Blockware Intelligence Newsletter: 2025 Recap and 2026 Outlook
Bitcoin 2025 Market Recap and 2026 Outlook
It the beginning of this year, like most analysts, we were incredibly bullish. Our target range for the Bitcoin price EOY was $150,000 to $400,000. Obviously, we were incorrect.
In today’s newsletter we are going deep.
We will start by breaking down 4 key reasons why Bitcoin underperformed in 2025.
Additionally, we will dive deep into the current macroeconomic conditions, the shifting risk-tides, Bitcoin on-chain data, institutional flows, and Bitcoin Mining.
This is the final newsletter of 2025 – and we’re closing out the year with a banger.
Grab a notepad, lock-in, and enjoy.
Well see you in the new year.
Why Bitcoin Stagnated in 2025
To start, we’re going to break down four key reasons why Bitcoin underperformed in 2025:


