Senior analysts indicate that "2026 will not be the bull year as expected," and shared his predictions for Bitcoin.

Some analysts believe that the macroeconomic assessments suggest that the expectations for a significant easing of monetary policy next year are not optimistic.

Macro analyst Luke Gromen stated in his latest YouTube comment that he does not expect excessive monetary expansion next year.

Analysts point out that there is currently no widespread belief that governments and central banks will resort to "massive money printing" in 2026, while holding a cautious stance on Bitcoin's short-term outlook, but maintaining an optimistic view on its long-term prospects.

Gromen believes that the current economic system has a very high leverage ratio, and Bitcoin plays almost the role of equity in this environment, becoming the last effective "disguise" of liquidity. The analyst also noted that the rapid development of artificial intelligence and robotics technology is intensifying deflationary pressures, stating: "Any policy that does not involve massive liquidity injection will generate a tightening effect. This may manifest as a sharp decline in stock prices and Bitcoin prices."

Gromen believes that Bitcoin's price trend is structurally similar to high beta tech stocks, thus, the downside risks in the short term are greater than other factors. Against this backdrop, he clearly stated that he expects there will not be a monetary expansion that can be termed a "crazy bull" in 2026.

However, Gromen still holds an optimistic view on Bitcoin's long-term prospects.

Gromen pointed out that Bitcoin plays the role of equity in this highly leveraged and deflationary system, adding: "Many people have not yet viewed Bitcoin from this perspective. But I believe that in the coming months, this viewpoint will be accepted by a wider audience."