The cryptocurrency market has recently erupted with significant disagreements.

On one side is the bullish camp firmly cheering, believing that Bitcoin can reach $1 million by 2026. Their reasons sound convincing: increasing expectations for ETF approval, continued rally after Bitcoin halving, institutional investors quietly adding positions... If the 200 million retail investors in the US stock market could directly buy spot Bitcoin, the impact would indeed be substantial.

On the other side are seasoned veterans pouring cold water. They focus on on-chain data, noticing that large holders have been quietly selling off recently, suggesting the liquidity cycle might be reversing. These analysts warn not to be blinded by the bubble; many institutional funds are pulling out now.

This debate has also extended to new projects. A project called DOGE BALL has gone viral—its name is a meme, combining the popularity of Dogecoin, claiming to be a crossover product of metaverse and sports competition. During the pre-sale phase, expectations of a 4900% increase were hyped, causing a stir in overseas communities. Some see it as a new trend, while others say the scheme is old and tired.

Honestly, this scene resembles a performance by Wall Street analysts and blockchain veterans on stage. The former trust the certainty brought by regulation and scale, while the latter believe in data and cyclical patterns. Both sides have logic and supporting data.

But it must be admitted, a 4900% return sounds like hitting the lottery. Especially during the pre-sale phase, the possibility of market manipulation by the big players is high. Ordinary investors who want to participate should do their homework—don't be blinded by the lure of high returns.

Returning to the long-term prediction of Bitcoin, both bullish and bearish analysts agree on one key point: the outcome in 2026 will largely depend on policy and institutional attitudes over the next two years. ETF approvals, regulations, macroeconomic environment... these variables are all influencing the price trend.

The question now is: do you think this is a good opportunity to buy the dip in BTC, or should you wait and see a bit longer?