BitMine chair Tom Lee says Bitcoin’s “best days” are still ahead, but has seemingly eased off his bullish prediction of $250,000 Bitcoin by the end of 2025. BitMine chair Tom Lee has seemingly eased off his widely promoted $250,000 year-end Bitcoin forecast, now only giving it a “maybe” that Bitcoin can reclaim its October all-time high of $125,100 before the end of the year. “I think it’s still very likely that Bitcoin is going to be above $100,000 before year-end, and maybe even to a new high,” Lee said during an interview with CNBC on Wednesday. This appears to be the first time Lee has publicly softened his $250,000 year-end Bitcoin (BTC) price target, which he initially floated earlier in 2024 and continued to reiterate through early October. Read more
A recent analysis shed light on another correlation between the world’s largest cryptocurrency and stablecoin by market capitalization. Blockchain analytics provider Glassnode reported a “strong negative correlation” between Bitcoin’s and USDt’s activity over the last two years. In a Wednesday X post, Glassnode shared a comparison between Bitcoin’s (BTC) price and net flows of USDt (USDT) to exchanges starting in December 2023. According to the analysis, net outflows of USDT from exchanges coincided with increases in the price of BTC. “During euphoric phases, USDT typically flows out at –$100M to –$200M/day as investors lock in profits,” said Glassnode. “At the $126K peak [in October], net outflows reached >$220M (30D-SMA); A clear profit-taking signal now easing as flows turn positive again.” Read more
Bitcoin’s momentum is restrained by uncertainty in interest rate policy, inflation expectations, the pending MSCI decision on crypto-focused firms, and stress in BTC derivatives. Key takeaways: Bitcoin derivatives and cautious interest rate expectations keep sentiment restrained, yet improving liquidity conditions bolster upside potential. Regulatory easing and MSCI’s review of BTC-heavy firms could lift risk appetite, supporting a more constructive medium-term outlook for Bitcoin. Read more
Bitcoin faces downside risks as a bear flag breakdown targets $77,400, while tensions between Strategy and MSCI can add new pressure on the BTC price. Bitcoin (BTC) is showing fresh downside risks as a deepening standoff between corporate Bitcoin holder Strategy (MSTR) and global index provider MSCI collides with a weakening technical structure. Key takeaways: BTC risks a slide toward $77.4K if the bear flag breaks down. Read more
Bitcoin fielded new predictions of a short squeeze as price kept up pressure on key resistance at $88,000, while US stocks went higher. Bitcoin (BTC) hovered near $87,000 at the Wednesday Wall Street open as analysts eyed short liquidations. Key points: Bitcoin liquidity conditions analysis predicts a return toward $90,000 next. Read more
Learn how falling inflation influences Bitcoin’s identity, investor sentiment and price patterns while highlighting consistent trends across past macro cycles. Inflation sits at the center of modern economic cycles. When inflation is high, central banks raise interest rates, reduce liquidity and push investors toward safer assets. When inflation falls, liquidity usually improves, risk appetite returns and markets start to focus on future growth. In this environment, Bitcoin (BTC) serves two distinct purposes: Read more
Strategy said it has a 70-year dividend runway even after Bitcoin’s slide, rolling out a new credit rating metric to ease fears over DAT liquidation risks. Michael Saylor’s Strategy is attempting to calm investor concerns about its balance sheet after the recent Bitcoin market downturn and a sharp pullback in digital asset treasury (DAT) stocks. Strategy, the world’s largest corporate Bitcoin (BTC) holder, has rolled out a new credit rating dashboard based on the company’s preferred stock notional value, and claims to have another 70 years’ worth of dividend payment runway to service its debt, even if Bitcoin’s price remains flat. “If $BTC drops to our $74K average cost basis, we still have 5.9x assets to convertible debt, which we refer to as the BTC Rating of our debt. At $25K BTC, it would be 2.0x,” said Strategy in a Tuesday X post. Read more
A Bitcoin bull flag on the price charts projected a rebound to $96,000 as the Puell Multiple indicator suggested that BTC is undervalued at current prices. Bitcoin (BTC) is due for a “new uptrend” as a key BTC price metric suggests that the recent drop to $80,000 provided a prime buying opportunity. Key takeaways: Bitcoin’s Puell Multiple has entered the discount zone, suggesting undervalued market conditions. Read more
Bitcoin price stalled as traders consider the impact of Friday’s $14 billion options expiry, but data does show some bullish traders positioning for higher prices. Key takeaways: Friday’s $14 billion BTC options expiry favors neutral-to-bearish bets as most call (buy) strikes sit above $91,000, increasing pressure on bulls. Bitcoin traders added year-end call options near $100,000 despite recent losses, showing that bullish expectations persist. Read more
Negative Bitcoin funding rates and large short liquidity zones could be a sign that a short-squeeze to $90,000 and higher could be on the cards. Bitcoin’s (BTC) recovery from last week’s deep correction is beginning to solidify, with the price pushing back toward the $87,000 to $90,000 zone after sliding from $106,000 to $80,600 in just 10 days. The rebound has revived discussions about whether BTC has reached a local bottom, even as a key whale cohort continued to offload its supply. Key takeaways: Read more
One analyst found that 40% of Bitcoin is held at a loss, while ETH and SOL data currently stand at 40% and 75% respectively. Should investors be worried? Recent data from Glassnode showed Bitcoin (BTC), Ether (ETH), and Solana (SOL) reflecting record high levels of their supply held at a loss. However, a closer examination of the locked supply, institutional holdings, and staking structures revealed that the effective liquid supply under pressure is significantly lower than the implied percentages, especially for Ether and Solana. Key takeaways: Read more