Global investment bank Standard Chartered said it expects short-term price adjustments for Bitcoin and Ethereum, but still maintains the potential for a long-term recovery.
In a recent report, Standard Chartered's head of digital asset research predicted that Bitcoin could fall to around $50,000 in the short term, while Ethereum could fall to around $1,400. He assessed that a gradual recovery is possible until the end of 2026.
The report explained that the flow of funds from cryptocurrency exchange-traded funds (ETFs) was one of the factors behind this correction. Market data shows that Bitcoin ETF assets under management have decreased significantly since October of last year, and Ethereum ETF assets have also decreased compared to their previous peak.
As of the morning of the 13th, Bitcoin was trading at $67,456, up slightly from the previous day and down from last month. Ethereum was trading around $1,969.
Despite the decline in ETF holdings, analysis suggests that the market correction is proceeding in an orderly manner. The report explains that the average holder loss rate remains at a certain level.
Standard Chartered maintains a long-term bullish outlook even during this correction, assessing that institutional investor and ETF participation could limit declines compared to past cycles.
