Bitcoin, Ethereum, and Binance Coin Core Market Trends and Judgments: BTC (approximately $87,500, 24h -0.5%): Weak fluctuations after Christmas, support around $87,000 - $89,000 is weak, $28.5 billion options expire on the 26th adding volatility. The "flash crash" in the Binance USD1 trading pair is a liquidity issue, not a real crash. Fear and Greed Index at 24, slight outflow of ETF funds, short-term wait-and-see, support at $85,000, resistance at $90,000. ETH (approximately $2,940, 24h -0.2%): Linked to BTC, trading range between $2,910 - $2,970. Layer2 ecosystem is active but on-chain TVL is stable, staking returns are stable, lacking independent catalysts. Key to watch is whether it can hold above $2,950; breaking below $2,900 or testing $2,850. BNB (approximately $845, 24h +0.3%): Platform ecosystem and new coin boosts provide support, volatility is less than the previous two. On-chain activities are stable. Support at $830, resistance at $860, strong correlation with platform operations and regulatory expectations. Overall: Liquidity is tight + sentiment is fearful, focusing on fluctuations in the short term, controlling leverage, and watching the flow of funds post-option expiration. Crypto Circle King Baidong's Quote: "Short-term wealth can ruin three generations, contracts can destroy a lifetime, holding coins makes descendants rich."
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Bitcoin's current price is $87,792.67, with a 0.95% increase in the last 24 hours. The 24-hour trading volume is $26.64 billion, and its market cap is $1.75 trillion.
"Christmas rally" fails to deliver in the crypto market: the liquidity crisis and the breakout battle of 2026
When the S&P 500 and gold toast at historical highs, Bitcoin stands alone at the $80,000 mark. This scene constitutes the most glaring divide in the financial market at the end of 2025. The "Christmas rally" that investors eagerly anticipated ultimately could not cross the invisible chasm between TradFi (traditional finance) and the crypto world. As of December 26, BTC was $87724.12, nearly 30% down from the historical high of $125,000 set in October; Ethereum has also lost the psychological barrier of $3000, struggling near its yearly low. Meanwhile, the three major U.S. stock indices refreshed their closing records, and spot gold first climbed above $4500/ounce, with an annual increase of up to 70%. There is no greater contrast than this.
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Caixin: The issuance and use of U cards in the domestic market comes with an additional layer of special legal risks.
On December 25, Caixin published an article titled "The U Cards Crazy Investment Flow on Xiaohongshu: The Secrets and Deadly Risks of Its Popularity." The article points out that users can use bank cards with Visa branding to make payments for services such as ChatGPT Plus subscriptions, with the fees charged through USDT in cryptocurrency wallets. This type of foreign bank card is commonly referred to as a "U card," which is a foreign bank card based on USD stablecoins for payments. The Caixin article also notes that the issuance and use of U cards domestically come with an additional layer of special legal risks. Whether this is a fleeting transitional product or holds the key to the future payment landscape remains uncertain.
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Hidden costs of transaction costs: friction costs of frequent transactions, psychological costs of decision fatigue, and opportunity costs of missing out on long-term trends.
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