#比特币价格走势 After reviewing several Bitcoin forecasts for 2026, the data shows clear divergence. Galaxy Research believes that volatility is difficult to predict but the probability of new highs exists; Tom Lee provides a specific time window for breaking the all-time high before the end of January; and Arthur Hayes's logic is more aggressive — yen depreciation drives the dollar weaker, with Bitcoin targeting the million-dollar mark.

The key signals are actually at the macro level. If the Bank of Japan's interest rate hike policy truly advances, it will trigger reverse flows in arbitrage trading, shifting dollar liquidity expectations, which provides substantial support for risk appetite in crypto assets. The forecast that stablecoin trading volume will surpass the ACH system is also noteworthy — this indicates that on-chain settlement infrastructure is approaching the scale of traditional finance.

From a capital perspective, the continuous inflow into US institutional ETFs is an important reference for validating these predictions. It is crucial to monitor large on-chain transfers and exchange fund flows in early January, as these data often preemptively reflect market expectation adjustments. While volatility is high, structural opportunities tend to be clearer amid price fluctuations.