21Shares sees Bitcoin pullback echoing post-halving cycles, keeps $100,000 year-end target

The asset manager reaffirmed its 2026 outlook, saying Bitcoin’s retreat still resembles earlier post-halving patterns as crypto ETP assets reached about $140 billion and prediction-market volume climbed to $57.5 billion.

BTC

Summary

21Shares reaffirmed its 2026 crypto market outlook and maintained a base-case year-end Bitcoin target of $100,000, arguing that the token’s slide from about $126,000 in October 2025 to roughly $62,300 remains consistent with earlier post-halving corrections rather than a structural break. In its midyear report, the asset manager said post-halving price action continues to look historically familiar. It also pointed to broader market development beyond Bitcoin, saying global crypto ETP assets under management stood at about $140 billion as of May 2026 and prediction-market volume had reached $57.5 billion.

Terms & Concepts
  • post-halving cycles: Recurring market patterns that follow Bitcoin’s scheduled reduction in miner rewards.
  • crypto ETPs: Exchange-traded products that give investors market exposure to digital assets.
  • prediction-market volume: The total value traded on markets where participants bet on future outcomes.