“Fidelity’s global macro director, Jurien Timmer, has called the end of the latest bitcoin bull run, while highlighting gold’s continued bull market strength.”, — write: www.coindesk.com
Bitcoin has historically followed a repeatable pattern, and from both an analog and time-based perspective, the current cycle appears to be closely aligned with prior ones, Timmer argues.
The October all-time high near $125,000, reached after roughly 145 months of cumulative rallying, fits well within the framework. Bitcoin bear markets, often referred to as winters, typically last about a year, Timmer says. As a result, he sees 2026 as a potential “year off” for bitcoin following the conclusion of the latest halving driven cycle.
“While I remain a secular bull on bitcoin, my concern is that bitcoin may well have ended another four-year cycle halving phase, both in price and time,” Timmer wrote on X.
“If we visually line up all the bull markets, we can see that the October high of $125k after 145 months of rallying fits pretty well with what one might expect. Bitcoin winters have lasted about a year, so my sense is that 2026 could be a year off for bitcoin. Support is at $65,000 to $75,000.”
Timmer also highlights gold’s strong performance in 2025, contrasting it with bitcoin’s negative year, and does not expect a near-term mean reversion between the two assets.
Gold is firmly in a bull market, up roughly 65% year to date, outperforming global money supply growth, Timmer noted. He adds that during the recent correction, gold has held onto most of its gains, which he views as characteristic behavior of a bull market.
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence’s Token Security API averaged 717 million monthly calls year-to-date in 2025, with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch, the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B, while derivatives volume peaked the same month at over $4B.
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The sponsored level I ADR listing strengthens US investor access, settlement quality and market credibility, the company said.
- Metaplanet’s sponsored level I ADRs will trade over the counter under the ticker MPJPY starting Dec. 19.
- The ADRs will offer US dollar settlement, improved liquidity and standardized US market infrastructure without raising new capital.
- Metaplanet shares rose 6% in Tokyo trading to 443 yen ($2.80).
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