although Bitcoin reached a historic high of over $126,000 on October 6, it subsequently experienced a $19 billion liquidation event, and the current trading price is about $87,000. The market is divided on future trends; 50T Funds founder Dan Tapiero believes the bull market is still in the "mid-term phase," while Fidelity's research director predicts that 2026 may be a "consolidation year" for Bitcoin, with support levels between $65,000 and $75,000.Analysts point out that Bitcoin's four-year cycle is gradually evolving into a broader long-term trend driven by fundamental factors such as global liquidity and sovereign adoption. Currently, tracking data shows that most top traders hold a short-term bearish stance on mainstream cryptocurrencies.