staked, but the staking rate is still so low. Looks like everyone is pessimistic. BTC is bouncing between 86,760 and 88,175, feeling like it's waiting for some signal.

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