Vaneck has projected a consolidation phase for the Bitcoin market in 2026, driven by a more structured and stable environment. The investment firm highlights a significant shift towards capital-intensive mining operations and a cautious expansion in stablecoins, emphasizing a focus on fundamentals. Matthew Sigel of Vaneck suggests that 2026 will likely experience market consolidation rather than dramatic crashes or rallies, influenced by the typical four-year cycles and post-election trends. Companies with efficient power usage and scalable mining setups are expected to find opportunities, alongside growth in B2B stablecoin payments. The fear and greed index may indicate a move towards greater market stability.