I recently came across an in-depth research report on the 2026 crypto market, and some of its judgments are quite interesting.

The core idea is: Bitcoin may be bidding farewell to the classic "four-year halving cycle." This cycle has dominated the market for so many years, and now with a large influx of institutional funds and the popularization of traditional financial instruments like ETFs, the entire game is indeed changing.

The predictions for stablecoins are even more ambitious—by 2026, the total supply is expected to exceed $1 trillion. Considering it's only around $150 billion now, this growth rate suggests stablecoins will truly become the infrastructure for digital payments, no longer just a trading pair intermediary.

Another data point: the global assets under management for crypto ETPs (exchange-traded products) are projected to reach $400 billion. This means more and more traditional investors will allocate digital assets through compliant channels instead of opening accounts directly on exchanges.

The report concludes by mentioning that the prediction market will have significant moves in 2026, though specific details were not elaborated. Given the recent performance of platforms like Polymarket, this track certainly warrants attention.

Overall, the feeling is that: the crypto market is shifting from speculation-driven to application-driven, and the trend toward institutionalization and compliance is now irreversible.