BlockBeats News, June 24th—Asset management company 21Shares released its mid-year cryptocurrency market report, revisiting its 2026 industry forecast and setting the year-end price target for Bitcoin at $100,000. Previously, Bitcoin hit a high of around $126,000 in October 2025, and is currently trading at around $62,300, down about 50% from the all-time high.

21Shares stated that the price action post Bitcoin halving "still looks familiar," with the current pullback closely resembling historical post-halving trends but with a much smaller drop compared to previous cycles that saw over an 80% correction. The report noted that Bitcoin has remained above the overall investor base cost of $54,000, indicating a lack of capitulation phase seen in earlier bear cycles, showcasing a more mature market with stronger hodling behavior.

The report also revealed that as of May 2026, the global crypto ETP managed assets were around $140 billion, marking a 15% decline year-to-date; ETP structures held approximately 1.25 million BTC, representing an 8% drop from previous peaks. 21Shares attributed this decline mainly to price movements rather than widespread liquidation, as even though U.S. spot Bitcoin ETFs saw net outflows of around $3 billion, the underlying BTC holdings remain near cyclical highs.

Furthermore, the report mentioned that the market saw trading volumes of $57.5 billion as of the end of May, surpassing half of the company's annual forecast, with full-year volumes heading towards $100 billion and potentially challenging $200 billion driven by the second half of the year's FIFA World Cup and U.S. midterm congressional election activities. The total value locked in DeFi is still around $140 billion, falling short of 21Shares' earlier $300 billion forecast; on-chain tokenized assets' scale is $31 billion, including $15 billion in tokenized U.S. Treasury bonds.