Investment bank Cantor Fitzgerald predicts that 2026 may see a new round of "crypto winter," but institutional adoption continues to grow

BlockBeats News, December 30, according to a CoinDesk report, Cantor Fitzgerald analyst Brett Knoblauch predicted in a recent report that Bitcoin may be in the early stages of a "crypto winter," reflecting its historical four-year cycle pattern. The price may continue to be under pressure for several months, and may even test Strategy's average cost price of around $75,000.

However, unlike previous downward cycles, this round of correction may not necessarily be characterized by large-scale liquidation or systemic collapse. Knoblauch stated that institutional participants, not retail traders, are now shaping the market landscape. He pointed out that the gap between token price performance and "underlying real progress" is widening, especially in areas such as decentralized finance (DeFi), asset tokenization, and crypto infrastructure.