"Geoffrey Kendrick, Standard Chartered's global head of digital assets research, sees a near-term dip in bitcoin price below $100,000 as "inevitable" due to factors like renewed U.S.-China trade tensions. However, Kenrick views any bitcoin price pullback as likely short-lived and a buying opportunity. Kendrick highlights gold-to-Bitcoin flows as a key indicator, noting that recent rotations - selling gold to buy Bitcoin - could signal stabilization and mark a bottom."
"Bitcoin's sharp October correction reflects a liquidity-driven mid-cycle adjustment rather than the start of a bear market, according to VanEck's latest ChainCheck report. The asset manager highlighted that while Bitcoin fell roughly 18% in early October, leverage has normalized, on-chain activity continues to mature, and the cryptocurrency's macro role as a hedge against fiat debasement is strengthening. VanEck analysts Matthew Sigel and Nathan Frankovitz noted that global liquidity - measured through M2 money supply - continues to explain over half of Bitcoin's price variance,"
Bitcoin is trading in the mid-$107,000s while analysts expect additional upside after a likely short-term dip below $100,000. Standard Chartered views a sub-$100,000 pullback as inevitable but short-lived and a buying opportunity, citing gold-to-Bitcoin rotations as a potential stabilizer and bottom signal, and projecting $200,000 by year-end and $500,000 by 2028. VanEck characterizes October's roughly 18% correction as a liquidity-driven mid-cycle reset rather than a bear market, noting normalized leverage, maturing on-chain activity, and a strengthening macro hedge role. Global liquidity measured by M2 explains a large share of Bitcoin's price variance, and Asian liquidity dynamics have led recent moves.
Read at Bitcoin Magazine
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