Senior Market Analyst McGlone recently put forward a compelling view: 2026 could become a pivotal turning point for the cryptocurrency, stock, and bond markets. What is this judgment based on? Let’s analyze it.

From the perspective of risk assets, cryptocurrencies like Bitcoin and Ethereum are facing a new wave of pressure. Although the Federal Reserve's rate hike cycle shows signs of easing, its lagging effects still persist. Meanwhile, valuation pressures in the stock market are also building— the appeal of high-growth assets may gradually diminish.

But pressure often comes with opportunity. Increased market volatility creates arbitrage opportunities for agile traders. Rapid market shifts provide numerous profit opportunities for participants who can quickly catch the rhythm. In the short term, this uncertainty itself becomes an asset.

Even more noteworthy is the change in long-term capital flows. Traditional "safe haven" assets—government bonds—are regaining attractiveness. As yields peak, many institutional investors are adjusting their allocations, potentially directing large amounts of funds into the bond market, changing the recent pattern where risk assets have dominated.

However, caution is necessary. Any prediction based on historical data has its limitations. Breakthroughs in AI technology, geopolitical changes, or other black swan events could overturn the current logic. The crypto market, in particular, has a "contrarian consensus" characteristic, often turning around just when the worst is expected.

Rather than being hostage to predictions, it’s better to understand the market within a macro framework and find your own opportunities amid volatility. What do you think of this judgment?