"If I look at everything since October 10th - because that was the biggest liquidation in the history of crypto, bigger than FTX, a margin call tsunami - we're only a couple weeks from that,"
"I think the market is consolidating. But if I look at fundamentals, like Ethereum and stablecoin volumes exploding and application revenues at all-time highs, right now fundamentals are leading the price in crypto,"
"Eventually we consolidate and then we rally into year end - $150,000 to $200,000 for Bitcoin, and something like $7,000 for Ethereum,"
A major liquidation event around October 10 triggered sharp crypto and global market sell-offs, pushing Bitcoin from about $117,000 to below $108,000 before a rebound near $113,000 and later lows near $104,000. President Trump’s announcement of 100% tariffs and export controls on Chinese goods catalyzed the initial volatility. Ethereum and stablecoin volumes surged and application revenues reached all-time highs. Market conditions appear to be consolidating amid these fundamental strengths. Projected year-end price targets include $150,000–$200,000 for Bitcoin and roughly $7,000 for Ethereum, implying a potential rally into year end.
Read at Bitcoin Magazine
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