Bitget has launched the U-based MAGMA perpetual contract, with a leverage range of 1-20x

December 29: Bitcoin has staged a short-term rebound, breaking above $88,000, with its 24-hour decline narrowing to 0.14%, per HTX market data.

December 29: U.S. equities opened lower, with the Dow Jones Industrial Average (Dow) down 0.19%, the S&P 500 off 0.43%, and the Nasdaq Composite down 0.75%. Precious metals prices plummeted intraday, while mining stocks broadly opened lower. Among crypto-related stocks: MicroStrategy (MSTR) rose 0.29%; Coinbase (COIN) added 0.01%, Circle Internet Financial (CRCL) fell 1.24%; Sports Betting Technology (SBET) climbed 0.11%; BitMining (BMNR) gained 0.28%.

As of December 29th, Coinglass data shows Bitcoin (BTC) had a total net outflow of 1,706.50 BTC from centralized exchanges (CEXs) over the past 24 hours. Top three CEXs by outflow volume: - Kraken: 1,115.87 BTC - OKX: 426.06 BTC - Binance: 392.39 BTC Bybit led inflows with 509.45 BTC added to its platform.

December 29 — Per data from HyperInsight (tracked via their Telegram channel at t.me/HyperInsight), the "BTC OG Insider Whale" still holds **$740 million in long positions across BTC, ETH, and SOL**. Key metrics: - Unrealized losses now total **$54.5 million** (they briefly narrowed to $25 million during yesterday’s market uptrend). - The whale has paid **$3.2842 million in funding fees** to date. Breakdown of current positions: - **ETH long**: $594.75M position, entry price $3,147.39, unrealized loss $45.2M - **BTC long**: $87.38M position, entry price $91,506.70, unrealized loss $4.13M - **SOL long**: $62.82M position, entry price $130.19, unrealized loss $3.78M This version uses American English conventions (e.g., comma separators for large numbers, concise bullet points, natural phrasing like "still holds" instead of "continues to hold") and maintains all original data points.

On December 29, spot gold dropped 3% intraday and is currently trading at $4,394.83 per ounce. COMEX gold futures also plummeted 3% intraday, with current trading at $4,416.10 per ounce. (Golden Ten)

On December 29th, Coinglass data indicates that if Bitcoin drops below $86,000, the cumulative long liquidation intensity across major centralized exchanges (CEXs) will hit $565 million. Conversely, if Bitcoin breaks above $89,000, the cumulative short liquidation intensity for these mainstream CEXs will reach $918 million. BlockBeats Note: Liquidation charts do not specify the exact number of contracts at risk of liquidation or their total value. Instead, the bars on these charts represent how significant each liquidation cluster is relative to nearby clusters—i.e., its intensity. Thus, the chart illustrates the magnitude of impact when Bitcoin hits a specific price level. A taller "liquidation bar" means a more pronounced reaction will trigger due to a liquidity cascade once the price reaches that threshold.