#以太坊行情解读 Bitcoin retreated from $126,000, and the market fell into anxiety — but several veteran analysts are hinting that this might just be a signal of a new round of rally.

**The Real Logic Behind Price Consolidation**

BTC is hovering between $85,000 and $90,000, with leverage wiped out, retail investors leaving, and sentiment dropping to freezing point. Does this scene sound familiar? Looking back at history, every time funds regroup, it all starts from such silence.

**What Does RSI Oversold Really Mean?**

The indicator has dipped below 30, entering the traditional oversold zone. Analyst Julien Bittel pointed out that since 2023, every time BTC reached this level, it rebounded. If this pattern continues, hitting $170,000 within three months is not a pipe dream.

However, another analyst poured cold water: RSI only measures panic levels; the real drivers are liquidity, central bank policies, and global risk appetite. No matter how beautiful the technicals look, they can't change the macro trend.

**Institutional Funds Are the Confidence Booster**

Bitwise's chief investment officer revealed an important detail — the spot ETF structure is now "extremely bullish," allowing large financial institutions to directly allocate BTC, which was a luxury two years ago. His conclusion is: 2026 might be the point when institutional funds fully enter.

**The Logic in One Sentence**

This cycle doesn't necessarily have to see a surge; the key is that Bitcoin is transforming from a "emotion-driven speculative asset" into a "fundamentally supported mature asset." That change is more worth watching than the price itself.

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