In the past hour, total liquidations across the network reached $11.83 million, with $10.53 million from long positions, with $1.30 million from short positions. BTC liquidation $3.15 million, ETH liquidation $1.29 million.

According to Odaily Planet Daily, U.S. Securities and Exchange Commission Chairman Paul Atkins stated that the entire U.S. financial market is expected to migrate to blockchain technology, which underpins Bitcoin and cryptocurrencies, within the next two years. He previously stated that Bitcoin and broader crypto assets will become the underlying foundation of the global financial system in the coming years. (Forbes)

Odaily Planet Daily reports that Glassnode's latest weekly report points out similarities between the current market situation and the early stages of the 2022 bear market (also known as the crypto winter). ETF demand continues to weaken, with IBIT experiencing outflows for the sixth consecutive week, marking the longest streak of negative outflows since its launch in January 2024, with total redemptions exceeding $2.7 billion over the past five weeks. Derivatives data further confirms the decline in risk appetite. Open interest continued to decline between November and December, indicating a decrease in market risk tolerance, especially after the liquidation flash crash on October 10th. Perpetual contract funding rates remained largely neutral, only briefly turning negative, while funding premiums also fell significantly, suggesting a more balanced market environment and reduced speculation. Options market sentiment is cautious, with investors preferring to sell rather than chase gains. Earlier this week, as Bitcoin prices approached $80,000, put option buying dominated, but as prices subsequently stabilized, investor panic subsided, and funds flowed into call options.

According to data from TokenUnlocks, APT, LINEA, and CHEEL tokens will see significant unlocks next week. Specifically: Aptos (APT) will unlock approximately 11.31 million tokens at midnight Beijing time on December 12th, representing 0.83% of the circulating supply, worth approximately $19.3 million; Linea (LINEA) will unlock approximately 1.38 billion tokens at 7 PM Beijing time on December 10th, representing 6.67% of the circulating supply, worth approximately $11.1 million; Chelee (CHEEL) will unlock approximately 20.81 million tokens at 8 AM Beijing time on December 13th, representing 2.86% of the circulating supply, worth approximately $10.8 million; and BounceBit (BB) will unlock approximately 29.93 million tokens at 8 AM Beijing time on December 9th, representing 3.42% of the circulating supply, worth approximately $2.7 million.

According to data from Coingecko, as reported by Odaily Planet Daily, the total supply of the USDT stablecoin has surpassed 190 billion, currently reaching 191,099,037,578 (of which the circulating supply is 185,632,100,913), with a market capitalization of $185,929,020,830, both setting new all-time highs.