🚨 Everywhere you look, it's all bearish news! How much of your position do you still hold?——

1⃣ Analysts say Bitcoin may form a bearish flag pattern and could drop to $70,000.

2⃣ Overseas influencer James Wynn warns: Crypto and stock markets are about to face a "bloodbath."

3⃣ JPMorgan: Fed rate cuts are fully priced in, so a wave of profit-taking is coming.

When bearish news concentrates, that's when you should really start thinking! Because the market never moves as expected when everyone feels the same way.

That's why I've been running through one question these past two days——

🔍 If now is chaos, what might 2026 look like?

I've mapped out three relatively optimistic possibilities:

1⃣ 2024–2025's macro environment is just too extreme: persistently high interest rates + US fiscal stress + ongoing geopolitical tensions + inflation pressures among major economies, all erupting at once. Any one of these factors is enough to change the logic of capital pricing.

Historically, when macro variables collectively deviate from the norm like this, it usually takes 1–2 years to recalibrate asset risk premiums.

In other words, 2026 is very likely to be the year of position washout → rebuilding valuation systems → new macro trends emerging.

2⃣ Looking back at recent years, the AI narrative has arguably propped up the entire 2024–2025 market, especially in US stocks. But in Crypto, aside from MEMEs, AI still lacks direct value anchoring.

Instead, what's really been gaining momentum over the last year or two is RWA gradually becoming fully commercialized, stablecoin volumes steadily rising, institutional demand for on-chain finance becoming increasingly clear, and financial infrastructure maturing.

Growth is already underway. If you extend these trends to 2026, it's highly possible that a new sustainable business model will emerge next year.

3⃣ The chart I posted the other day: Nasdaq and NVDA have been surging, while BTC is underperforming in the opposite direction.

I don't think this divergence will last long. When the macro environment moves from extremes → normalization in a big cycle, correlations between assets usually reconverge. You can look at the inflection points in 2016 and 2020 for reference.

So 2026 is likely to be the start of a new phase for both traditional and crypto markets.

After saying all this, it's essentially just speculation—everyone has a different position size, which determines that mindsets and actions will never be completely aligned——

How the market ultimately moves isn't up to me, or these news stories—it's up to time.

But one thing won't change:

No matter what the market is like next year, the chips for wealth have already been redistributed.

I believe 20% of people have already been washed out. Many people, even when they hit zero, never realize they were just a part of someone else's game.