Standard Chartered Raises Bitcoin Forecast, Says $126,000 by Year-End May Be Possible
- Standard Chartered's Head of Digital Assets Research Geoff Kendrick said Bitcoin could retest its roughly $126,000 record high before the end of the year.
- Kendrick said the bank's earlier $100,000 year-end forecast may now be too low.
- He said the recent Bitcoin rebound was mainly driven by short liquidations.
- He also noted that spot Bitcoin ETF inflows have begun to recover.
- Bitcoin was trading around $76,800 at the time of the report, up about 24% over the past week.
Standard Chartered's Head of Digital Assets Research Geoff Kendrick said Bitcoin may be able to retest its record high of about $126,000 before year-end. He added that the bank's earlier $100,000 year-end target may now be too conservative.
Kendrick said the latest rally has been driven mainly by short liquidations, while spot Bitcoin ETF inflows have also started to pick up again. He said low market open interest could leave room for additional buying if prices keep rising.
The report said Bitcoin was trading at around $76,800, after gaining about 24% over the previous week. Market participants cited short covering, ETF inflows, and improved macro liquidity as factors that could support further gains.
For markets, the report is potentially bullish for cryptocurrencies, especially Bitcoin, because it points to stronger price expectations and improving demand signals.
渣打上调比特币预测，称年内或可冲击12.6万美元
渣打银行数字资产研究主管Geoff Kendrick表示，比特币有可能在年底前重新测试约12.6万美元的历史高点。他还称，银行此前给出的10万美元年终目标现在可能显得过于保守。
Kendrick表示，近期这轮上涨主要由空头回补推动，现货比特币ETF资金流入也开始回升。他认为，当前市场未平仓合约规模偏低，如果价格继续上行，可能吸引更多投资者重新入场。
报道提到，比特币当时价格约为7.68万美元，过去一周上涨约24%。市场参与者认为，空头压力释放、ETF资金回流以及宏观流动性改善，可能成为推动比特币进一步走高的因素。
对市场而言，这则消息对加密货币整体偏利好，尤其是比特币，因为它强化了价格上行预期，也反映出需求端出现改善迹象。