The Kobeissi Letter notes the 10Y Note Yield slipped just 7 basis points even after markets posted the largest volatility spike since 2018 and shed $2.5 trillion in market cap.

According to @glassnode, the latest market move triggered the largest short-liquidation event across the top 500 cryptocurrencies since October 10 (source: Glassnode). Based on Glassnode’s data, the broad short liquidations imply mechanical buy-backs to close positions, elevating intraday volatility and warranting tighter risk controls for leveraged traders (source: Glassnode). Given the reported liquidation spike, traders should monitor derivatives metrics such as funding rates, open interest, and liquidation heatmaps to assess whether squeeze pressure persists or fades in the next sessions (source: Glassnode).

According to @santimentfeed, XRP Ledger whale transactions of $100K+ rose from 2,170 on Monday to 2,802 yesterday, a three-month high, source: https://twitter.com/santimentfeed/status/2009000906982133767 and https://app.santiment.net/s/niWVlAZD?utm_source=x&utm_medium=post&utm_campaign=x_xrp_whale_transactions_b_010726/&fpr=twitter. According to @santimentfeed, this spike in large transfers suggests XRP volatility should be higher than usual, source: https://twitter.com/santimentfeed/status/2009000906982133767. According to @santimentfeed, the whale threshold referenced is transactions valued at $100K or more, source: https://twitter.com/santimentfeed/status/2009000906982133767.

According to @cas_abbe, roughly $100M in short positions were liquidated, triggering forced buying that is propelling a price pump as bears are squeezed, pointing to an ongoing short-squeeze dynamic. source: @cas_abbe on X, Jan 2, 2026 This implies volatility has returned to crypto derivatives markets, elevating liquidation risk for leveraged short sellers and favoring momentum-driven moves in the near term. source: @cas_abbe on X, Jan 2, 2026

According to CrypNuevo, record levels of Bitcoin options expired on Friday, removing the range-pinning effect and setting up a volatility expansion over the next few weeks, source: CrypNuevo on X, Dec 28 2025. He expects a downside liquidity run to occur first as BTC breaks from the recent range, with more volatile price action likely before any sustained trend, source: CrypNuevo on X, Dec 28 2025.

According to The Kobeissi Letter, when the VIX jumps above 28.7, the S&P 500 has historically delivered strong 12-month returns, averaging +16% when the VIX was 28.7–33.5 between 1991 and 2022. Source: The Kobeissi Letter on X, Nov 23, 2025. For trading, this defines a macro risk signal that crypto market participants can also monitor alongside equities to contextualize risk appetite over a 12-month horizon, given the historically bullish equity backdrop highlighted by the source after such VIX spikes. Source: The Kobeissi Letter on X, Nov 23, 2025.

According to the source, Bitcoin (BTC) briefly fell below 82,000, coinciding with nearly 1 billion dollars in crypto derivatives liquidations within about one hour. The source reports this rapid wipeout as a high-impact, short-term volatility shock centered on the break below 82,000, underscoring immediate risk for leveraged BTC positions.

According to @AltcoinDaily, roughly $300 million in crypto positions were liquidated within 15 minutes on Nov 21, 2025, indicating a rapid leverage flush that can impact intraday liquidity for major pairs like BTC and ETH. Source: https://twitter.com/AltcoinDaily/status/1991774898109473089 The post did not specify asset breakdown or long-versus-short share; traders should confirm liquidation totals, open interest changes, and funding rate moves on neutral dashboards before adjusting risk. Sources: https://www.coinglass.com/LiquidationData, https://www.laevitas.ch Historically, liquidation cascades are associated with funding normalization, open interest drawdowns, and realized volatility spikes, which can create two-way trade setups around recent breakout levels and increase demand for short-dated options hedges. Sources: https://research.binance.com, https://insights.deribit.com