10 #Bitcoin ETFs outflows 4,964 $BTC(-$458.3M) and 9 #Ethereum ETFs outflows 4,701 $ETH(-$15.21M) yesterday.

On December 26, the Hyperliquid Foundation announced that HYPE tokens held in the Reserve Fund System address have been officially burned, representing 11.068% of the circulating supply. The associated governance vote utilized a consensus mechanism weighted by staked votes, with results showing 85% of staked votes in favor of the burn, 7% opposed, and 8% abstaining.

On December 26, Chinese crypto analyst Banmuxia said in a social media post that it’s no longer wise to hold a firm bullish stance on Bitcoin right now—but there’s no need to be overly bearish over the next 1-2 months. A correction could hit Bitcoin in March or April next year, he noted. A sharp drop could occur if ETFs see notable outflows, with Bitcoin possibly falling below $80,500 (even to $71,000)—though that’s a low-probability scenario. Currently, Bitcoin’s price volatility has compressed to extreme levels, and it’s set to break out in a clear direction soon.

December 26 — Top Lighter Score user @0Xlynn03 shared key updates following a discussion with the project team: - TGE is confirmed to wrap up by year-end. - The team noted plans to empower the token. - No update on a buyback plan was provided; a related announcement will be released later. - S3 is set to launch to continue incentivizing users. - A unified margin mechanism is targeted for Q1 next year. - Plans for a mobile app and prediction market are in progress, but due to heavy workload, completion is aimed for next year.

On December 26, data from Coinbob Popular Address Tracker reveals that the whale address "pension-usdt.eth"—previously in a floating loss but now profitable—fully closed its 3x leveraged ETH short position. The address liquidated 30,000 ETH (valued at approximately $87.5 million) in a short period, having entered the position at an average price of around $2,967. Monitoring shows this address regularly conducts short-term arbitrage trades, holds low-leverage full positions in BTC and ETH, and has an average holding period of roughly 20 hours. It has netted ~$13.78 million in profits over the past 30 days, and a total of $25.25 million since October.

December 26th: Bitcoin tops $89k per HTX market data, up 1.69% in 24 hours.

**Bitcoin Completes Largest-Ever Annual Derivatives Settlement** December 26, 2025 | 16:00 UTC+8 Bitcoin wrapped up its largest-ever annual derivatives settlement on Thursday (Dec 26) at 16:00 China Standard Time (UTC+8), with a notional value of ~$23.6 billion and a maximum pain point (max pain) of approximately $96,000. **Pre-Settlement Context**: Thin Christmas holiday liquidity, paired with rising precious metal prices, kept BTC trading sideways between $85k and $90k. Gamma hedging also exerted strong volatility suppression. **Post-Settlement Outlook**: Analysts expect the “volatility cage” to lift post-settlement, driving a sharp spike in volatility. BTC could break above the $90k range, with some projecting a push toward $100k—potentially igniting a New Year rally.