Regarding next year's market outlook, a leading institutional research team recently released a market forecast for 2026, which is quite interesting.

Let's start with Bitcoin. How does the options market look now? By the end of June 2026, market expectations for BTC are polarized—there's a 50% chance it will be at $70,000, and a 50% chance it will be at $130,000. The potential range seems large, reflecting current uncertainty. What about by the end of this year? Again, two possibilities each with a 50% chance: $50,000 or $250,000. However, this broad range also indicates that short-term volatility risks still exist, especially before BTC firmly stabilizes above $100,000 to $105,000.

But looking further to the end of 2027, institutions expect BTC to reach $250,000. This shows a relatively strong long-term bullish confidence.

Besides Bitcoin, there are many other interesting predictions. For example, regarding Solana, it is expected that no inflation reduction proposals will pass in 2026. The current SIMD-0411 proposal will be directly withdrawn without a vote. The ratio of application revenue to network revenue is expected to double, indicating that the ecosystem's profitability could significantly improve.

The SEC might face quite a few troubles. Due to the innovation exemption policy, large traditional market institutions or industry organizations may oppose it, increasing litigation risks.

On-chain trading is expected to become more popular—it's projected to account for over 25% of the total spot trading volume. The weekly trading volume of the prediction platform Polymarket is expected to stay above $1.5 billion. Additionally, the US spot altcoin ETF market will have over 50 products, plus another 50 different types of crypto ETFs, leading to more compliant products in the ecosystem. All these signals suggest that traditional capital's interest in crypto assets is heating up.