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According to BlockBeats, the stablecoin market capitalization has exceeded $310 billion, marking a significant milestone with a 70% increase within a year. This growth is not merely another indicator of a cryptocurrency bubble but signifies a fundamental shift in the global use of digital assets.
The report highlights several key drivers behind the rapid expansion of stablecoins, including the widespread adoption of global payment applications, institutional demand, and the development of decentralized finance (DeFi). Additionally, various industry analysis models predict that, with broader integration of stablecoins by major financial institutions, the supply could reach $2 trillion by 2028. These forecasts are based on the expectation that stablecoins will evolve from transaction-focused tools to a more general digital cash layer, applicable in areas such as e-commerce, inter-company payments, and embedded finance. #MarketNews

Global crypto derivatives trading surged to record levels in 2025, underscoring the market’s rapid institutionalization and growing complexity. Total derivatives volume reached $85.7 trillion, averaging $265 billion per day, according to new data from CoinGlass.
The report highlights Binance’s continued dominance, the rising role of institutional hedging, and heightened systemic risks exposed by major liquidation events. #Volume #cryptomarketnews

CoinGlass noted that derivatives growth in 2025 was increasingly driven by institutional pathways, including:
Spot crypto ETFs
Options markets
Compliant futures products
This shift helped accelerate activity on Chicago Mercantile Exchange (CME), which had already overtaken Binance in Bitcoin futures open interest in 2024 and further solidified its role in 2025.
The derivatives market has steadily moved away from a purely retail-driven, high-leverage boom-and-bust model toward a more sophisticated mix of hedging, basis trading, and ETF-linked strategies. #CryptoNewss

Binance remained the clear leader in crypto derivatives trading, processing $25.09 trillion in cumulative volume during 2025 — roughly 29.3% of all global derivatives activity.
In practical terms, nearly $30 out of every $100 traded worldwide flowed through Binance, reinforcing its position as the industry’s primary liquidity hub.
Each recorded between $8.2 trillion and $10.8 trillion in annual derivatives volume. Combined, these four platforms accounted for 62.3% of total global market share, illustrating a high level of concentration among top venues. #cryptomarketnews

The $86 trillion surge in crypto derivatives volume marks a milestone for the industry, reflecting its evolution into a global financial market with institutional depth. At the same time, repeated liquidation shocks underscore the need for improved risk controls as leverage, complexity, and capital continue to scale.
As crypto heads into 2026, derivatives will remain central to price discovery — but also the primary channel through which volatility and systemic stress propagate. #MarketNews

CoinGlass warned that while derivatives markets have matured, they have also become more interconnected and fragile.
“Extreme events that erupted during 2025 imposed stress tests of unprecedented scale on existing margin mechanisms, liquidation rules, and cross-platform risk transmission pathways,” the report stated.
Deeper leverage chains, tighter correlations, and faster cross-exchange contagion mean that while liquidity has expanded, tail risks have grown alongside it. #CryptoNewss

The most severe stress test arrived in early October. CoinGlass estimates total forced liquidations in 2025 at approximately $150 billion, with a significant portion concentrated over just two days.
On Oct. 10 and Oct. 11, liquidations exceeded $19 billion, with 85%–90% coming from long positions, as traders betting on higher prices were rapidly wiped out.
CoinGlass linked the crash to heightened macro risk following trade policy headlines, including Donald Trump’s announcement of 100% tariffs on Chinese imports, which pushed markets into a sharp “risk-off” regime. #CryptoNewss

Despite explosive trading volumes, derivatives positioning remained volatile throughout the year.
Global open interest fell to a 2025 low of ~$87 billion after Q1 deleveraging
It then surged to an all-time high of $235.9 billion on Oct. 7
A sharp reset in early Q4 erased over $70 billion, roughly one-third of total open interest, in a rapid deleveraging event
Even after that shakeout, year-end open interest stood at $145.1 billion, still 17% higher than at the start of the year, highlighting the market’s growing scale despite repeated stress events. #MarketNews

Bitcoin’s long-term market fundamentals remain exceptionally strong in 2025, even as prices and investor sentiment weakened toward the end of the year, according to Phong Le, CEO of Strategy.
Speaking on the Coin Stories podcast on Tuesday, Le said Bitcoin’s recent price decline does little to change the broader investment thesis.
“The fundamentals of the market this year for Bitcoin couldn’t be better,” Le said, adding that he pays little attention to short-term price fluctuations. #strategy $BTC

Bitcoin reached an all-time high of $125,100 on Oct. 5, but has since dropped nearly 30%, trading around $87,700 at the time of publication, according to CoinMarketCap.
The price weakness has coincided with a sharp deterioration in market sentiment. The Crypto Fear & Greed Index has remained in “Extreme Fear” territory since Dec. 12, reflecting persistent caution among retail investors.
Despite the pullback, Le emphasized that Bitcoin’s price behavior is often difficult to interpret in the short term.
“Bitcoin does what it does,” he said. “When you’re an investor, you think about the long term of the asset class.”
Strategy Focuses on Long-Term Metrics Over Price Volatility
Le said Bitcoin investors should take a disciplined, data-driven approach when navigating short-term price movements.
“Bitcoiners should be fairly methodical and mathematical about it,” he said.
That philosophy underpins Strategy’s treasury strategy, which focuses on metrics such as mNAV — the company’s market value relative to the value of its Bitcoin holdings — rather than daily price swings.
Strategy currently holds 671,268 BTC, worth approximately $58.6 billion, making it the largest publicly traded corporate Bitcoin holder. According to Saylor Tracker, the firm’s mNAV recently fell below 1.0, trading near 0.93, as the company’s stock declined alongside Bitcoin.
U.S. Government Support Seen as Major Long-Term Tailwind
Looking beyond market cycles, Le highlighted what he described as unprecedented institutional and government support for Bitcoin in the United States.
“The U.S. government is fully supportive of Bitcoin like it’s never been before,” he said.
Le noted that both he and Strategy executive chairman Michael Saylor have been meeting with traditional banks in the U.S. and the UAE, where financial institutions are increasingly trying to understand how to integrate Bitcoin into their operations.
“If you think about what’s happening with traditional powers of the world — the U.S. government, the U.S. banking system — they are all getting on board with Bitcoin,” Le said. “That’s extremely bullish for this year and 2026.”
Strategic Bitcoin Reserve Still Unclear
In March, U.S. President Donald Trump signed an executive order formally establishing the Strategic Bitcoin Reserve and the U.S. Digital Asset Stockpile. However, a detailed implementation plan has yet to be confirmed.
Some analysts previously expected a clearer announcement in 2025. In September, Alex Thorn, head of firmwide research at Galaxy Digital, said there was “a strong chance” the U.S. government would officially announce the reserve this year.
Long-Term Outlook Remains Bullish Despite Short-Term Fear
While Bitcoin’s price and sentiment have weakened into year-end, Strategy’s leadership remains focused on structural adoption, regulatory progress, and institutional alignment rather than short-term volatility.
Le’s message to investors is clear: market fear may dominate headlines today, but Bitcoin’s underlying fundamentals continue to strengthen — potentially setting the stage for renewed growth beyond the current downturn. #marketcap $BTC

Le said Bitcoin investors should take a disciplined, data-driven approach when navigating short-term price movements.
“Bitcoiners should be fairly methodical and mathematical about it,” he said.
That philosophy underpins Strategy’s treasury strategy, which focuses on metrics such as mNAV — the company’s market value relative to the value of its Bitcoin holdings — rather than daily price swings.
Strategy currently holds 671,268 BTC, worth approximately $58.6 billion, making it the largest publicly traded corporate Bitcoin holder. According to Saylor Tracker, the firm’s mNAV recently fell below 1.0, trading near 0.93, as the company’s stock declined alongside Bitcoin. #Saylor $BTC

#BTC $BTC Looking beyond market cycles, Le highlighted what he described as unprecedented institutional and government support for Bitcoin in the United States.
“The U.S. government is fully supportive of Bitcoin like it’s never been before,” he said.
Le noted that both he and Strategy executive chairman Michael Saylor have been meeting with traditional banks in the U.S. and the UAE, where financial institutions are increasingly trying to understand how to integrate Bitcoin into their operations.
“If you think about what’s happening with traditional powers of the world — the U.S. government, the U.S. banking system — they are all getting on board with Bitcoin,” Le said. “That’s extremely bullish for this year and 2026.”