Bitcoin and Ethereum pretty much have no new narratives left. All the old narratives have been exhausted. Let’s see if the crypto world can come up with some new narrative to brainwash the retail investors. Brother Yin guesses it’s unlikely. The last big narrative was the treasury model, and now that’s run its course. There’s not much driving it now or in the future. So, the only thing left will be driven by macro cycles. If in 2026 the macro environment shifts from easing to weakening → BTC might trend upward and test historical highs. If interest rate expectations fluctuate or easing doesn’t materialize → BTC will oscillate within a range and test lower support.