The price of Bitcoin has dropped back below 90,000, emotions have instantly frozen, and now no one dares to mention '100,000 by the end of the year'; Polymarket's probability is only 30%. However, institutions are not following this trend: Grayscale says the four-year cycle has already ended, Bernstein is eyeing 200,000 in 2027, and Morgan Stanley is even shouting for a bull run in 2026, while Halfwood Summer is too optimistic.
The reality is that funds are flowing into AI and gold; Bitcoin has to wait for next year's policies, liquidity, and the Trump trifecta to resonate before it can take off again. This week's focus is on the FOMC; a 25bp increase is already stable, but the market fears that Powell's remarks may lean hawkish, pushing down the rate cut expectations for 2026.
There are some bright spots in the funding:
MSTR has bet nearly 1 billion USD again, and has vowed to secure 2065;
BMNR continues to add ETH, although it has an unrealized loss of 3 billion, it is completely unfazed.
Altcoins are in a dire situation:
STABLE has plummeted, MON is getting weaker, and WET's public offerings are jumping around, directly backstabbing a group of people, with the primary market at freezing point.
Recently, there have been frequent reports of being robbed and phones being stolen, leading to asset liquidation tragedies—remember to uninstall apps, separate devices, and limit permissions when going out; be low-key about trading cryptocurrencies, and safety is always the most important.
