I lean toward 2026 being bullish or at least holding up okay (no 70% bear market dumps for BTC) but the real question is how bullish.
Some thoughts: - Who’s the buyer? - How high can we actually go? - Is this a new cycle high or just a complacency bounce? - How long do we really hold above $90k BTC? - How many trends or tokens can survive in that environment?
My base case: utility and majors get the love. There’ll be the odd memecoin or on-chain meta that runs, but real broad crypto adoption needs one thing... more liquidity.
Zoom out. We lost ~$1.2 Trillion in total crypto market cap in the past two months. That capital doesn’t return on narratives alone, it returns when market gives good enough opportunities based on liquidity and volume.
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I lean toward 2026 being bullish or at least holding up okay (no 70% bear market dumps for BTC) but the real question is how bullish.
Some thoughts:
- Who’s the buyer?
- How high can we actually go?
- Is this a new cycle high or just a complacency bounce?
- How long do we really hold above $90k BTC?
- How many trends or tokens can survive in that environment?
My base case: utility and majors get the love. There’ll be the odd memecoin or on-chain meta that runs, but real broad crypto adoption needs one thing... more liquidity.
Zoom out. We lost ~$1.2 Trillion in total crypto market cap in the past two months. That capital doesn’t return on narratives alone, it returns when market gives good enough opportunities based on liquidity and volume.