As the year comes to an end, the Bitcoin market seems to have hit the pause button. As of 18:00 on December 30, BTC is priced at $87,392, with a daily decline approaching 3%, a significant retracement from the $126,000 all-time high reached in October. Wall Street research firm Cantor Fitzgerald recently commented that this correction could evolve into a "periodic winter," with a sideways cycle potentially lasting until 2026. However, market sentiment remains not overly pessimistic. Under the logic of "not crashing is winning," long-term holders continue to stand firm.

Major news has come from the policy side. The People's Bank of China announced that starting January 1, 2026, digital yuan wallet balances will officially start accruing interest. This move creates history—China becomes the first major economy to introduce an interest mechanism for central bank digital currencies (CBDC). Following the announcement, A-shares with digital currency concepts hit the daily limit, and the support signal from the "national team" is self-evident.

Institutional resilience continues to be demonstrated. According to the latest data, MicroStrategy currently holds 672,497 Bitcoins, with an overall holding cost of approximately $50.4 billion. Even amid the current correction, the company's 2025 book profit rate remains at a positive 23.2%. This "diamond hands" resolve is precisely where professional institutions differ from retail investors. Meanwhile, regulatory favorable developments in Hong Kong and Japan are also brewing, promising to inject new growth momentum into the industry.