Cryptocurrency Market Trades Sideways, Bitcoin Holds $88,000 Range, GMT Leads Altcoin Market

On Dec. 29, Bitcoin surpassed $89,000, posting a 1.63% 24-hour gain, per HTX market data.

**ETH 2026 Outlook: Core Issue Tied to Underlying Fragmentation, $2700 Is Critical Support – On-Chain Analyst Murphy (Dec 29)** On December 29, on-chain data analyst Murphy released a report titled *Is ETH Still Worth Watching in 2026?* summarizing Ethereum’s year-end on-chain trends. The key takeaway: ETH’s current core challenge isn’t above-chain dynamics but its **underlying fragmented structure**. $2700 now acts as a critical consensus support level. A break below this zone would send ETH into a **vacuum with no price anchor**. Whale groups haven’t abandoned ETH but have grown more cautious—chip concentration is rising rapidly and becoming systematically aggregated. ### On-Chain Behavior - Around September 18, large funds built positions near $4500 and didn’t sell during the December 6 peak. As ETH slid lower, these positions began exiting gradually. - Significant **trapped volume** clusters near $3100: this stems from whales that accumulated between $2600–$2700 from M

On December 29, per Coinbob Popular Address Monitoring (link: https://t.me/Coinbob_track_CN), the "BTC OG Insider Whale" (address: 0xb31) has adjusted its SOL long position leverage from 20x to 10x recently—this comes after it upped leverage to 20x following a SOL long position flattening on December 26. No further repositioning has been noted. The whale’s recent long position floating loss has narrowed, dropping from a peak of $76.15 million to $43.9 million. Its current total position size is ~$754 million, with a margin of $39.59 million. Key long positions include: - 5x ETH Long: $6.01 billion position size, average price $3,147, floating loss $38.7 million (-32%), liquidation price $2,131 - 5x BTC Long: $87.96 million position size, average price $91,500, floating loss $3.52 million (-20%) - 10x SOL Long: $64.67 million position size, average price $135, floating loss $1.91 million (-29%) Previously, on the night of Dec 7 through the morning of Dec 8, the address trans

December 29: SOL has broken above $130, per HTX market data, with a 4.2% 24-hour gain. Alternatively (more concise for quick updates): As of Dec. 29, SOL has topped $130—up 4.2% in the past 24 hours, per HTX market data.

On December 29, per LookOnChain monitoring, whale address 0xA71d deposited 1.81 million USDC into HyperLiquid this morning and opened a 3x leveraged long position on 500k LIT—valued at $1.83 million.