According to Huoxun Finance on December 21, CoinAnk data shows that in the past 24 hours, the total liquidation amount for cryptocurrency futures contracts across the entire network reached $95.5321 million, including $54.4229 million in long positions and $41.1092 million in short positions. The total liquidation amount for BTC was $17.6118 million, and the total liquidation amount for ETH was $13.0919 million.

Huoxun Finance reported on December 21st that Jocy, founding partner of IOSG, posted on the X platform that 2025 will be the "worst year" for the crypto market. OG investors will experience three waves of selling, from March 2024 to November 2025, with long-term holders (LTH) collectively selling approximately 1.4 million BTC (worth $121.17 billion): The first wave (late 2023 - early 2024): ETF approval, BTC price dropped from $25,000 to $73,000; the second wave (late 2024): Trump's election, BTC surged towards $100,000; the third wave (2025): BTC will remain above $100,000 for an extended period. Unlike the single, explosive distributions of 2013, 2017, and 2021, this will be a multi-wave, sustained distribution. BTC has been consolidating at its high point for a year, a situation unprecedented in the past, with 1.6 million BTC (approximately $140 billion) remaining unmoved for over two years since the beginning of 2024. However, the other side of risk is opportunity. In terms of investment logic: short term (3-6 months): fluctuations in the range of $87,000-$95,000, with institutions continuing to build positions; medium term (first half of 2026): driven by both policy and institutions, with a target of $120,000-$150,000; long term (second half of 2026): increased volatility, depending on election results and policy continuity.

According to Odaily Planet Daily, Jocy, founding partner of IOSG, stated on the X platform that 2025 will be the "worst year" for the crypto market. OG investors will experience three waves of selling, from March 2024 to November 2025, with long-term holders (LTH) collectively selling approximately 1.4 million BTC (worth $121.17 billion): The first wave (late 2023 - early 2024): ETF approval, BTC price rose from $25,000 to $73,000; the second wave (late 2024): Trump's election, BTC surged towards $100,000; the third wave (2025): BTC will remain above $100,000 for an extended period. Unlike the single, explosive distributions of 2013, 2017, and 2021, this time it will be a multi-wave, sustained distribution. The price of BTC has been consolidating at its high point for the past year, a situation unprecedented in the past. BTC, which has remained stagnant for over two years, has decreased by 1.6 million coins (approximately $140 billion) since the beginning of 2024. However, this risk also presents an opportunity. From an investment perspective: Short-term (3-6 months): volatile trading within the $87,000-$95,000 range, with institutions continuing to build positions; Medium-term (first half of 2026): Driven by both policy and institutional investment, with a target of $120,000-$150,000; Long-term (second half of 2026): Increased volatility, depending on election results and policy continuity.

Huoxun Finance reported on December 21st that, according to CoinDesk, MapleFinance co-founder and CEO Sidney (Sid) Powell stated in an interview that traditional DeFi is "dead," and the future will truly be determined by on-chain capital markets. He believes that as institutions gradually move trading, clearing, and settlement on-chain, the traditional model relying on Wall Street intermediaries and infrastructure will be continuously squeezed out. "On-chain markets will swallow Wall Street," Powell pointed out. He noted that the early DeFi model, primarily focused on speculation and simple lending, will be replaced by more institutionalized, institution-oriented on-chain financial infrastructure. Future capital market activities will occur directly on public or permissioned blockchains, rather than going through traditional brokerages and investment banks for settlement.

According to Huoxun Finance on December 21, ARKInvest founder Cathie Wood predicts that inflation will be 0% by 2026, which she believes could be a "perfect year." After tariffs, the risk of government shutdowns, and hawkish comments from the Federal Reserve, the market may be underestimating the extent to which inflation is close to zero if oil prices and rents continue to fall.