Will BTC enter a Bear Market next year? The bullish and bearish viewpoints are fiercely clashing.

The cryptocurrency market is full of twists and turns, and the opinions of seasoned professionals have sparked heated discussions once again. Steven McClurg, CEO of Canary Capital, has issued a warning: BTC may surge to $150,000 within this cycle, followed by a bear market next year.

McClurg's concerns stem from the uncertainty of the macroeconomic outlook. He believes that a sluggish macroeconomy will not only drag down BTC prices but also trigger a widespread economic Bear Market. Currently, BTC is hovering around $115,800, which is about 30% away from his predicted peak, and he believes the chances of BTC rising to the $140,000 - $150,000 range this year exceed 50%. He also mentioned that the inflow of funds into the spot BTC ETF and the purchasing actions of asset management companies regarding Bitcoin are key factors behind the recent rise in BTC prices, with small institutions to large sovereign wealth funds all eager to enter the market.

Regarding BTC, McClurg is also not optimistic. He admitted that BTC is an outdated network, and although it has seen significant gains recently, new blockchains like Solana and Sui have technically surpassed it. BTC is likely to gradually decline in the future, and its price will struggle to reach new highs.

However, the market is not entirely pessimistic. Many participants hold different views:

- Strategy Executive Chairman Michael Saylor predicted back in June that as long as the price of BTC is not zero, it will eventually rise to 1 million dollars. He firmly believes that BTC has already broken through and the Bear Market will not reoccur.
- Bitwise Chief Investment Officer Matt Hougan believes that the momentum of the cryptocurrency bull market is strong, and it will continue to rise in 2026, with this upward trend lasting for several years.
- Amberdata's Derivatives Director Greg Magadini strongly supports ETH, pointing out that the developer ecosystem advantages of ETH are prominent, similar to the iPhone platform, with network effects continuously compounding. He expects its price to rise along with BTC, potentially reaching the range of 8000 - 10000 USD. At the same time, he acknowledges the possibility of BTC breaking 150,000 USD this year, believing it is related to hedging against inflation and changes in investor risk appetite.

The views in the crypto market are highly divergent, and the long and short positions are fiercely contending. Where will BTC and ETH head in the future? Let's wait and see. #币圈# #区块链#