#Gate2025AnnualReportComing Bitcoin is still holding above US$88,000–US$90,000 as of December 22, but the market structure below that price is becoming increasingly fragile. Rising volatility, thinning liquidity, and fading demand suggest that the market may be shifting from a recent bull phase towards the onset of a bear market heading into January 2026.
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#Gate2025AnnualReportComing Bitcoin is still holding above US$88,000–US$90,000 as of December 22, but the market structure below that price is becoming increasingly fragile. Rising volatility, thinning liquidity, and fading demand suggest that the market may be shifting from a recent bull phase towards the onset of a bear market heading into January 2026.