Bitcoin 
$86,989.86Challenging the long-standing “four-year cycle” narrative of Grayscale Researchpredicts that new all-time highs could be seen in 2026. The company emphasized that investors should remain patient, arguing that the current correction period will not turn into a multi-year bear market.
“The Understanding of the Four-Year Cycle Has Changed”
Grayscale published on Monday. in the report BitcoinIt was stated that the view that , historically, entered a deep correction after peaking every four years is no longer valid. According to analysts, the current market structure has a fundamentally different dynamic from previous cycles. BitcoinIt was pointed out that this time, it acted in a market largely driven by corporate funds, not individual investors.
Grayscale noted that the price had fallen 32 percent since the beginning of October, but that this was not typical. bull market He stated that it should be seen as a correction. The company stated that historically, even pullbacks above 25 percent do not mean the end of uptrends, but are part of market health.
The report also pointed out that macroeconomic conditions are supportive for Bitcoin. Possible interest rate cuts from the Fed and bipartisan cryptocurrency It was emphasized that the progress of the laws may increase risk appetite again in the 2025-2026 period.
CryptoAppsy According to data, Bitcoin is being bought and sold just above $ 87,000, with an increase of 0.59 percent in the last 24 hours at the time of writing. Data reveals that the largest cryptocurrency has fallen by 0.80 percent in the last 7 days and 21.33 percent in the last 30 days.
Emphasis on Corporate Structure
Grayscale emphasized that institutional capital has gained weight in the current market structure, so price movements do not repeat the “parabolic rise” patterns of past cycles. ETF‘s and cryptocurrency treasures It was mentioned that institutional funds entering the system through the channel reduced price volatility and created the basis for a more sustainable rise.
BitMine CEO shares the same opinion Tom Lee He also stated that the price declines in the market contradict fundamental indicators such as in-Blockchain data and wallet numbers. X In his statement via: “As the fundamentals progress, the decline in prices will balance the risk-return balance with Bitcoin and Bitcoin.” Ethereum 
$2,804.64 “It turns it to your advantage,” Lee said. CNBCIn an interview with , he said that Bitcoin could reach new peaks by January 2026.
Grayscale’s analysis reveals that Bitcoin’s future performance depends not only on supply-demand cycles but also on the speed of institutional integration in the financial system. In this context, the company argues that it has entered a period in which the market is no longer shaped by four-year periods, but by more complex economic and political variables.
