Analyst: No broad altcoin bull market in 2026, liquidity to favor a select few

The crypto market is unlikely to experience a broad-based altcoin bull market next year as seen in previous cycles, according to one analyst. In an interview with Cointelegraph, CoinEx analyst Jeff Ko predicted that market liquidity will concentrate on a small number of blue-chip cryptocurrencies with real-world use cases, rather than lifting all assets. Ko added that even amid a global expansion of liquidity, any resulting rally would not be as strong as in the past. He also noted that the correlation between the growth of the global M2 money supply and Bitcoin's price has weakened since the launch of spot ETFs.