#比特币价格预测 Having seen two reports on the liquidity outlook for 2026, I want to share some thoughts with everyone.

Delphi Digital points out that global liquidity is expected to improve, which is indeed an important macro backdrop — the Fed's quantitative tightening is nearing its end, and major central banks' policies are becoming more aligned. These are all structural changes in the medium to long term. Historical data shows that gold and M2 hitting new highs often lead Bitcoin's performance, suggesting that a loose environment may provide support for risk assets.

But I want to especially highlight another judgment from Galaxy Research: Bitcoin's volatility in 2026 will be too high and unpredictable. These two reports are actually conveying the same signal — **opportunities exist, but so does enormous uncertainty**.

My advice is simple, and it may sound a bit "old-fashioned," but it is truly important:

First, don’t over-allocate just because you are optimistic about the long-term prospects. Liquidity improvement is a slow process, and fluctuations in the middle can be beyond imagination. Proper position management can help you stay firm amid volatility, rather than being forced to cut losses.

Second, separate your expectations for 2026 from your goals for 2027. The long-term space may exist, but the short-term "unpredictability" is the risk you need to face.

Loose monetary policy expectations are tempting, but remember: the best investment decisions often come from a full respect for risk, not excessive optimism about returns.