Bitget Research: Policy & Regulation Catalyze New Turning Point for Crypto

The framing itself is the notable part: a major exchange's research arm attributing a market inflection to policy and regulation rather than to liquidity, halving cycles or retail flows. That shift matters for how the industry positions itself, since it implies the sector's next leg is being set in legislative and supervisory chambers rather than on-chain. The open question is whether that narrative holds once specific rulemaking lands, or whether it proves to be a label applied after the fact to moves driven by other forces.