TechFlow news, on January 16, according to The Block, cryptocurrency exchange Kraken predicts that the crypto market will undergo significant adjustments by 2026, with the focus shifting from price volatility to infrastructure development. Thomas Perfumo, Kraken's global economist, noted that macroeconomic uncertainty colliding with institutional capital flows and increasingly tight market structures is reshaping the Bitcoin cycle. Perfumo stated that while Bitcoin remains the primary indicator of risk sentiment, demand, liquidity, and risk transmission channels have changed. Last year, spot Bitcoin ETFs listed in the U.S. and digital asset finance companies contributed nearly $44 billion in net spot demand. However, due to long-term holders supplying substantial tradable inventory, market performance fell short of expectations. Regulatory developments in the U.S. this year will reshape the form of on-chain liquidity. In the absence of a clear risk appetite backdrop, slowing momentum in institutional instruments and compressed premiums could limit Bitcoin’s upside potential.
Risk Disclosure: This website's content is not investment advice and offers no trading guidance or related services. Per regulations from the PBOC and other authorities, users must be aware of virtual currency risks. Contact us / support@techflowpost.com ICP License: 琼ICP备2022009338号
