The first two scenarios appear more likely, supported by macro tailwinds, mainstream adoption and technology advancements. Moreover, long-term BTC holders continue to accumulate, and stablecoin supply has rebounded, indicating potential external capital to flow into crypto.
Bitcoin 
Ethereum 
Tether 
XRP 
BNB 
Solana 
Dogecoin 
USDC 
Lido Staked Ether 
Cardano 