Binance Research 发布 2025 全年回顾及 2026 展望报告

Core Insights - The report by Binance Research indicates that the total cryptocurrency market capitalization surpassed $4 trillion for the first time in 2025, with Bitcoin reaching an all-time high, although the market ultimately declined by approximately 7.9% due to macroeconomic uncertainties [1] - Bitcoin exhibited characteristics of strong asset properties but weak on-chain activity, with net inflows into U.S. spot ETFs exceeding $21 billion, while the number of active addresses decreased by 16% year-over-year [1] - The report forecasts that global monetary easing and deregulation in 2026 will drive a "risk reset" in the market, with the establishment of a U.S. Bitcoin strategic reserve potentially serving as a key catalyst [1]