Market Overview: The "Tax-Loss" Rebound As we enter the penultimate day of 2025, the global crypto market cap stands strong at $3.20 Trillion. The selling pressure from "tax-loss harvesting" (investors selling losing positions to lower taxes) has officially dried up. As a result, we are seeing a "relief bounce" across the board, especially in assets that were heavily sold off last week.
Bitcoin (BTC) Cementing $90k Support Bitcoin is trading comfortably at $90,300, successfully turning the previous resistance of $90k into support.
Technical: Analysts are focused on the Yearly Close. If BTC closes 2025 above $90,000 tomorrow night, it sets a highly bullish technical precedent for Q1 2026.
Dominance: BTC dominance is slightly dropping as capital rotates into high-cap altcoins.
Top Performers: Cardano (ADA) and Polkadot (DOT)—which were heavy targets for tax selling—are up 8-10% today as buyers step in to scoop up "discounted" assets.
DeFi Sector: Aave and Uniswap are seeing inflows as traders position for "Yield Farming" season in January.
Stablecoin Supply Hits All-Time High A very bullish signal has emerged: The total supply of stablecoins (USDT & USDC) on exchanges has hit a new historic peak. This indicates massive amounts of "dry powder" (cash on the sidelines) waiting to be deployed into the market as soon as the new year begins.
South Korea's "Crypto Tax" Delay Positive news from Asia: South Korea has officially announced another 1-year delay to their proposed crypto taxation laws. This has caused a spike in trading volume on Korean exchanges (Upbit, Bithumb), adding buying pressure to the global market.