Will $BTC close 2026 red?

Historically, Bitcoin has never posted back-to-back negative years. 2022 was brutal (-64%), but 2023 bounced hard (+155%).

If we follow the 4-year cycle logic, 2025 should pump (post-halving year), making 2026 the distribution/cooldown phase. But a full year in the red? That's betting against every cycle we've seen.

The real question: does this cycle break tradition, or do we just chop sideways in 2026 before the next bear starts in 2027?

Watch macro liquidity and ETF flows. If institutions keep stacking, 2026 might just be flat, not red.