📅 October 31 | United States
As market enthusiasm cools after a volatile October, analysts maintain their bullish outlook for Bitcoin. Despite a temporary slowdown in institutional accumulation, experts project that 2026 will mark a massive resurgence, driven by new capital inflows, greater regulatory clarity, and the return of global risk appetite.
📖 According to data compiled by analysts at CryptoQuant and TD Cowen, accumulation levels in long-term wallets have stabilized, but show no signs of capitulation. In other words, institutional holders remain firm, although they are moderating the pace of purchases after reaching highs of $125,000 in early October.
The report highlights three key factors behind the current pause:
1. Macroeconomic pressure following statements by Fed Chairman Jerome Powell, which reinforced the restrictive tone regarding interest rates.
2. Liquidity movements towards Treasury bonds, taking advantage of yields close to 5%.
3. Technical adjustments in Bitcoin exchange-traded funds (ETFs), which seek to consolidate profits before the fiscal year-end.
However, the most relevant finding is that Cowen's projection model suggests a "significant reacceleration" by mid-2026, supported by increased institutional use of tokenized assets and an expansion of decentralized lending.
"The fundamentals haven't deteriorated; on the contrary, they're maturing. The current slowdown is a digestion of the previous growth," a market strategist told The Block.
In that sense, analysts compare this moment with historical patterns prior to major rallies, such as those observed in 2020 and 2023, when Bitcoin also went through consolidation phases before doubling its value in less than a year.
Experts point to the next major catalyst coming from the convergence of traditional finance and crypto assets, especially with the advancement of staking ETFs, bond tokenization, and stablecoin-based payment models.
Furthermore, the potential entry of new pension funds and global banks into the Bitcoin market — under clearer regulations — could unleash an even stronger accumulation cycle.
Even with a slight contraction in current liquidity, the total crypto market capitalization remains above $3 trillion, demonstrating that the ecosystem is in a stage of structural maturity rather than a speculative peak.
Topic Opinion:
This pause does not reflect weakness, but rather a transition toward an environment where Bitcoin is consolidating as a legitimate financial asset. 2026 could be the year where the institutionalization of the sector reaches its definitive turning point, provided the ecosystem maintains its focus on transparency, regulation, and genuine adoption.
💬 Do you think we're facing a simple pause or the end of the bull market?
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