On-chain data and options market signals are converging. Galaxy's 2026 forecast provides a broad BTC price range—$70,000 or $130,000 each half by the end of June, and $50,000 or $250,000 each half by the end of the year—this extreme divergence reflects not ambiguity but the current real market uncertainty.

The focus is on the predictions for more than 50 altcoin ETFs. This is not just simple product innovation but a landmark shift in U.S. policy attitude. Once ETFs of this scale for altcoins are launched, it will inevitably lead to structural reorganization of capital flows—an influx of institutional funds will rewrite the liquidity landscape of altcoins.

Eugene's view is supported by data: current trading volume is extremely thin, and order book depth is insufficient, which indeed lowers the entry cost for large funds. He mentions the long position space below $90,000, based on the logic of clear stop-loss levels and manageable risk. From an on-chain perspective, whale buy orders in this price range are indeed accumulating.

However, it is also crucial to note that the SEC's forecast of facing litigation over "innovation exemptions" is very important—policy risks may be released faster than expected. Confirmation of BTC above $100,000 in the short term is critical, as this is the real signal to open up upside potential.

It is not recommended to chase highs blindly; waiting for secondary confirmation from trading volume and large on-chain holders' movements is more prudent.