Bitcoin repeatedly hovers around the $86,000 mark, having retraced over 30% from the October high. Ethereum is fluctuating narrowly around $2,930, and mainstream coins are all under pressure. This situation is actually easy to understand—by the end of the year, funding is generally tight, liquidity has dried up, amplifying volatility, and ETF funds are also gradually flowing out.

Interestingly, long-term bullish players like MicroStrategy are actually increasing their holdings, and institutional attitudes are quite polarized. Optimistic voices say BTC could surge to $150,000-$250,000 by the end of the year, while cautious analysts warn that prices could dip toward $56,000, and some even propose an extreme target of $10,000.

Looking ahead, if policies like the 《CLARITY Act》 are actually implemented and a clear regulatory framework is established by 2026, it could become a key turning point for the market. The current strategy? Keep an eye on BTC’s support level at $86,000 and ETH’s $2,900 threshold. In this low-volatility stalemate, controlling your position and waiting for changes is much smarter than rushing to make moves.