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.

According to Huoxun Finance on December 21, ARKInvest founder Cathie Wood predicts that inflation will reach 0% by 2026, which she believes could be a "golden 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 will approach zero if oil prices and rents continue to fall.

According to Huoxun Finance on December 21st, Alex Thorn, Head of Research at Galaxy Digital, stated on the X platform that Bitcoin remains bullish in the long term, and is expected to reach $250,000 by the end of 2027. The options market indicates that the short-to-mid-term trend in 2026 is highly uncertain, with a price range potentially between $50,000 and $250,000. Currently, the crypto market is still in a bear market, and downside risks remain for Bitcoin until it stabilizes at $100,000–$105,000. Nevertheless, with increased institutional participation, decreased volatility, and its strengthened hedging properties as "digital gold," Galaxy remains firmly bullish on Bitcoin's long-term prospects.