Bitcoin to end four-year cycle, break out to new highs in 2026: Grayscale
Grayscale suggests Bitcoin's current pullback may be bottoming, predicting it will break the four-year halving cycle and reach new highs in 2026.Summary
Asset manager Grayscale believes Bitcoin's recent pullback might be bottoming out, arguing that the market is poised to disrupt the traditional four-year halving cycle, potentially setting new all-time highs in 2026. Indicators like elevated option skew suggest investors have hedged extensively for downside, though short-term recovery depends on reversals in futures open interest, ETF inflows, and long-term holder selling. While US spot Bitcoin ETFs saw significant net outflows in November, they have recently logged four consecutive days of inflows. Key catalysts for 2026 include the US Federal Reserve's interest rate decisions, with markets pricing in a rate cut, and progress on the Digital Asset Market Structure bill, such as the Senate's planned Responsible Financial Innovation Act, which could drive institutional investment.
(Source：Cointelegraph)