Chase Wang, who previously led the listing department at Binance, the renowned cryptocurrency exchange, predicts that Bitcoin is set to hit a new all-time high by 2026.
Wang shared insightful perspectives, highlighting the significant role of market makers alongside historical price trends.
In a recent interview, Wang revealed that during his tenure of two and a half years at Binance, he evaluated over one thousand crypto projects. He described how the listing team was composed of roughly ten members, with only a handful maintaining direct communication with project founders. He noted that after discussions with these founders, merely 5 to 10 percent of projects were successfully listed. Furthermore, he mentioned their ambition to facilitate listings for around 100 projects—including Alpha—on Binance before the close of 2025.
Wang confidently asserted that Bitcoin’s price will inevitably reach unprecedented heights in 2026. Reflecting on an observed pattern from 2025 where one particular week experienced seven consecutive days marked by similar daily gains and trading volumes on candlestick charts—followed abruptly by a steep drop—he interpreted this as evidence of strong market maker influence within crypto markets.
According to Wang’s analysis, such price behavior signals intervention from either an individual whale or multiple whales exerting substantial control over circulating supply levels; essentially demonstrating “a force steering prices.” Market makers tend to emphasize liquidity management rather than fundamental valuations when crafting their strategies.
This scenario suggests two possibilities: either several large market makers coordinated using identical algorithms simultaneously managing liquidity or alternatively one dominant whale manipulated conditions alone while anticipating minimal active trading from other major investors during this timeframe.
Please note: This content does not constitute financial advice.