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CryptoQuant: Bear Market May Have Started, Mid-Term Support Level Expected at $70,000
BlockBeats News, December 20, On-chain analysis firm CryptoQuant released a report stating that Bitcoin demand growth has significantly slowed, signaling a possible bear market ahead. Since 2023, Bitcoin has experienced three major on-chain demand surges—driven by the launch of a U.S. spot ETF, the outcome of the U.S. presidential election, and the Bitcoin Treasury Company bubble—but since early October 2025, demand growth has been below the trend level. This indicates that much of the new demand in this cycle has already materialized, and a key pillar of price support has disappeared as a result.
On the other hand, the derivatives market has also confirmed a weakening risk appetite: the funding rate of perpetual futures (365-day moving average) has dropped to the lowest level since December 2023. Historically, such a decline reflects a decreased willingness to maintain long positions, a pattern that typically occurs in a bear market rather than a bull market.
Technically, the price structure has deteriorated along with weak demand: Bitcoin has fallen below its 365-day moving average, a key long-term technical support level that has historically served as a dividing line between bull and bear markets.
However, downside references indicate a relatively small bear market magnitude: Historically, the Bitcoin bear market bottom has aligned closely with the realized price, currently around $56,000, indicating a potential retreat of up to 55% from recent highs—the smallest retreat in history. The mid-term support level is expected to be around $70,000.
BlockBeats News, December 20, On-chain analysis firm CryptoQuant released a report stating that Bitcoin demand growth has significantly slowed, signaling a possible bear market ahead. Since 2023, Bitcoin has experienced three major on-chain demand surges—driven by the launch of a U.S. spot ETF, the outcome of the U.S. presidential election, and the Bitcoin Treasury Company bubble—but since early October 2025, demand growth has been below the trend level. This indicates that much of the new demand in this cycle has already materialized, and a key pillar of price support has disappeared as a result.
On the other hand, the derivatives market has also confirmed a weakening risk appetite: the funding rate of perpetual futures (365-day moving average) has dropped to the lowest level since December 2023. Historically, such a decline reflects a decreased willingness to maintain long positions, a pattern that typically occurs in a bear market rather than a bull market.
Technically, the price structure has deteriorated along with weak demand: Bitcoin has fallen below its 365-day moving average, a key long-term technical support level that has historically served as a dividing line between bull and bear markets.
However, downside references indicate a relatively small bear market magnitude: Historically, the Bitcoin bear market bottom has aligned closely with the realized price, currently around $56,000, indicating a potential retreat of up to 55% from recent highs—the smallest retreat in history. The mid-term support level is expected to be around $70,000.
Galaxy Research: Bitcoin Could Reach $250,000 by the End of 2027
PANews, December 20 – Galaxy Research has released 26 predictions for 2026, including: Bitcoin will reach $250,000 by the end of 2027; the market volatility in 2026 will be too high to predict, but there is still a possibility that Bitcoin will hit a new all-time high in 2026. The total market capitalization of internet capital markets on Solana will soar to $2 billion (currently about $750 million). At least one operational general-purpose Layer-1 blockchain will integrate a yield-generating application, thereby channeling value directly back to its native token.
PANews, December 20 – Galaxy Research has released 26 predictions for 2026, including: Bitcoin will reach $250,000 by the end of 2027; the market volatility in 2026 will be too high to predict, but there is still a possibility that Bitcoin will hit a new all-time high in 2026. The total market capitalization of internet capital markets on Solana will soar to $2 billion (currently about $750 million). At least one operational general-purpose Layer-1 blockchain will integrate a yield-generating application, thereby channeling value directly back to its native token.
The US Department of Justice has started to release documents related to the Epstein case, redacting information about thousands of victims and their families.
BlockBeats News, December 20, the U.S. Department of Justice began releasing investigation documents related to the Epstein case. The Department of Justice added a note on the webpage linking to the released documents, stating that it has made "every reasonable effort" to redact personal information of the victims, but warned that some information may have been inadvertently disclosed.
It is reported that Deputy Attorney General Branch wrote in a letter to Congress that during a comprehensive review of the files, the Department of Justice identified 1200+ victims and their families, and all related names and identity information have been legally removed. Branch stated earlier that day that hundreds of thousands of documents would be released on the 19th, but complete disclosure may still require "several weeks." (CCTV)
BlockBeats News, December 20, the U.S. Department of Justice began releasing investigation documents related to the Epstein case. The Department of Justice added a note on the webpage linking to the released documents, stating that it has made "every reasonable effort" to redact personal information of the victims, but warned that some information may have been inadvertently disclosed.
It is reported that Deputy Attorney General Branch wrote in a letter to Congress that during a comprehensive review of the files, the Department of Justice identified 1200+ victims and their families, and all related names and identity information have been legally removed. Branch stated earlier that day that hundreds of thousands of documents would be released on the 19th, but complete disclosure may still require "several weeks." (CCTV)
A whale lost 50 million USDT after being phished by a similar address.
BlockBeats News, December 20, according to Ember monitoring, a certain whale/institution withdrew 50 million USDT from an exchange 10 hours ago, and then tested a transfer of 50 USDT to the address he planned to transfer to.
A phisher generated an address with the same first and last 3 digits and transferred 0.005 USDT to him. Then, when the whale made the official transfer, he either directly copied the address from the recent transaction records, resulting in the entire 50 million USDT being transferred to the similar address generated by the phisher. The phisher quickly exchanged the 50 million USDT for DAI (to prevent it from being frozen), and then used all of it to buy 16,624 ETH. Subsequently, all of this ETH was laundered through Tornado.
BlockBeats News, December 20, according to Ember monitoring, a certain whale/institution withdrew 50 million USDT from an exchange 10 hours ago, and then tested a transfer of 50 USDT to the address he planned to transfer to.
A phisher generated an address with the same first and last 3 digits and transferred 0.005 USDT to him. Then, when the whale made the official transfer, he either directly copied the address from the recent transaction records, resulting in the entire 50 million USDT being transferred to the similar address generated by the phisher. The phisher quickly exchanged the 50 million USDT for DAI (to prevent it from being frozen), and then used all of it to buy 16,624 ETH. Subsequently, all of this ETH was laundered through Tornado.
A Whale Falls Victim to Similar Address Phishing, Loses 50 Million USDT
BlockBeats News, December 20th: According to Chainalysis, a certain whale/institution withdrew 50 million USDT from an exchange 10 hours ago and then sent a test transfer of 50 USDT to the address they planned to transfer to.
A scammer generated an address with the same first and last 3 digits and sent a transfer of 0.005 USDT to the whale. When the whale made the actual transfer, either by directly using the recent transaction record's address or by copying the address, the full 50 million USDT was transferred to the scammer's similar address. The scammer quickly converted this 50 million USDT into DAI (to prevent freezing), then bought all of it into 16,624 ETH. Subsequently, these ETH were all laundered through Tornado.
BlockBeats News, December 20th: According to Chainalysis, a certain whale/institution withdrew 50 million USDT from an exchange 10 hours ago and then sent a test transfer of 50 USDT to the address they planned to transfer to.
A scammer generated an address with the same first and last 3 digits and sent a transfer of 0.005 USDT to the whale. When the whale made the actual transfer, either by directly using the recent transaction record's address or by copying the address, the full 50 million USDT was transferred to the scammer's similar address. The scammer quickly converted this 50 million USDT into DAI (to prevent freezing), then bought all of it into 16,624 ETH. Subsequently, these ETH were all laundered through Tornado.
Galaxy Research releases 2026 annual forecast for the crypto market: Stablecoin trading volume may surpass the US ACH system
Jinse Finance reported that Galaxy Research released its annual forecast for 2026, stating that the market volatility of bitcoin in 2026 will be too great to predict, but the possibility of bitcoin reaching a new all-time high in 2026 still exists, and it is expected to reach $250,000 by the end of 2027. Other major predictions include: · Stablecoin trading volume may surpass the US ACH system in 2026; · The Solana ecosystem may continue to expand, and enterprise-level public chains will move from experimentation to real settlement; · The US market may see more crypto ETFs and institutional capital inflows; · On-chain payments combining DeFi, tokenized assets, and AI will further develop, and are regarded as an important driving force for the next stage of crypto infrastructure evolution.
Jinse Finance reported that Galaxy Research released its annual forecast for 2026, stating that the market volatility of bitcoin in 2026 will be too great to predict, but the possibility of bitcoin reaching a new all-time high in 2026 still exists, and it is expected to reach $250,000 by the end of 2027. Other major predictions include: · Stablecoin trading volume may surpass the US ACH system in 2026; · The Solana ecosystem may continue to expand, and enterprise-level public chains will move from experimentation to real settlement; · The US market may see more crypto ETFs and institutional capital inflows; · On-chain payments combining DeFi, tokenized assets, and AI will further develop, and are regarded as an important driving force for the next stage of crypto infrastructure evolution.
Galaxy Research releases 2026 forecast: BTC is expected to reach $250,000 by the end of 2027, and the total market value of privacy tokens will exceed $100 billions.
Deep Tide TechFlow news, on December 20, Galaxy Research released its 2026 cryptocurrency market forecast.
The report predicts that Bitcoin will reach $250,000 by the end of 2027, but believes that the market in 2026 will be too chaotic to predict accurately. Currently, the options market assigns equal probability to Bitcoin's price being $70,000 or $130,000 by the end of June 2026, and equal probability to the year-end price being $50,000 or $250,000.
Other key predictions include: at least one Layer-1 blockchain will have built-in revenue-generating applications; stablecoin trading volume will surpass the ACH system; decentralized exchanges will account for more than 25% of spot trading volume; the total market capitalization of privacy coins will exceed $100 billions; and the US will launch more than 50 spot altcoin ETFs and another 50 cryptocurrency ETFs.
Deep Tide TechFlow news, on December 20, Galaxy Research released its 2026 cryptocurrency market forecast.
The report predicts that Bitcoin will reach $250,000 by the end of 2027, but believes that the market in 2026 will be too chaotic to predict accurately. Currently, the options market assigns equal probability to Bitcoin's price being $70,000 or $130,000 by the end of June 2026, and equal probability to the year-end price being $50,000 or $250,000.
Other key predictions include: at least one Layer-1 blockchain will have built-in revenue-generating applications; stablecoin trading volume will surpass the ACH system; decentralized exchanges will account for more than 25% of spot trading volume; the total market capitalization of privacy coins will exceed $100 billions; and the US will launch more than 50 spot altcoin ETFs and another 50 cryptocurrency ETFs.
World Liberty Financial has put forward a proposal for WLFI Token Spending, sparking controversy
BlockBeats News, December 20th, World Liberty Financial has put forward a new proposal for WLFI token expenditure, intending to unlock up to 5% of the token supply to drive its U.S. dollar stablecoin USD1 partnership, but the proposal has stirred controversy within the community.
Some holders are concerned that the token expenditure may suppress the price and harm the interests of the remaining approximately 80% locked WLFI token holders, while supporters believe that the incentive measures are conducive to the long-term ecosystem value. World Liberty's token sale has previously raised about $550 million for the project, but the WLFI price has dropped by around 60% from its peak. (DL News)
BlockBeats News, December 20th, World Liberty Financial has put forward a new proposal for WLFI token expenditure, intending to unlock up to 5% of the token supply to drive its U.S. dollar stablecoin USD1 partnership, but the proposal has stirred controversy within the community.
Some holders are concerned that the token expenditure may suppress the price and harm the interests of the remaining approximately 80% locked WLFI token holders, while supporters believe that the incentive measures are conducive to the long-term ecosystem value. World Liberty's token sale has previously raised about $550 million for the project, but the WLFI price has dropped by around 60% from its peak. (DL News)
Galaxy Research predicts that the crypto market in 2026 will see bitcoin face unpredictable and significant volatility.
ChainCatcher reports that Galaxy Research has released its annual forecast for 2026, stating that the market volatility of bitcoin in 2026 will be too great to predict. However, there is still a possibility that bitcoin will reach a new all-time high in 2026, and it is expected to reach $250,000 by the end of 2027.
ChainCatcher reports that Galaxy Research has released its annual forecast for 2026, stating that the market volatility of bitcoin in 2026 will be too great to predict. However, there is still a possibility that bitcoin will reach a new all-time high in 2026, and it is expected to reach $250,000 by the end of 2027.
A user lost nearly 50 million USDT due to a "address poisoning" attack involving similar starting and ending characters.
PANews reported on December 20 that SlowMist founder Cosine tweeted that a user suffered from an address “poisoning” attack involving similar starting and ending characters, resulting in a loss of nearly 50 million USDT. X user @web3_antivirus stated that the user first sent a small test transaction to the correct address. A few minutes later, 50 million USD was sent to a malicious address copied from the transaction history (with the same first 3 and last 4 characters).
- Player address: 0xcB80784ef74C98A89b6Ab8D96ebE890859600819
- Poisoning address: 0xBaFF2F13638C04B10F8119760B2D2aE86b08f8b5
- Expected player address: 0xbaf4b1aF7E3B560d937DA0458514552B6495F8b5
PANews reported on December 20 that SlowMist founder Cosine tweeted that a user suffered from an address “poisoning” attack involving similar starting and ending characters, resulting in a loss of nearly 50 million USDT. X user @web3_antivirus stated that the user first sent a small test transaction to the correct address. A few minutes later, 50 million USD was sent to a malicious address copied from the transaction history (with the same first 3 and last 4 characters).
- Player address: 0xcB80784ef74C98A89b6Ab8D96ebE890859600819
- Poisoning address: 0xBaFF2F13638C04B10F8119760B2D2aE86b08f8b5
- Expected player address: 0xbaf4b1aF7E3B560d937DA0458514552B6495F8b5