#Gate广场创作者新春激励 The Three Major Changes in the Crypto Market and New Trends in 2026
Recent market anomalies behind the deep trends:
Trend 1: Fundamental shift in market structure - the end of the speculative retail-led cycle and the arrival of the institutional era:
• Net inflow of BTC on exchanges drops to a three-year low, indicating short-term speculators are exiting.
• Continuous outflow of Bitcoin from exchanges, with a single-day net outflow of 14,484 BTC.
• The market is transitioning from a retail-dominated cycle to institutional liquidity distribution.
Market narrative transformation: