IOSG Founding Partner: 2025 is the "worst year" for the crypto market, but BTC may reach $120,000-$150,000 in the first half of 2026.

According to Mars Finance, Jocy, the founding partner of IOSG, stated on the X platform that 2025 will be the “worst year” for the crypto market, with OG investors experiencing three waves of selling. From March 2024 to November 2025, long-term holders (LTH) are expected to dump approximately 1.4 million BTC (worth $12.117 billion): The first wave (end of 2023 - beginning of 2024): ETF approval, BTC rises from $25,000 to $73,000; The second wave (end of 2024): Trump elected, BTC surges to $100,000; The third wave (2025): BTC remains above $100,000. Unlike the single explosive distributions seen in 2013, 2017, and 2021, this time it is a multi-wave continuous distribution. Over the past year, BTC has remained at its high for a whole year, a situation that has never occurred before, with over 2 years of BTC that has not moved decreasing by 1.6 million (about $14 billion) since the beginning of 2024. However, the other side of risk is opportunity, in terms of investment logic: Short term (3-6 months): fluctuation in the range of $87,000 - $95,000, institutions continue to build positions; Mid-term (first half of 2026): policy + institutional dual drive, target $120,000 - $150,000; Long-term (second half of 2026): increased volatility, watching election results and policy continuity.