Bitcoin Short-Term Rebound Surges Above $88,000

As of December 30, Coinglass data indicates total liquidated value across the crypto market over the past 24 hours hit $299 million—with $160 million in long positions liquidated and $139 million in short positions. Globally, 96,590 traders were liquidated in the same period. The largest single liquidation occurred on the Hyperliquid platform for BTC-USD, totaling $5.2354 million.

On December 29, Cantor Fitzgerald noted in its latest year-end report that Bitcoin could be entering a prolonged multi-month downturn, potentially setting the stage for an early "crypto winter" in 2026. Analyst Brett Knoblauch pointed out Bitcoin has retraced roughly 85 days from its recent peak, with prices likely to remain under pressure—possibly even testing the moving average around $75,000. Unlike prior cycles, this downturn is less likely to coincide with widespread liquidations or a systemic collapse. Cantor noted the current market is dominated by institutions, not retail investors, and the "divergence" between token prices and on-chain fundamentals is widening—especially in DeFi, tokenized assets, and crypto infrastructure. Cantor concluded that while 2026 may not necessarily bring a new bull market, the crypto industry’s institutionalization, compliance pathways, and on-chain infrastructure are solidifying as prices cool.

On December 29, an official announcement revealed that Sky Protocol repurchased 1.9 million USDS last week to acquire 29.3 million SKY tokens. Since the launch of its repurchase plan, the total amount repurchased has exceeded 96 million USDS.

**December 29th — Bitmine has officially partnered with three staking service providers to advance its commercial MAVAN (Made in America Validator Network), slated to launch in 2026.** As of December 28, 2025, Bitmine has staked 408,627 ETH—valued at roughly $1.2 billion based on an ETH price of $2,948—representing just a small fraction of its 4.11 million ETH holdings. The current Comprehensive Ethereum Staking Rate (CESR) stands at 2.81%. Fundstrat founder Tom Lee noted that if Bitmine’s entire ETH holdings were fully staked via MAVAN and its partners going forward, the annual staking yield would total approximately $374 million (using the 2.81% CESR), with daily earnings exceeding $1 million.

December 29th — Per Lookonchain data, trader address 0x94d3 sold 255 BTC (~$21.77M) to open a short position. Over the past 5 hours, the address has further expanded its short exposure, with additional positions including: - 1,360 BTC (~$119M) - 36,281 ETH (~$106M) - 348,215 SOL (~$43M) The account currently holds an unrealized loss of ~$1.03 million.

**December 29th – ETH CEX Flows (24hrs via Coinglass)** Total net inflow of ETH across centralized exchanges (CEXs) reached 32,400 in the past 24 hours, per Coinglass data as of December 29th. Top 3 CEXs by ETH inflow: - OKX: 12,500 ETH - Binance: 10,400 ETH - Bybit: 3,556.95 ETH On the outflow front, KuCoin led with a net withdrawal of 126.42 ETH.