The landscape of the crypto world is quietly changing. As more trading funds enter the market, liquidity is significantly increasing, and a large amount of capital is poised to deploy. If Bitcoin can hold steady and experience a slow rise rather than a decline in 2026, a new bull market cycle could truly begin. Based on current momentum, $150,000 is not a dream, and $200,000 is also within the foreseeable range. The key still depends on whether the capital flow can maintain its heat and whether the overall market risk appetite can stay at relatively high levels.