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HomeBlockchain• No parabolic bull market overshoot
• ETPs and DATs reshaping market structure
•...
• No parabolic bull market overshoot
• ETPs and DATs reshaping market structure
• A structurally bullish macro backdrop Grayscale expects new highs in 2026
GRAYSCALE FADES BITCOIN 4-YEAR CYCLE</p>
<p>In a new report, Grayscale argues the 4-year cycle may no longer apply due to:</p>
<p>• No parabolic bull market overshoot<br />
• ETPs and DATs reshaping market structure<br />
• A structurally bullish macro backdrop</p>
<p>Grayscale expects new highs in 2026