If Bitcoin breaks through $86,000, the mainstream CEX aggregate short liquidation intensity will reach 9.12 billion

On December 19, Binance Alpha listed the new token zkPass (ZKP).

December 19 Jurien Timmer, Global Macro Director at Fidelity, said in a post on X that while he remains bullish on Bitcoin over the long term, the cryptocurrency may have completed its latest four-year halving cycle—both in terms of price and timing. Following 145 months of upward momentum, the $125,000 peak hit in October this year aligns largely with projections. Bitcoin typically sees a roughly one-year bear market, so 2026 could be a year of consolidation for the token, with support levels in the $65,000–$75,000 range. Timmer also highlighted gold’s robust performance in 2025, contrasting it with Bitcoin’s negative returns, and projected neither asset will experience mean reversion in the near term. Gold is currently in a strong bull market, up roughly 65% year-to-date and outpacing growth in the global money supply. During a recent pullback, gold retained most of its gains—a classic hallmark of a bull market.

On Dec. 19, Jurien Timmer, Global Macro Director at Fidelity, said in a post on X that while he remains bullish on Bitcoin long-term, the cryptocurrency may have already wrapped up its latest four-year halving cycle—both in price and timeline. After 145 months of growth, the $125,000 high Bitcoin hit in October this year aligned broadly with expectations, he noted. Bitcoin’s bear markets typically last around a year, so 2026 could be a “down year” for the token, with support ranging from $65,000 to $75,000. Timmer also highlighted gold’s strong 2025 performance, contrasting it with Bitcoin’s expected negative returns, and added neither asset is likely to see mean reversion in the near term. He pointed out gold is currently in a robust bull market: up roughly 65% year-to-date, outperforming global money supply growth, and holding most of its gains during a recent pullback—a classic hallmark of a bull market.

On December 19th, per Onchain Lens monitoring, Ethena Labs transferred 23.3 million ENA (≈$4.74 million) to FalconX 9 hours ago, likely for sale. The wallet currently still holds 123.4 million ENA, worth approximately $25 million.

On December 19, CryptoQuant shared data on social media showing Bitcoin’s demand frenzy is cooling off. This cycle has seen three waves of spot demand surges, with the latest appearing to be winding down. Since early October, demand has consistently stayed below trend levels, which could put downward pressure on prices.

December 19 — A new report from RWA.io underscores that while blockchain has spurred innovation, it has also created liquidity barriers blocking the free flow of capital across networks. As a result, tokenized real-world assets (RWAs) are increasingly fragmented markets rather than a unified financial system. The research found that even for the same underlying asset, identical or economically equivalent tokenized assets on different blockchains still have price gaps. Cross-network capital transfers also remain costly and complex. These inefficiencies hinder the market’s ability to self-correct via arbitrage and deliver efficient price discovery. A key outcome of this fragmentation is persistent price gaps for the same asset across chains. Economically identical tokenized assets often trade with 1-3% price differences across major networks. In traditional finance, arbitrage would quickly erase these gaps—but technical hurdles, costs, delays, and operational risks make cross-chain