Bitcoin may struggle to repeat 2025 gains in early 2026, says 21Shares co-founder Ophelia Snyder due to current market conditions. January often sees increased inflows into BTC ETFs, but Snyder is unsure how Bitcoin will perform given low positive market sentiment. Bitcoin currently trading at $92,150.

Bitcoin hit $125,100 on Oct. 5, entered downtrend after $19 billion market liquidation on Oct. 10. Many cautious on short-term outlook, but Snyder remains optimistic for long term. Factors like crypto ETF expansion, government adoption, and demand for stores of value could push Bitcoin higher.

Snyder sees potential for Bitcoin to outperform with catalysts like increased ETFs, government adoption, and demand for stores of value. However, risk-off sentiment in financial markets and strength in gold could lead to underperformance. Tom Lee predicts new Bitcoin high by January 2026. Bitcoin historically averages 3.81% return in January since 2013.

Read more at Cointelegraph: Bitcoin Unlikely to See New High in January: 21Shares Founder