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#btc
The Big Picture
While Bitcoin is down 20% year-to-date (2026), many analysts argue the macro cycle isn't finished. There is a notable "valuation gap" between Bitcoin and physical gold (which has been hitting new records), leading some to predict a return to $100,000 by late 2026 as global liquidity shifts.
Summary: The market is "coiling." We are seeing strong institutional accumulation at these levels, but geopolitical risks are keeping a lid on a full-scale parabolic breakout for now