A quick overview of the crypto market on December 26: platform currency surged, BTC fluctuated, and contract liquidation of 289 million

Brothers, it’s another stormy day! The market is never short of stories. Today there is not only the carnival of platform coins, but also the volatile correction of Bitcoin, and the ruthless harvesting of contract players. As per the old rules, let’s use the most down-to-earth way to talk about what happened in the circle today.

1. Platform coins shine: BGB and GT both surge by more than 25%

The most eye-catching coins today are undoubtedly the platform coins of the two major exchanges.

• Bitget Token (BGB): It is currently trading at $7.27, with a surge of 27.4% in 24 hours. What's even more dramatic is that its market value has historically exceeded 10 billion US dollars, with an increase of more than 1100% during the year, and its ranking has soared to 19th in the world. This performance can be called a fighter among platform coins.
• Gate Token (GT): Now quoted at $17.63, the 24-hour increase has also reached 26.3%, and the performance is also impressive.

**Why are platform coins suddenly so popular? ** This often reflects the market's strong confidence in the exchange's own business development and profitability. Especially during the bull market cycle, trading activity surges, exchanges make a lot of money, and their platform coins naturally rise.

**Want to trade these skyrocketing platform coins immediately? You must have a reliable exchange account first! ** Remember, you must play at a top-notch, regular, and licensed exchange. Fund safety is the first priority. No matter how high the Pheasant Exchange rises, it may be all in vain.

Bitget registration: Use the exclusive invitation code lu8888 to register through this link to enjoy 20% transaction fee rebate. Gate.io (Open Sesame) registration: Use the exclusive invitation code UQJBUVo to register through this link to enjoy up to 30% discount on transaction fees. The little you can save on handling fees adds up, especially when trading frequently, the difference can be huge!

2. Bitcoin market: short-term pressure, long-term optimism

BTC was a bit "under pressure" today, falling about 3% to around $95,420 during the session. Several news aspects affect short-term sentiment:

1. Small outflow of ETF funds: Data shows that Bitcoin ETF had a net outflow of approximately 1,620 BTC (approximately US$155 million) today. The Ethereum ETF showed net inflows.
2. Huge option expiration: A record $43 billion in options contracts will expire on Friday, of which Bitcoin options account for $13.95 billion. Around this critical node, market fluctuations are usually amplified, and traders are generally cautious.
3. Partial profit taking: Analysts pointed out that investors with a holding period of 6-12 months (mostly bought when the ETF was passed at the beginning of this year) are becoming the most active selling group, putting downward pressure on prices.

but! Long-term narrative remains strong: Despite the short-term adjustment, people inside and outside the industry are still extremely optimistic about 2025. Asset management company Bitwise even predicts that Bitcoin will exceed $200,000 by the end of 2025. The logic supporting this view includes: continued incremental funds brought by spot ETFs, the Trump administration’s pro-encryption policies, and the increasing mainstream acceptance of cryptocurrencies as “digital gold.”

**To invest or buy low-priced BTC, you need a safe and reliable entrance. ** Whether participating in the market through spot or contract, choosing a top exchange is the foundation of the foundation.

Binance (Binance) registration: Use the invitation code LULALA to register through this link to enjoy 20% handling fee discount. OKX (OUYI) Registration: Use the invitation code LULALA to register through this link to enjoy 20% handling fee discount. Bybit registration: Use the invitation code ODXBWMN to register through this link to enjoy 20% handling fee discount.

3. Contract market: bloody storm, liquidation of US$289 million in 24 hours

When the market fluctuates, the worst offenders are high-leverage contract players. Coinglass data shows that in the past 24 hours, the liquidation amount of the entire network reached 289 million US dollars, of which long orders liquidated 232 million US dollars, accounting for the vast majority.

• BTC liquidation liquidated approximately $66.11 million. *ETH liquidation liquidated to approximately US$44.37 million.

Cliché Warning: Contracts are professional tools, not a shortcut to wealth. High leverage is equivalent to putting yourself on the edge of a cliff, and a reverse fluctuation is enough to clear it. Especially on days when huge amounts of options expire and market sentiment is sensitive, it is even more important to control your positions and fasten your seat belts.

4. Other hot express delivery

1. Memecoin myth reappears: A god-level trader traded 196 Memecoins in 11 days, with a total profit of over 1.1 million US dollars and a winning rate of 43.26%. Among them, the $MIRA bet made a huge profit of 3600%. Just listen to this story. The survivor bias of a very small number of people should not be imitated without thinking.
2. AI + blockchain continues to be popular: The project ChainOpera AI completed a seed round of financing of US$17 million to develop a blockchain AI operating system. OpenAI was also revealed to be planning to transform from a non-profit to a for-profit company, with Microsoft playing a key role.
3. Mining Giant Transformation: Marathon Digital announced that its Bitcoin holdings have increased to 44,394 coins and transformed into a "global energy and infrastructure leader."
4. Runes protocol cools down: The proportion of transactions of the Runes protocol on the Bitcoin chain has dropped from more than 80% in the early days of its launch to the current 3-5%, and the popularity has subsided significantly.
5. DEX News: Hyperliquid’s HYPE token is down about 30% from its highs.

Summary and reminder

Today's market perfectly explains what "structural market" is: the market (BTC) is volatile, but some parts (platform coins, individual Memecoins) are hot. For ordinary investors:

1. The first priority is to ensure safety: All operations must be conducted on the world's top licensed exchanges such as Binance, OKX, Bybit, Bitget, Gate.io. Never use unsolicited links or small exchanges.
2. Take advantage of fee discounts: Transaction costs are the key to long-term profitability. By registering with the exclusive invitation code provided above, you can directly obtain permanent fee discounts/rebates, which is a real benefit.
3. Look at the market rationally: Do not chase the rise and kill the fall, and do not blindly open high-multiple contracts. The bull market is likely to plummet. If you stabilize your mentality and use spot or low-leverage layouts in the optimistic direction, you may be able to have the last laugh.

The market is always changing, but one thing remains unchanged: Only on the right battlefield and with the right tools can we fight a well-prepared battle**. I wish everyone good luck with your investment!

Related Articles

• Bitget registration nanny-level tutorial: teach you step-by-step to get it done in 10 minutes, and you’ll get a permanent discount on the handling fee!
• Bitget exchange registration KYC guide: Complete it in 10 minutes, an experienced expert will teach you how to get 20% of the handling fee rebate
• Bitget registration nanny-level tutorial: teach you step by step how to open an account in 10 minutes, and get a 20% permanent fee discount for free!