Matthew Sigel, an investment manager at VanEck, notes that institutional interest in Bitcoin remains strong, though with increased caution. Sigel evaluates the market using global liquidity, deleveraging, and on-chain activity, currently observing mixed signals. He suggests that the $70,000–$78,000 range is suitable for gradual accumulation rather than a lump-sum purchase. Meanwhile, altcoins continue to underperform due to high inflation and lack of applications.