If Bitcoin drops below $84,000, the mainstream CEX's aggregated long liquidation volume will reach 915 million.
As of December 18th, Coinglass data shows that if Bitcoin drops below $84,000, the cumulative long liquidation strength across major centralized exchanges (CEXs) will reach $915 million.
Conversely, should Bitcoin rise above $89,000, the cumulative short liquidation strength for these mainstream CEXs will hit $1.463 billion.
**BlockBeats Note:** Liquidation charts do not display the exact number or value of contracts subject to liquidation. Instead, the bars on these charts represent the relative importance of each liquidation cluster compared to neighboring clusters—i.e., their "strength."
This means the charts indicate how significantly Bitcoin’s price will be impacted when it hits a given level: a taller "liquidation bar" signals a more intense price reaction due to a liquidity cascade once that price point is reached.
3 minutes ago
Coinbase has announced that the Base App is now open to all users.
On December 18, Coinbase announced that its Base App—previously available only by invitation—has opened to the general public.
Over 1 million people had been waiting patiently for access as the team gradually expanded spots. Over the past few months, the team has continuously gathered feedback, rolled out updates, and worked to refine the experience daily.
Today, the invitation-only phase officially concludes, and the all-new Base App is now accessible to everyone.
3 minutes ago
A certain whale's LONG position hype triggered the largest single liquidation across the entire network, with a total liquidation scale exceeding $26 million.
December 18th — Monitoring from HyperInsight (via its Telegram channel) and CoinGlass shows the largest single liquidation event in the past 24 hours hit $11.08 million, stemming from a HYPE long position held by an address starting with 0xbad on Hyperliquid.
This address saw three major liquidations this morning totaling approximately $26.3 million, for a total loss of $8.0029 million. As of now, its next liquidation price is $23.6, with a position size of roughly $26.81 million, an average entry price of $31.2, and an unrealized loss of $7.7 million (-143.6%).
Additionally, the largest HYPE long position is held by a “HYPE Bull” whale. This whale has an unrealized loss of $19.77 million (-294%), a position size of around $33.61 million, an average entry price of $38.6, and a liquidation price of $20.65. The address previously established a large long position ahead of Robinhood’s October 23rd announcement that it would launch HYPE spot trading.
3 minutes ago
The current mainstream CEX and DEX funding rate display shows that the market continues to remain predominantly bearish.
**December 18**
Per Coinglass data, funding rates across major centralized (CEX) and decentralized (DEX) exchanges signal an overall bearish market for leading crypto assets. Specific funding rates for mainstream coins are outlined in the accompanying chart.
**BlockBeats Note**:
Funding rates are fees set by crypto exchanges to align perpetual contract prices with underlying asset values. They represent a fund transfer between long and short traders—**no charge is applied by the platform itself**. The rate adjusts traders’ holding costs or profits to keep contract prices close to spot values.
**Benchmark Context**:
- 0.01% = benchmark rate
- >0.01% = bullish market sentiment
- <0.005% = bearish market sentiment
### Key adjustments for American English/financial news style:
1. **Conciseness**: Replaced wordy phrases (e.g., "according to" → "per"; "maintain balance between" → "align...with")
2. **Structure**: Used bullet points for benchmark rules (easier to scan,
3 minutes ago
Trump and his advisors privately discuss the possibility of a "third term"
**December 18 — Per a Wall Street Journal report, former President Donald Trump recently met with prominent attorney Alan Dershowitz at the White House to discuss the possibility of staying in office after the 2028 election and pursuing a third presidential term.**
Dershowitz, who advised Trump during his first impeachment, submitted a book draft to Trump titled *Can President Trump Serve a Third Term Under the Constitution*—it explores hypothetical paths to circumvent the U.S. Constitution’s 22nd Amendment, which explicitly limits presidents to two elected terms. Trump expressed interest in reading the draft and asked for Dershowitz’s take on the legality of a third term.
In an interview, Dershowitz noted the Constitution is not “entirely clear” on the issue, framing it as more of an “academic and intellectual discussion.” He doubts Trump will actually govern or run for a third term before 2032.
One scenario Dershowitz put forward: If the Electoral College fails to secure the
3 minutes ago
Coinbase Launches Custom Stablecoin Solution, Accessible via Coinbase's Global Distribution Network
On Wednesday, December 18, Coinbase announced during a press conference the launch of a custom stablecoin service enabling enterprises to create branded stablecoins—hosted by Coinbase and fully backed 1:1 by collateral assets.
Key benefits include:
- Yield tied to usage and transaction activity
- Seamless cross-chain interoperability
- Access to Coinbase’s global distribution network
3 minutes ago
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