Who’s Buying Bitcoin in 2026?

Market Analysis - Bitcoin crashed from six figures to the low 80K range, ETF inflows have stalled, DATs are wobbling, and altcoins are experiencing significant losses [1] - The discussion explores whether the current market situation is a true Bitcoin bear market or a brutal reset before the next upward movement [1] - True Market Mean is explained around 82K as a support level [1] - The analysis covers the potential death of altcoin season, the Zcash marketing pump, and the future of privacy coins [1] On-Chain Analysis - The discussion dives into realized cap, ETF cost bases, and OG whale distribution [1] - Key on-chain signals are examined to determine if the market is in a bear phase [1] - OG whale selling is contrasted with ETF demand, indicating a major rotation in the market [1] Future Outlook - The potential for institutional and sovereign buyers to enter the market by 2026 is considered [1] - The macro outlook into 2026 includes discussions on liquidity cycles and elections [1] - The conversation addresses the quantum-computing threat to Bitcoin, assessing whether it is realistic or overblown [1]