BTC and ETH price trends have once again become the market focus. A senior Wall Street analyst recently commented that Bitcoin may reach $180,000 to $200,000 by the end of January 2026, while Ethereum is expected to break through the $70,000 mark. Such predictions are not baseless but are based on deeper structural changes in the market.

The key to this prophecy lies in a widely discussed question: has the four-year cycle pattern of Bitcoin become invalid? Historically, Bitcoin's price movements have often been closely linked to halving cycles. However, analysts believe that the forces driving the market have now changed— the emergence of ETFs and the shift in global macro policies are leading to large-scale inflows of institutional funds into the crypto market.

The performance of major coins like BNB also reflects this trend. Liquidity issues have become particularly important. It is reported that the US pension system could potentially allocate up to $40 billion in incremental funds to crypto assets each month. Such scale is rare in traditional financial history, let alone a sudden influx into a relatively small asset class.

A deeper logic is that the price anchors of Bitcoin and Ethereum are being redefined. They are no longer just speculative tools but are viewed as carriers of value participating in the global digital financial reconstruction. From this perspective, the current target prices reflect anticipations of future financial system allocation needs.

What does this change imply? The old analytical framework may need adjustment. When the market is driven by institutional liquidity, the significance of support and resistance levels on technical charts will change accordingly. Meanwhile, factors like macro policies, inflation expectations, and the US dollar trend are also gaining importance. Simply applying historical cycle patterns may cause us to miss opportunities to understand the new market environment.