#数字资产市场洞察 Don't be blinded by the short-term speculation of individual cryptocurrencies; there are three main lines worth paying attention to at the beginning of 2026, as these are the significant matters that will determine the market rhythm.

**Article 1: The Federal Reserve's policy shift may accelerate the pace of interest rate cuts**

The candidate for the Federal Reserve chairman recommended by the Trump administration has gained a lot of attention in the expected market. This candidate is known for being dovish, and if they indeed take office, the Federal Reserve might accelerate the rate-cutting process next year. Coupled with the continuous signals of rate cuts released by the current board members, the liquidity environment could indeed see a turnaround in 2026. This is a generally favorable logic for commodities and risk assets.

**Article 2: Institutional Heavy Allocation, From Observing to Taking Action**

The Bitcoin holdings of the publicly traded company MicroStrategy have long been disclosed—over 670,000 coins. This year, other institutions have also been frequently accumulating Ethereum, with single purchases reaching millions. The substantial investment from these leading institutions indicates that they have switched from a "watching the market" mode to a "long-term allocation" approach. Institutional-level asset allocation often represents market expectations for the next six months to a year.

**Article 3: Regulatory framework takes shape gradually, clarity of rules improves**

The personnel adjustments in the U.S. crypto regulatory agencies are basically in place, with candidates who support industry development already appointed. The core legislation is expected to enter deliberation in January, which means that the long-standing issue of "unclear rules" that has troubled the market is likely to be resolved this year. The transition from disorder to order, from "barbaric growth" to a "compliance framework," often brings about a large-scale influx of institutional funds.

In summary: the combination of interest rate cut expectations, institutional accumulation, and clearer regulations are three overlapping factors. The cryptocurrency market in 2026 is gradually shifting from being dominated by individual retail investors to institutional allocation. Those who have made early investments can indeed reap substantial rewards.

What do you think? Among these three main lines, which one has the most profound impact on future trends?