Bitcoin just hit a record high in October, and the entire market is buzzing with discussions of "reaching 200,000 this year."



In the blink of an eye, more than two months have passed, and the situation has changed—

BTC has fallen from its peak to over 86,000, a decline of more than 31%; ETH hasn't fared much better, dropping from over 3400 to 2800, also down more than 30%. Long-term holders are starting to sell off in large quantities, marking the most aggressive exit wave in over five years.

However, institutional voices are divided into two camps: Grayscale is shouting "BTC will hit new highs again in 2026," while Wall Street is more pessimistic, saying "2025 might end quite flat."

What will happen next? There are three possible scenarios, but one has the highest probability. If you want to see clearly, save this for reference, and just ignore the haters.
BTC1.43%
ETH2.12%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 4
  • Repost
  • Share
Comment
0/400
TokenomicsDetectivevip
· 10h ago
Oh no, should I buy the dip again or just keep lying flat? --- I don't believe the story about grayscale; what Wall Street says is useless. --- A 31% drop is really fierce, but it's not a big deal compared to the previous halving. --- What does it mean when long-term holders are fleeing? Retail investors should resist even more. --- The 200,000 dream hasn't been realized and has been shattered back to the original form. --- Both sides of the institutions are talking nonsense; only on-chain data is truly reliable. --- Let's wait and see if there's a rebound by the end of the year; I'm a bit anxious about entering now. --- This wave of selling is actually a good opportunity for a shakeout. --- If I had to choose, I bet on new highs in 2026, but only if I survive until then.
View OriginalReply0
BlockchainBardvip
· 12-18 17:29
A 31% drop isn't a big deal; just wait and see who will be crying next year.
View OriginalReply0
ShitcoinConnoisseurvip
· 12-18 11:56
Starting to tell stories again, a 31% drop is nothing; I've seen worse five years ago. Grayscale is going against Wall Street, showing that no one has confidence. What to hold? Let's wait until it drops to 50,000 before talking.
View OriginalReply0
OnchainDetectiveBingvip
· 12-18 11:55
Oh no, another round of "Shanzhai Coin Prophet" is about to appear Back to the plateau again, I've heard Gray's rhetoric so many times A 31% drop and they start cutting losses, just for the sake of "immediate pleasure" Wait, is Wall Street really going to turn bearish? This logic seems a bit off Long-term holders are exiting in large numbers, this thing is starting to look more and more like a prelude to scalp the leeks The key still depends on how institutions are positioning themselves; all this talk is just smoke and mirrors A 31% decline, I want to see how these people will speak three months from now Those still shouting for 200,000 probably have calmed down now, typical chasing highs and getting caught This drop might be either a shakeout or a real warning Ah, so annoying, starting the guessing game again Is institutional polarization a good thing or a bad thing? I’d love to hear some new perspectives
View OriginalReply0
  • Pin
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)