According to external sources, Chief Executive Officer Swan Bitcoin, Cory Klipsten, argued that the Bitcoin current round adjustment might have a low point in the vicinity of October before being gradually repaired and returning to the vicinity of $130,000 before halving by 2028. It was also mentioned that he had reservations about the long-term competitiveness of most of the Shanco currencies.

Bitcoin lower or in October

Klipsten's judgment is based in part on bitcoin's past cycle. He mentioned that the BTC had risen by $1.26 million in early October 2025, whereas in previous cycles, important lows usually appeared about 12 months after the heights of cattle.

He also indicated, however, that the historical cycle sample was limited and that it could not be used as a precise predictive tool. In his current scenario, Bitcoin may return to the vicinity of $57,000, and the deeper section may go down to about $53,000, before a more visible rebound.

  • Lower stage: 2026 near October
  • Estimated return zone: approximately $53,000 to $57,000
  • Forward target location: approximately $130,000 before halving by 2028

Repressed flow of long-term holders

As mentioned in the article, Klipsten indicated earlier this June, when interviewed, that the current round of bitcoin cycles might have shifted earlier than before. One of the factors supporting this judgement is the high level of bitcoin in the hands of long-term holders.

At the time, some 14.7 million BTCs were held by long-term investors, which meant that there was a relative decrease in the number of open markets. If this structure continues, the market ' s volatilization and supply elasticity in the lower and upper stages may differ from previous cycles.

We'll continue to focus our money.

Klipsten is more cautious with respect to the Yamaya coin. According to external sources, he believes that it is difficult for most alternative encryption assets to continue as strong competitors for bitcoin, and that the more realistic direction in the long term is to further integrate encryption with traditional finance.

He mentioned that, as regulations became clearer, central encryption companies such as exchanges, lending platforms and so forth might become closer and closer to the way traditional financial institutions operated, which would also further narrow the gap between encryption platforms and traditional exchanges and banks.

Klipsten also named Hyperliquid as one of the few projects still likely to continue to win a large plate. According to DefiLlama data, Hyperliquid earned about $5.9 million last week, fifth in the income ranking of the DeFi agreement.

According to the KuCoin data, the cumulative increase in HYPE was about 130 per cent during the year, while bitcoin fell about 28 per cent during the same period. According to this article, there is a more pronounced division of the Yamaya currency market, which tends to flow to a small number of projects that are more liquid, with clearer incomes or of greater institutional interest.

Additional information:In its July report, Wintermute made a similar judgement that, following the rise in institutional investor influence, the structure of the encrypted market rise has shifted from a general increase to a concentration on head assets and a small number of high liquidity projects.