Meanwhile, sustained confidence is evident. Major players like Tom Lee’s BitMine and Michael Saylor’s Strategy have bought the dip with Ethereum [ETH] and BTC respectively.
Whales are leading the accumulation wave
Big money backs Bitcoin through 2026 - but the market is split today
AMBCrypto - 10/21/2025 4:00:32 AM - GMT (+0 )
AMBCrypto - 10/21/2025 4:00:32 AM - GMT (+0 )
Key Takeaways
Are institutions still bullish on Bitcoin’s future?
Conviction over speculation
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Nearly 67% expect BTC prices to rise through 2026.
Is Bitcoin still in an accumulation phase?Whales and long-term holders continue to accumulate despite volatility.
Institutional conviction in Bitcoin [BTC] is growing, but so is the debate around its current phase.
While most large investors reportedly expect BTC to climb higher through 2026, there’s no clear consensus on whether the market is still in early expansion or nearing its next peak.
TradFi perhaps, sees Bitcoin’s market cycle very differently.
Institutions stay bullish, but questions remainA new Coinbase survey titled “Navigating Uncertainty” revealed that institutions remain optimistic about Bitcoin’s trajectory, with nearly 67% expecting prices to climb through 2026.
However, opinions are split on where the market stands right now. Around 45% of institutions believe we’re in the later stages of the bull run, while others think there’s still room for growth.
The report showed mixed views among institutions, but on-chain data paints a more confident picture.
Bitcoin’s exchange outflows stayed strong through October, showing accumulation even as markets turned cautious.
Santiment data also revealed that large holders with 10,000-100,000 BTC increased their balances in Q3.
This supports Coinbase’s view that liquidity is solid and long-term conviction remains strong. The buildup means big investors are preparing for the next phase of growth.
The report noted that Bitcoin’s illiquid supply dropped only 2% in Q3, even as prices hit new highs. This means most long-term holders (LTHs) aren’t selling.
Glassnode data supports this, showing more coins staying untouched for over a year.
Following Coinbase’s outlook for 2026, Bitcoin is in a steady accumulation phase. Investors are holding, supply is shrinking, and long-term confidence is driving the market rather than hype.
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