Delphi Digital releases its "2026 Market Outlook": Crypto faces increased competition, macroeconomic trend towards looser liquidity.

According to Foresight News , Delphi Digital released its "2026 Market Outlook" report, stating that the global macroeconomic environment is converging rather than diverging, with major central banks shifting towards interest rate cuts and fiscal deficits driving up liquidity demand. With the Federal Reserve's quantitative tightening nearing its end, the Treasury's general account likely to decline, and the People's Bank of China increasing support, global liquidity is expected to improve in 2026. The report also points out that the market may not receive the same level of liquidity as in 2020, but conditions are now in place for a clearer and more predictable pace of easing. Major central bank policies will begin to converge, and deficit spending will drive greater debt monetization. The report states that record highs in global M2 and gold prices, along with continued central bank gold purchases, indicate a continued trend of currency depreciation; historically, gold and liquidity indicators have typically led Bitcoin, suggesting that assets like Bitcoin should benefit.