Bitcoin Beyond Halving: Why CoinEx Sees a More Selective, Institutional Crypto Cycle Ahead
CoinEx predicts a shift in the crypto market, moving beyond traditional halving cycles towards a phase driven by institutional investment and macro liquidity.Summary
CoinEx Research suggests the crypto market is entering a new era shaped by institutional capital, regulatory developments, and crypto-native infrastructure, rather than solely by the four-year halving cycle. They project Bitcoin could reach $180,000 by the end of 2026, but emphasize this is a probability-weighted outcome dependent on global liquidity and sustained easing of monetary policy. The firm highlights the importance of spot Bitcoin ETFs providing a structural bid, the changing composition of the derivatives market, and volatility compression as signs of a maturing market. CoinEx anticipates a more selective market for altcoins, favoring projects with real utility, and believes the future of centralized exchanges lies in providing access to decentralized finance while prioritizing usability and compliance. They also see potential in tokenized Treasuries and trade finance, while remaining cautious about tokenized private equity.
(Source：BeInCrypto)