#比特币与黄金战争 $BTC $ETH $BNB

The market during Christmas week, to put it simply, is just two words—**boring**. Bitcoin is stuck tightly in a narrow range between 86.5K and 89K, with no significant movement over the past three days. Ethereum is even worse, dropping below $2900 directly. Looking at the candlestick chart, it’s as flat as an ECG, with trading volume hitting a six-month low. Who can stand this?

The root cause is not complicated: **cliff-like liquidity during the holiday + options expiration**. Western market makers are on holiday, market depth plummets, no one dares to trade, and volatility drops so low you could fall asleep at your computer.

But from another perspective, what is this? It’s **shakeout**. From the high of $126,000 down to now, a nearly 30% decline, just enough to clear out those retail traders holding full leverage. Now, funding rates have returned to neutral, the market has finally cooled down, and spot buyers have a chance to step in.

The real logic lies here—institutional funds. Bitwise predicts that in 2026, the capital inflow into Bitcoin ETFs will surpass the new supply added that year. Grayscale is even more direct, targeting a Bitcoin price of $130,000 to $150,000 in 2026. Is this retail frenzy? No, this is compliant capital on Wall Street entering in an orderly manner, and crypto assets are officially being included in institutional asset allocation lists.

On-chain data also tells the story: active addresses have decreased by 22%, but long-term holders are increasing their positions against the trend. On the surface, it looks dead, but underlying activity is extremely hot.

Stop complaining about the Christmas dip. This wave of volatility is very likely the **last discount window before institutions take over**. $87,000 seems boring? That’s the final golden spot to get in. Miss today’s boredom, and by 2026, when institutions push the price to $150,000, you’ll just be watching helplessly.