#加密市场开年反弹

The crypto market rebound is expected to be a precursor rather than a policy implementation

Historical experience shows that the crypto market often reflects macro expectations in advance. The rebound at the beginning of 2026 is essentially the market pricing in improved liquidity conditions ahead of actual policy implementation, rather than reacting only after policies are put into effect.

When the market begins to believe that “the tightest phase is over,” risk assets will lead the recovery. Bitcoin, as a high-beta asset, naturally plays the role of amplifying expectations. However, it’s important to be clear that expectations often lead reality; if reality falls short of expectations, volatility will also increase.

Therefore, this round of rebound is more like a tentative lift rather than a definitive takeoff. The market is asking not “Can it go up,” but “Can it continue to go up?”

Understanding this is key to navigating the 2026 early-year market with prudence.