Standard Chartered Bank: Bitcoin is expected to rebound this weekend, and ETF fund inflows may help it return to above $100,000

avatar
ODAILY
02-15
This article is machine translated
Show original
Odaily reported that according to Geoffrey Kendrick, the global digital asset research head at Standard Chartered, Bitcoin has fallen for five consecutive weekends, but this trend is expected to reverse this weekend. A slight rise this weekend may lead to ETF capital inflows on Monday, pushing its price back to $100,000 and then to $102,500. The past few weekends (Friday 5 pm to Sunday the same time in New York) have been particularly difficult for Bitcoin, with negative news putting it under pressure. A key event was the DeepSeek news on the weekend of January 25-26, and the following weekend, February 1-2, Bitcoin was hit by news of tariffs in Canada and Mexico. He pointed out that "this is not 'normal'" and that "this weekend (February 15-16) will be different" because the negative events have already occurred, and the US 10-year bond yield has fallen below 4.5% this week, which is a positive signal for risky assets like Bitcoin. Lower yields often ease the pressure of speculative investment, making a rebound more likely. (The Block)

Source
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
Like
1
Add to Favorites
Comments
Followin logo