Based on insights from IOSG's Jocy:

2025 Key Shift:

Market transitioned from retail speculation to institutional dominance.

Institutional holdings hit 24%; 66% of retail investors exited.

Bitcoin hit a record $126,080 despite a 5.4% annual decline.

ETFs saw $25B inflows, showing strong institutional accumulation.

2026 Outlook:

Short-term (3-6 months): Bitcoin range-bound ~$87K-$95K; institutions continue buying.

Mid-2026: Policy support could drive Bitcoin to $120K-$150K.

Late-2026: Election volatility may increase, but also present opportunities.

Risks & Drivers:

Risks: Delayed crypto legislation, ongoing sell pressure, election uncertainty.

Drivers: Policy advances, potential Bitcoin reserve expansion, and regulatory clarity.

Overall: 2025 marked crypto’s institutional acceleration, setting the stage for 2026’s policy-influenced cycles.

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