Grayscale: Bitcoin to Hit New High in 2026, 25%+ Pullback Common During Bull Market

BlockBeats News, December 2nd, Grayscale Research stated in its latest report that Bitcoin may hit a new high in 2026 and countered concerns in the market about Bitcoin entering a multi-year bear market. A pullback of 25% or more during a bull market is quite common and does not necessarily indicate the beginning of a long-term downward trend.

Grayscale pointed out that the current market structure has changed, with institutional funds mainly focused on ETFs and Crypto Treasuries (CT) companies rather than retail investors and trading platforms. The macro environment is relatively favorable, with potential interest rate cuts and bipartisan-supported crypto legislation in the United States providing support for the market.