December 14th, ARK Invest founder Cathie Wood stated that during the 1011 flash crash, Bitcoin had the strongest liquidity of all crypto assets, usually being the first to be sold off and dragging down other currencies. Other currencies experienced larger price drops. With the relevant information already digested, the market may have bottomed out. Cathie Wood emphasized that Bitcoin represents a new global monetary system and asset class, serving as the preferred entry point for institutions into the crypto space and should be at the forefront of institutional asset allocation.Regarding Ethereum and Solana, Cathie Wood pointed out that the narrative is changing. Ethereum is the infrastructure of choice for institutions, building Layer 2 solutions on Ethereum. However, as the number of L2 solutions rapidly grows, whether it will be "commoditized" is still worth observing. Nonetheless, the Ethereum ecosystem continues to expand, and Ethereum is our second choice. Solana leans more towards a consumer-facing blockchain ecosystem and also has the potential to be part of institutional expansion in the future.In terms of asset allocation, Cathie Wood said that as flagship strategies cannot directly hold crypto ETFs, ARK mainly participates in the crypto industry layout in stock form, including Coinbase, Robinhood, and stablecoin-related company Circle, and holds a small amount of Ethereum and Solana exposure. Currently, crypto-related assets account for about 12%-13% of the portfolio, which is a relatively appropriate proportion.She added that the market is focusing on whether large traditional financial institutions (such as Morgan Stanley, Bank of America, Wells Fargo, UBS, etc.) will formally introduce Bitcoin through ETFs in this cycle, and this decision may become a key variable influencing the next stage of the market.

December 14, Bitwise advisor Jeff Park stated in a post that "the current market structure fundamentally does not favor a substantial price increase in Bitcoin. The reason is that, on the one hand, Bitcoin OG holders are still continuously selling, while on the other hand, demand from ETFs and institutional investors is slowing down."At the same time, Jeff Park emphasized that for Bitcoin to break out, it must return to significantly higher levels of implied volatility in a sustainable manner, especially upward volatility. In November, I stated, "It's either volatility or death," and shared the signal of the first anomalous breakout at that time. Finally, seeing volatility starting to rise again reignited some hope. However, disappointingly, implied volatility has once again been fully suppressed over the past two weeks. From a peak of 63% in late November, it has now fallen back to 44%."

December 14th, according to Hyperinsight monitoring, the "BTC OG Insider Whale" address's position has seen its unrealized loss expand to $19.26 million, including:· 5x long 175,994 ETH, opening price $3,173.34, liquidation price $1,954.90, unrealized loss $15.53 million;· 5x long 1,000 BTC, opening price $91,506.70, unrealized loss $2.21 million;· 20x long 25,000 SOL, opening price $137.53, unrealized loss $1.52 million.

December 14th, according to HyperInsight monitoring, "Whale Brother" Huang Lizheng reduced his holdings by 786 ETH, currently holding 3,144 ETH (9.69 million US dollars), with a current liquidation price of $3,042.74.

December 14th, according to Coinglass data, the entire network liquidated $55.71 million in the past hour, with $55.03 million in long liquidations and $0.67 million in short liquidations.

BlockBeats News Update: On December 14, according to HTX market data, Bitcoin dropped below $89,000 with a 24-hour percentage change of -1.62%.

December 14th, according to LookIntoChain monitoring, 4 days ago, Whale 0x76AB sold 1,654 ETH (worth $5.49 million) on the spot market and then took a high-leverage ETH long position.He conducted 3 transactions, with 2 of them resulting in losses, accumulating over $3.3 million in losses in just 4 days.

December 14th, according to LookIntoChain monitoring, a savvy trader "pension-usdt.eth" has switched from a long to a short position, taking a 3x leveraged short position on 1000 BTC, with a position value of approximately $89.6 million.The trader has currently achieved 7 consecutive winning trades, with total profits exceeding $22 million.

December 14th, according to Cointelegraph, Markus Thielen, Head of Research at 10x, stated that Bitcoin's four-year cycle still exists, but its main driving factors are no longer the halving, but rather political factors, liquidity environment, and the election cycle.Thielen pointed out that the market highs in 2013, 2017, and 2021 all occurred in the fourth quarter. He stated that these highs are more correlated with the presidential election cycle and broader political uncertainty, rather than closely related to the timing of Bitcoin halving, as the halving event has occurred at varying times on the calendar in different years.This year, against the background of the recent Fed rate cuts, Bitcoin did not regain strong momentum, as institutional investors have become the dominant force in the crypto market but with more cautious decision-making. With the Fed policy signals still wavering and overall liquidity tightening, the pace of fund inflows has visibly slowed down, weakening the momentum needed for price breakthroughs. Until liquidity significantly improves, Bitcoin is more likely to remain range-bound and sideways consolidated, rather than quickly entering a new parabolic uptrend.

December 14th, according to Cointelegraph's report, multiple macro analysts believe that if the Bank of Japan raises interest rates as expected on December 19th, Bitcoin may further correct to the $70,000 level. Analyst AndrewBTC stated that based on historical data, every rate hike by the Bank of Japan since 2024 has been accompanied by a Bitcoin price drop of over 20%, such as a drop of around 23% in March 2024, around 26% in July 2024, and around 31% in January 2025. If the Bank of Japan raises rates next week, similar downside risks may reappear.

December 14th, according to Coinglass data, if Bitcoin falls below $89,000, the cumulative long liquidation intensity on mainstream CEXs will reach $508 million.On the other hand, if Bitcoin surpasses $91,000, the cumulative short liquidation intensity on mainstream CEXs will reach $294 million.BlockBeats Note: The liquidation chart does not show the exact number of contracts to be liquidated or the exact value of liquidated contracts. The bars on the liquidation chart actually reflect the importance of each liquidation cluster relative to adjacent liquidation clusters, i.e., intensity.Therefore, the liquidation chart illustrates to what extent the price of the underlying asset will be affected when it reaches a certain level. A higher "liquidation bar" indicates that the price reaching that level will face a more intense reaction due to a liquidity cascade.

December 14th: Brazil's largest private bank asset management company, Itaú Asset Management, suggested in its year-end report that investors allocate 1% to 3% of their investment portfolio to Bitcoin. Itaú Asset Management's Beta strategy, led by Responsible Investment Officer Renato Eid, stated that using cryptocurrency as a complementary asset helps absorb the impact of currency depreciation and global volatility.

December 14th, according to on-chain analyst Ai Auntie (@ai_9684xtpa), the 24-hour contract trading volume of FOLKS on the Binance platform has surged to third place on the leaderboard, only behind BTC and ETH, reaching as high as $23.5 billion, with the current open interest (OI) standing at $29.83 million; Smart Money's contract positions on Binance are as follows:· Out of 294 Smart Money traders, 65% of accounts (191) have chosen to long, holding a total of $6.18 million, with an average entry price of $21.88;· Meanwhile, 35% of Smart Money accounts (103) hold short positions worth $2.57 million, with an average entry price of $15.64, mostly in a position of holding orders placed at the lows.

December 14th, ARK Invest founder Cathie Wood stated that ARK Invest reduced its holdings in Tesla stock as it approached its all-time high, and redistributed some of the profits into crypto assets.We tend to rebalance our portfolio in this manner when one stock is rising relative to others, while another stock is going through a "painful" moment.

December 14th, Ethereum treasury company BitMine's Chairman Tom Lee stated that BitMine has approached holding nearly 4% of Ethereum's total supply, and he believes the company will never sell these ETH. BitMine has been purchasing ETH at a faster rate.Tom Lee said, "If we were to stake these ETH now, it would generate over $1 million in daily net income."

December 14th, according to Onchain Lens monitoring, a whale has fully closed its 7x ETH long position, losing over $3.34 million.Overall, the whale has lost over $3.62 million.

December 14th, Glassnode co-founder Negentropic wrote, "The market is not afraid of tightening (rate hikes), but is afraid of uncertainty. The Bank of Japan's policy normalization has brought a clear expectation to the global funding environment, even though leverage will be under pressure in the short term.Yen carry trades have significantly contracted, and volatility implies opportunity. Bitcoin often strengthens after policy pressure is released, rather than before. With reduced chaos, signals are strengthened. This seems to be preparing for asymmetric upside risk."

December 14th, the probability of the prediction "Bitcoin will once again rise to $100,000 this year" on Polymarket is currently 25%. Furthermore, the probability of it rising to $110,000 again is currently 4%, and the probability of dropping below $80,000 is currently 22%.

December 14, according to Alternative data, today's cryptocurrency Fear and Greed Index dropped to 21 (yesterday was 23), and the market is still in a state of "extreme fear".Note: The Fear Index threshold is 0-100, including indicators: Volatility (25%) + Market Volume (25%) + Social Media Sentiment (15%) + Market Surveys (15%) + Bitcoin's Dominance (10%) + Google Trends (10%).

December 14th, On-chain data analyst Murphy stated that approximately $23.8 billion worth of Bitcoin options will expire on December 26th, covering quarterly options, yearly options, and large-scale structured products. This implies that the BTC derivatives market will experience a "concentrated risk exposure clearing and repricing" at the end of the year, where the price may be structurally constrained before expiration but uncertainty will increase post-expiration.From a data perspective, there is a significant amount of Open Interest (OI) stacking at the two closest positions to the current BTC spot price, which are: Put at $85,000: 14,674 BTC and Call at $100,000: 18,116 BTC. In terms of scale, this is not retail behavior but rather high-level long-term funds, most likely entities holding a large amount of BTC spot, such as ETF hedging desks, BTC treasury companies, large family offices, and so on.The Put at a $85,000 strike price is the buyer's "active party," reflecting a strong downside risk hedging demand in the market at that price level. Similarly, the significant Call OI stacking at a $100,000 strike price is not fundamentally "the market being bullish at this level," but rather long-term funds willing to relinquish upside potential at that price level in exchange for current certainty of cash flow and overall risk control. By buying Puts below and selling Calls above, the distribution of BTC returns is compressed within a tolerable range. With OI already highly formed, this $85,000–$100,000 option corridor will structurally influence the BTC price before December 26th, with "implicit upward suppression, passive buffering downward, and fluctuation in the middle range."