Former Binance Executive Says “Halving Boost Is a Thing of the Past,” Reveals Scenario for Bitcoin Hitting New All-Time High

▲ Bitcoin (BTC), U.S. Dollar (USD) / ChatGPT-generated image ©

Amid projections that Bitcoin (BTC) will reach a new all-time high in 2026, a bold analysis has emerged suggesting that the driving force will not be halving events or retail euphoria, but rather sophisticated liquidity engineering.

According to financial media outlet Insider Money on February 19 (local time), Chase Guo, former head of business development at Binance, predicted that Bitcoin will hit a new peak in 2026. Guo emphasized that unlike previous cycles, the upcoming rally will be determined by structural market dynamics and liquidity allocation within the market.

Price formation in the cryptocurrency market is driven by three key factors: liquidity, public interest, and token holder structure. Guo explained that short-term price trends typically form within cycles ranging from seven days to three months. In this process, capital inflows and outflows, as well as momentum on social media platforms, exert greater influence than long-term fundamental analysis.

Once market consensus forms, it becomes a target for large capital players. When a majority of investors lean in a particular direction, the resulting open interest and leveraged positions can trigger volatility through sophisticated liquidity engineering. Such liquidity squeeze scenarios can act as a catalyst, pushing prices to unexpected levels.

Bitcoin still represents only a fraction of gold’s total market capitalization, suggesting significant growth potential if supported by favorable global liquidity conditions. Even modest capital movements from institutional investors or nation-states could have an outsized impact on Bitcoin’s price due to its limited supply. However, the path toward new highs is likely to involve sharp price swings aimed at shaking out retail investors.

This market structure aligns with past allegations raised by the U.S. Securities and Exchange Commission (SEC) in its lawsuit against Binance founder Changpeng Zhao. At the time, regulators cited concerns over wash trading and artificial price formation, and the sharp market downturn on October 10, 2025, demonstrated how opaque market-making practices could amplify systemic risk. Although current Binance CEO Richard Teng has denied allegations of manipulation, concerns over structural vulnerabilities in the market remain unresolved.

Disclaimer: This article is for investment reference only, and we are not responsible for any losses resulting from investment decisions based on it. The content should be interpreted for informational purposes only.