US tax filers may see larger refunds in 2026, potentially reigniting a "YOLO" trading surge. Wells Fargo analyst Ohsung Kwon estimates up to $150 billion could flow into equities and Bitcoin by March. This liquidity is expected to benefit higher-income consumers and popular retail stocks like Robinhood and Boeing.
However, Bitcoin's demand hinges on market sentiment. Increased retail interest in crypto assets is seen as a key driver for fund inflows. Conversely, if digital asset sentiment weakens, investors may shift to other momentum-driven assets. Meanwhile, large investors, or "whales," continue quietly accumulating spot Ether, while "smart money" traders are betting on crypto market downside.