Hyperliquid Short Squeeze Underway: BTC Long Whale Cools Off by Nearly 50%, ETH Short Interest Doubles Longs

December 26 — Trader Eugene Ng Ah Sio said in a post on his personal channel he’s taken long positions in Bitcoin and some small-cap altcoins. With almost everyone on holiday break — even big whales sidelined and not taking the bait — Bitcoin failed to break below $84k. Market volume has dried up completely, and sellers are worn out. A few big buyers stepping in would easily push through the thin order book. “There’s solid upside for longs below $90k, with a clear stop-loss. I’d rather test the waters here now than hesitate at $95k or even $100k. Also, January’s historically super volatile, and I’m betting volatility will pick up once December wraps up.”

On December 26, Christopher Aaron—chief analyst and founder of iGold Advisor—announced that the fourth major turning point in the Dow-Gold Ratio has arrived. This signal indicates gold is poised for several years of sustained growth, while holders of stocks in indices like the Dow Jones Industrial Average (DJIA) and S&P 500 may face years of losses. Note: The Dow-Gold Ratio measures the number of ounces of gold required to buy one share of each of the 30 components in the DJIA. Based on average trend data from the prior three key turning points (1930–1933, 1968–1980, 2002–2011), the DJIA is expected to decline 90.5% relative to gold over a 9.3-year period. Aaron also noted that the fourth turning point in the Dow-Gold Ratio may be the most critical trend break in the pair’s history, and the DJIA’s decline relative to gold could exceed the average of the three prior cycles. Source: Jinse

**December 26 Update** At 9:00 AM ET, GMGN monitoring (via [link]) reported the top wallet for Solana meme coin “67” (H4s6) dumped all 20.1 million of its tokens in a single block, triggering a flash crash. The coin’s price plummeted 74% in minutes—from $0.019 to a low of $0.005—before rebounding to ~$0.014 as of press time. Trading data shows the wallet initially purchased $514,000 worth of “67” at an average price of ~$0.0246. It sold the entire holding at an average of $0.0107, realizing a **$290,000 loss (56.1% drawdown)**. The sell-off cleared all buy orders in the $0.005–$0.019 range to exit quickly.

OFFICIAL: Binance Wallet to Airdrop Binance Alpha Today (Dec 26) at 9:00 PM UTC+8 Per official sources, Binance Wallet will distribute Binance Alpha via airdrop on December 26 at 9:00 PM UTC+8. **Eligibility**: Users holding at least 240 Alpha points may claim the airdropped tokens on a first-come, first-served basis. The airdrop will run until the token pool is fully claimed or the event concludes. Further details will be announced separately.

On December 26, Trust Wallet officially confirmed that approximately $7 million in assets have been impacted. All affected users will receive full refunds, the team stated. Supporting affected users is the team’s top priority, and they’re actively streamlining the refund process. Additionally, the team is urging users of the affected v2.68 browser extension to take the following steps immediately: 1. Do NOT open the Trust Wallet v2.68 browser extension on your desktop—this keeps your wallet secure and prevents further issues. 2. Open Chrome’s extension panel by pasting this official shortcut into your address bar: chrome://extensions/?id=egjidjbpglichdcondbcbdnbeeppgdph 3. If the Trust Wallet toggle is still “On,” switch it to “Off.” 4. Click “Developer Mode” in the top-right corner. 5. Click the “Update” button in the top-left corner. 6. Verify the version is 2.69—this is the latest, secure version.

On December 26, the Lighter team announced that its zk circuits for perpetual and spot trading have completed an audit and are now officially open source. The team has released full verification code, enabling external parties to independently verify the authenticity and validity of every order, cancellation, and settlement operation on Lighter’s Layer 2 (L2) network on Ethereum. Developers can generate the ZkLighterVerifier via GitHub build scripts and perform consistency checks against the deployed Ethereum contracts.