10x Research Founder: Bitcoin Could Reach $88,000 Target Price

According to Mars Finance, Markus Thielen, founder of 10x Research, posted on social media that "Bitcoin is rising, primarily driven by spot demand rather than leverage, and this structure is healthier than the crowded long positions in the early stages of the cycle. ETF inflows continue, mining-related stocks are rising sharply, and the options market is pricing in a more optimistic outlook. More importantly, two key catalysts are supporting Bitcoin and the overall Altcoin market this week. With improved trading volume and moderate inflows, our $88,000 Bitcoin target looks achievable. The current total market capitalization of the crypto market is $2.69 trillion, up 2.7% from last week; the average weekly trading volume is $123 billion, 2% higher than the average."