Institutional-Grade Analysis, In-depth Insights, Animoca Brands Research

Animoca Brands Research

Institutional-Grade Analysis, In-depth Insights

Animoca Brands Corporation Ltd. is a Hong Kong-based game software company and venture capital company

Crypto

<ul><li aria-level="1">Generational regime change: We are entering the largest intergenerational wealth transfer in history (US$83.5 trillion), creating a massive onboarding opportunity for wealth managers to capture "Next-Gen" clients who view digital assets as essential.</li><li aria-level="1">In the US, Gen-Z is now four times more likely to own crypto (42%) than traditional retirement accounts (11%). </li><li aria-level="1">Challenges of traditional diversification: The 60/40 portfolio faces structural headwinds—driven by the positive correlation between stocks and bonds—forcing wealth managers to seek non-correlated returns. </li></ul>

Generational regime change: We are entering the largest intergenerational wealth transfer in history (US$83.5 trillion), creating a massive onboarding opportunity for wealth managers to capture "Next-Gen" clients who view digital assets as essential.In the US, Gen-Z is now four times more likely to own crypto (42%) than traditional retirement accounts (11%). Challenges of traditional diversification: The 60/40 portfolio faces structural headwinds—driven by the positive correlation between stocks and bonds—forcing wealth managers to seek non-correlated returns. 

The Evolution of the Multi-Asset Wealth Manager in the Digital Asset Era

Professional Crypto Market Analysis & Insights, BloFin Research

BloFin Research

Professional Crypto Market Analysis & Insights

BloFin Research focuses on crypto research and analysis, dedicated to providing institutional-grade insights into the digital asset market. Our work covers major crypto assets, market trends from a macroeconomic perspective, and industry-wide studies on key developments shaping the digital asset ecosystem.

<ul>
<li>In 2025, Bitcoin presents an apparent contradiction that has reignited debate around the validity of the 4-year cycle theory. Historically, the post-halving year has always seen strong positive returns.</li>
<li>In 2025, however, Bitcoin delivered a first-ever negative annual return in a post-halving year, breaking this long-standing belief. Yet, paradoxically, 2025 also saw Bitcoin reach a new all- time high, with the price peak occurring in Q4.</li>
<li>This is precisely in line with the prior cycle. In that sense, Bitcoin still followed the cycle, even though the path looked different from the past.</li>
</ul>


In 2025, Bitcoin presents an apparent contradiction that has reignited debate around the validity of the 4-year cycle theory. Historically, the post-halving year has always seen strong positive returns.
In 2025, however, Bitcoin delivered a first-ever negative annual return in a post-halving year, breaking this long-standing belief. Yet, paradoxically, 2025 also saw Bitcoin reach a new all- time high, with the price peak occurring in Q4.
This is precisely in line with the prior cycle. In that sense, Bitcoin still followed the cycle, even though the path looked different from the past.


Whale's Market Outlook 2026: Crypto Majors, Perp DEXs, and Prediction Markets

<ul><li>In this week’s global macro backdrop, investors are being forced to reassess the premium<br>behind “American exceptionalism”.</li><li>With the Trump administration initiating a criminal investigation into Federal Reserve Chair Jerome Powell, and raising tariffs on several European countries in the context of the Greenland sovereignty dispute, USD-denominated and USD- settled markets are facing a clearer rise in institutional risk.</li><li>This risk is not simply about frequent policy headlines; it reflects a weakening in the predictability of the rules themselves.</li></ul>

In this week’s global macro backdrop, investors are being forced to reassess the premium behind “American exceptionalism”.With the Trump administration initiating a criminal investigation into Federal Reserve Chair Jerome Powell, and raising tariffs on several European countries in the context of the Greenland sovereignty dispute, USD-denominated and USD- settled markets are facing a clearer rise in institutional risk.This risk is not simply about frequent policy headlines; it reflects a weakening in the predictability of the rules themselves.

<ul><li>2025 both broke and echoed the four-year cycle: it delivered an unprecedented negative return in the post-halving year, yet still produced a late-2025 peak consistent with historical rhythm.</li><li>Under traditional cycle theory, 2026 is viewed as a major bear-market year, and while we believe the four-year cycle narrative remains relevant, its impact is likely to be more moderated than in past cycles.</li><li>In 2026, Institutional demand provides consistent bid in a market where long-term holders are distributing their coins to them. It remains unclear which force will ultimately dominate, and the most likely scenario is that this year is still a tug-of-war between accumulation and distribution.</li></ul>

2025 both broke and echoed the four-year cycle: it delivered an unprecedented negative return in the post-halving year, yet still produced a late-2025 peak consistent with historical rhythm.Under traditional cycle theory, 2026 is viewed as a major bear-market year, and while we believe the four-year cycle narrative remains relevant, its impact is likely to be more moderated than in past cycles.In 2026, Institutional demand provides consistent bid in a market where long-term holders are distributing their coins to them. It remains unclear which force will ultimately dominate, and the most likely scenario is that this year is still a tug-of-war between accumulation and distribution.

Whale’s Digital Asset View: Bitcoin's Cycle Position in 2026

<ul><li>The O2O year: Massive off-chain assets are moving on-chain while on-chain services increasingly permeate off-chain applications. 2026 will be the year that on-chain &amp; off-chain quickly converge, and the boundary between on-chain and off-chain will soon disappear.</li><li>Perpification of everything: Perpetual futures, or Perps, have emerged as the star of digital asset trading. Following a year of everything tokenized, Perps are now poised to scale across every major asset class.</li><li>Crypto exchange vs. traditional brokers: Crypto exchanges are moving on-shore to provide universal asset coverage, while traditional brokers are expanding their offerings to include crypto and tokenized Real-World Assets.</li></ul>

The O2O year: Massive off-chain assets are moving on-chain while on-chain services increasingly permeate off-chain applications. 2026 will be the year that on-chain &amp; off-chain quickly converge, and the boundary between on-chain and off-chain will soon disappear.Perpification of everything: Perpetual futures, or Perps, have emerged as the star of digital asset trading. Following a year of everything tokenized, Perps are now poised to scale across every major asset class.Crypto exchange vs. traditional brokers: Crypto exchanges are moving on-shore to provide universal asset coverage, while traditional brokers are expanding their offerings to include crypto and tokenized Real-World Assets.

Digital Assets Outlook 2026 Where We Are as an Industry & Where We Are Heading

United States

Virtual currencies are decentralized, math-based digital assets in which transactions can be performed cryptographically without the need for a central issuing authority. The first specification and proof of concept of Bitcoin, the first widely used virtual currency, was published in 2009 based on a paper published pseudonymously by Satoshi Nakamoto.

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The Evolution of the Multi-Asset Wealth Manager in the Digital Asset Era

Generational regime change: We are entering the largest intergenerational wealth transfer in history (US$83.5 trillion), creating a massive...

Animoca Brands Research

Whale's Market Outlook 2026: Crypto Majors, Perp DEXs, and Prediction Markets

In 2025, Bitcoin presents an apparent contradiction that has reignited debate around the validity of the 4-year cycle theory. Historically, the...

BloFin Research

Whale's Tracking - Reassessment

In this week’s global macro backdrop, investors are being forced to reassess the premiumbehind “American exceptionalism”. With the Trump...

BloFin Research

Whale’s Digital Asset View: Bitcoin's Cycle Position in 2026

2025 both broke and echoed the four-year cycle: it delivered an unprecedented negative return in the post-halving year, yet still produced a...

BloFin Research

Digital Assets Outlook 2026 Where We Are as an Industry & Where We Are Heading

2026 will be the year that on-chain & off-chain quickly converge, and the boundary between on-chain and off-chain will soon disappear

Animoca Brands Research

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