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BlockBeats News, December 29th, Bloomberg Intelligence's Senior Commodity Strategist Mike McGlone warned in a post that the price of Bitcoin could fall to $50,000 in 2026 and could even drop another 90% to $10,000. Mike McGlone stated, "Bitcoin was the first cryptocurrency in 2009. But now it has millions of digital asset rivals. In contrast, gold has only three competitors — silver, platinum, and palladium. He predicts that by 2026, the price of this key precious metal will rise another 10%, trading above $5,000 per ounce." Mike McGlone said that 2026 will be a bad year for all asset classes. The surge in the price of gold relative to other assets "may signal a pullback in the U.S. stock market in 2026, with crude oil, copper, silver, and all risk assets facing headwinds."

ChainCatcher reported that CryptoQuant analyst @Darkfost_Coc stated that during bitcoin's surge, the total open interest in contracts across the network increased by $2 billion. According to @Darkfost_Coc, when this situation occurs, price volatility usually lasts for a very short time. Leveraged positions are often temporary, which typically hinders the market from establishing a healthy bottom, thus being unfavorable for a sustainable bull market reversal.

BlockBeats News, December 29th, CryptoQuant analyst @Darkfost_Coc stated that during this morning's Bitcoin surge, the total network contract holdings increased by $2 billion. @Darkfost_Coc said that in such situations, price fluctuations tend to be short-lived. Leveraged positions are often temporary, which typically hinders the market from forming a healthy bottom, thus not conducive to a sustainable bullish reversal.