Half year 2026 macro bitcoin

Half-year 2026: Macro & Bitcoin july 2026

​Table of Contents​ ​01 / Key Takeaways​ ​2​ ​02 / Macro and Markets​ ​4​ ​2.1 From Reboot to Re-Anchoring​ ​4​ ​2.2 No More Forward Guidance: the Biggest Fed Shift Since Volcker​ ​5​ ​2.3 The Growth Paradox: Sticky Supply Inflation, Cooling Labor and Failing​ ​Recession Signals​ ​7​ ​2.4 The Valuation Illusion: World's Most Expensive Asset Just Got Cheaper​ ​11​ ​2.5 Japan: Record Balance-Sheet Contraction, a 40-Year Low Yen and the​ ​Deferred Rate Hike​ ​15​ ​2.6 Outlook: What It Means for Asset Allocation​ ​19​ ​03 / Bitcoin​ ​21​ ​3.1 The BTC-Led Market Structure Persists​ ​22​ ​3.2 Bitcoin's Cross-Asset Test​ ​23​ ​3.3 Spot ETFs Meet Their First Bear Market​ ​25​ ​3.4 Corporate Treasuries Under Pressure​ ​26​ ​3.5 The Great Redistribution​ ​28​ ​3.6 Miner Economics and the AI Pivot​ ​31​ ​3.7 Post-Quantum Readiness Accelerates​ ​33​ ​3.8 Where Are We in the Cycle?​ ​34​ ​04 / References​ ​37​ ​05 / New Binance Research Reports​ ​39​ ​About Binance Research​ ​40​ ​Resources​ ​42​

​Half-Year 2026: Macro & Bitcoin​ ​1​