Bitcoin pulls back to 90,000 USD, $370 million position liquidated, U.S. Senate cryptocurrency regulation bill draws attention

Source: TokenPost Original Title: December 12 Morning Podcast — Bitcoin Drops to $90,000, $370 Million Liquidated, Senate Regulations Under Discussion Original Link:

Market Overview

On December 12, 2025, the cryptocurrency market experienced a comprehensive correction. Bitcoin initially fell to $90,000, with major altcoins also declining. However, some exchanges with high proportions of short positions were liquidated, suggesting the possibility of a rebound.

Key Price Data:

• Bitcoin: $90,835 (down 2.31% daily)
• Ethereum: $3,195 (down 5.82% daily)
• Other major coins: Ripple (-2.62%), BNB (-2.85%), Solana (-3.23%), Dogecoin (-6.02%), Cardano (-9.92%), Tron (+0.59%)

Market Indicators:

• Total Market Cap: $3.09 trillion
• Bitcoin Market Share: 58.62%
• Ethereum Market Share: 12.47%
• 24-Hour Trading Volume: $145.8 billion

Derivatives Market Activity

Trading performance within 24 hours:

• DeFi Trading Volume: $16.9 billion (+9.01%)
• Stablecoin Trading Volume: $126.4 billion (+8.96%)
• Derivatives Trading Volume: $1.34 trillion (+14.77%)

Liquidation Scale Expanding

A total of $372 million in leveraged positions were liquidated during the same period, mostly from long positions, reflecting downward pressure in the market:

Exchange Liquidation Rankings:

1. Leading Exchange: $16.36 million (28.05%), of which 57.13% were shorts
2. Exchange: $12.63 million
3. Exchange: $10.87 million
4. Exchange: $9.83 million

Asset Liquidation Volumes:

• Bitcoin: $180 million
• Ethereum: $152 million
• Solana: $25.76 million

Policy Developments Continue

The US Senate advances discussions on the Cryptocurrency Market Structure Act, with frequent regulatory restructuring actions:

• CEOs meet with the White House
• SEC commissioners criticize existing regulations
• The CLARITY Act attracts attention, including exemptions from crypto registration requirements and redefinition of SEC and CFTC regulatory scopes

Institutional Movements and Technical Progress

• JP Morgan issues corporate commercial paper on Solana
• A compliant platform launches a cross-chain bridge solution based on Chainlink CCIP
• The overall market has not realized losses exceeding $350 billion; short-term volatility risks remain

Domestic Market

The Bitcoin-to-Korean-Won exchange rate is approximately 133.7 million KRW, with the Kimchi premium index at neutral or slightly positive levels.