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Foresight News reported, according to The Block, that U.S. Senator Cynthia Lummis will not seek re-election, with her term ending in January 2027. She has long been involved in congressional-level crypto regulatory legislation and has worked with Kirsten Gillibrand to promote the establishment of a digital asset regulatory framework, clarifying the regulatory roles of agencies such as the SEC and CFTC. The related legislation is still being advanced in the Senate Banking Committee and Agriculture Committee, and will subsequently require a vote by the full Senate and coordination with the House version.

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.

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.