whale

帖子黄色下横线点进去无限♾️循环 🔄 This is not the peak of a cycle, but the starting point of a new cycle. The year 2025 marks the acceleration of the institutionalization process in the crypto market. Although BTC's annual return is negative, ETF investors show strong HODL resilience. On the surface, 2025 appears to be the worst for crypto, but in reality: it has the largest scale of supply turnover, the strongest institutional allocation willingness, the clearest policy support, and the most extensive infrastructure improvement. Although the price has dropped by 5%, ETF inflows have reached $25 billion, optimistic about the market in the first half of 2026. Key points for 2026 include: legislative progress on market structure bills, the possibility of strategic Bitcoin reserve expansion, and policy continuity after the midterm elections. In the long term, the improvement of ETF infrastructure and regulatory clarity lays the foundation for the next round of increases. When the market structure fundamentally changes, the old valuation logic will fail, and new pricing power will be rebuilt. #比特币2026年价格预测