#比特币市场走势分析 After seeing Bloomberg Senior Analyst McGlone's prediction on Bitcoin's price trend for 2026, I felt it necessary to conduct a deeper analysis. From on-chain data, there are currently no clear bearish signals from large holders' positions or exchange inflows and outflows. However, the macro factors McGlone mentioned are indeed worth paying attention to, especially as the correlation between stock market performance and Bitcoin price has recently strengthened.

In my opinion, to determine whether Bitcoin will drop to $50,000 in 2026, a few key factors need to be considered: first, the impact of the Bitcoin halving cycle on supply; second, the level of institutional investor participation; and third, the direction of regulatory policies. All of these could have a significant impact on Bitcoin's price in the coming years.

Overall, although Bitcoin may face some pressure in the short term, it's still too early to predict the price three years from now. I will continue to monitor changes in on-chain data, especially the behavior patterns of long-term holders, to look for more valuable signals. For investors, it's important to remain rational and maintain a long-term perspective, while also practicing good risk management.