Chinese crypto analyst Banmuxia said on Dec. 26 that Bitcoin's downside appears limited over the next one to two months, with a potential adjustment expected around March or April. He noted that a sharp drop below $80,500 or even to $71,000 could occur if ETF funds see significant outflows, though he described this as a low-probability scenario. Banmuxia added that Bitcoin's trading range has narrowed to an extreme level and a clearer directional move is likely soon.

Whale address pension-usdt.eth fully closed a 3x leveraged long position of 30,000 ETH on Dec. 26, worth about $87.5 million at an average entry price of around $2,967, Coinbob data show as cited by BlockBeats. The address frequently conducts short-term swing trades and opens full-position low-leverage longs in major assets such as BTC and ETH, with an average holding period of about 20 hours. Over the past 30 days, the address has realized profits of around $13.78 million, bringing total gains since October to $25.25 million.

Bitcoin traded above $89,000 on Dec. 26, rising 1.69% over 24 hours, HTX data show. The cryptocurrency broke through the $89,000 level during the session.

Bitcoin faces its largest annual options settlement on Dec. 26 at 16:00 UTC+8, with notional value of roughly $23.6 billion and max pain near $96,000, BlockBeats reports. Price has held between $85,000 and $90,000 ahead of expiry, with gamma hedging keeping volatility low during thin Christmas trading. After settlement, analysts cited by BlockBeats expect volatility to rise and see scope for a move above $90,000, with some eyeing $100,000 and a potential year-end rally.

Bitcoin climbed above $88,000 on December 26 and was quoted at $88,425 with a 24-hour increase of 0.8%, HTX data show. The price move highlights Bitcoin's latest intraday performance on the HTX trading platform, where the leading cryptocurrency continues to trade near the $88,000 level.

BTC OG Insider Whale added 208,000 SOL long positions worth about $27M overnight after a week-long pause, expanding total positions to roughly $61.82M while sitting on around $55.5M in unrealized losses, Coinbob's address monitoring showed on December 26. The whale's main holding is an ETH long of about $603M with $46.62M in paper losses at an average entry of $3,147, alongside loss-making BTC and SOL longs, making the account the largest ETH, BTC and SOL long on Hyperliquid with an overall position of about $742M. The "CZ rival" address holds an ETH long of roughly $166M with $15.54M in unrealized losses at a $2,947 entry and $2,690 liquidation, plus an XRP long of about $71.38M with $17.62M in losses and no position changes in the past week, ranking as the biggest XRP long and second-largest ETH long on Hyperliquid. The address pension-usdt.eth runs a 3x leveraged ETH long of about $87.57M at $2,967 entry with $1.47M in unrealized loss, "Ultimate Short" keeps a BTC short of about $43.76M with $12.06M in unrealized profit, and "Altcoin Short Army Leader" has closed 10 altcoin shorts this month, reallocating margin into HYPE spot plus a hedging short that has grown to roughly $7.8M.

Trust Wallet issued a security alert on December 26 confirming a vulnerability in its browser extension version 2.68, with on-chain analyst ZachXBT reporting that hundreds of users have lost at least $6 million. The wallet previously faced a WebAssembly flaw affecting new addresses created between November 14 and 23, 2022, resulting in about $170,000 in losses that were later fully reimbursed through a bug bounty process. MetaMask and Phantom were both impacted by the "Demonic" vulnerability in 2022 without known large-scale fund losses, while Chainalysis reported a surge in MetaMask user thefts in 2025 mainly linked to fake malware extensions and phishing. Phantom was named in a 2025 class-action lawsuit in the Southern District of New York over a $500,000 loss that the project has strongly denied, and Rabby Wallet suffered around $200,000 in crypto asset theft in 2022 due to an issue in its Rabby Swap feature rather than the plugin itself.

Whale investor Winslow Strong deposited 1,900 ETH ($5.59 million), 307 cbBTC ($26.93 million), and $14.7 million USDC to Coinbase about 8 hours ago, Onchain Lens data show. The combined deposit totaled approximately $47.22 million.

Uniswap governance approved the fee switch activation proposal on Dec. 26, BlockBeats reports. Following a two-day timelock, fee switches for Uniswap V2 and V3 will be enabled on the Unichain mainnet, triggering UNI token burns. The proposal calls for the destruction of 100,000,000 UNI held in the Uniswap Foundation treasury and introduces a protocol fee discount auction system designed to enhance returns for liquidity providers.