On December 30, according to CoinDesk, Cantor Fitzgerald analyst Brett Knoblauch predicted in a recent report that Bitcoin may be in the early stages of a “crypto winter,” reflecting its four-year cycle pattern. The price could remain under pressure for several months and might even test Strategy’s average cost basis of approximately $75,000. However, unlike previous down cycles, this adjustment may not be characterized by large-scale liquidations or systemic crashes. Knoblauch stated that the market landscape is now being shaped by institutional participants rather than retail traders. He pointed out that the gap between token price performance and “underlying real progress” is widening, especially in areas such as decentralized finance (DeFi), asset tokenization, and crypto infrastructure.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Investment bank Cantor Fitzgerald predicts that 2026 may usher in a new round of "crypto winter," but institutional adoption continues to grow.
On December 30, according to CoinDesk, Cantor Fitzgerald analyst Brett Knoblauch predicted in a recent report that Bitcoin may be in the early stages of a “crypto winter,” reflecting its four-year cycle pattern. The price could remain under pressure for several months and might even test Strategy’s average cost basis of approximately $75,000. However, unlike previous down cycles, this adjustment may not be characterized by large-scale liquidations or systemic crashes. Knoblauch stated that the market landscape is now being shaped by institutional participants rather than retail traders. He pointed out that the gap between token price performance and “underlying real progress” is widening, especially in areas such as decentralized finance (DeFi), asset tokenization, and crypto infrastructure.