#资产代币化 Cantor Fitzgerald's forecast is worth paying attention to—2026 may usher in a new cycle adjustment, but the logic this time is completely different.

The key difference lies in the change of market leaders. The retail liquidation wave is a thing of the past; now, institutional capital is shaping the trend. This means that even if prices are under pressure, the probability of a systemic collapse is actually decreasing. The $75,000 cost line may be tested, but more importantly, observe the fund flow during the period—whale wallets, the pace of institutional address accumulation are the core signals.

Interestingly, the report points out that the gap between token prices and underlying developments is widening, especially in DeFi, asset tokenization, and infrastructure sectors. This precisely indicates that the market is still re-pricing. In the asset tokenization track, on-chain contract activity, token holder address distribution, and large transfer records can more accurately reflect institutional sentiment—leading price signals by two to three months.

The adjustment period is usually when data is clearest. It is recommended to focus on tracking the flow of institutional wallets and the changes in interaction density of contracts related to tokenized assets. Signals are often hidden on the chain.