In today’s briefing:
- Whale’s Digital Asset View: Bitcoin’s Cycle Position in 2026
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 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.
💡 Before it’s here, it’s on Smartkarma
Sign Up for Free
The Smartkarma Preview Pass is your entry to the Independent Investment Research Network
- ✓ Unlimited Research Summaries
- ✓ Personalised Alerts
- ✓ Custom Watchlists
- ✓ Company Data and News
- ✓ Events & Webinars
