ChainCatcher report: Markus Thielen, founder of 10x Research, posted on social media: “Bitcoin is rising, primarily driven by spot demand rather than leverage—this structure is healthier than the overcrowded long positions seen earlier in the cycle. ETF inflows continue, mining-related stocks are surging, and options markets are pricing in a more optimistic outlook. More importantly, two key catalysts this week are supporting Bitcoin and the broader altcoin market. With improved trading volumes and moderate capital inflows, our $88,000 Bitcoin target appears achievable. The current total crypto market cap stands at $2.69 trillion, up 2.7% from last week; average weekly trading volume is $123 billion, 2% above the average.”
10x Research Founder Predicts Bitcoin Could Reach $88,000 Target
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Summary
Bitcoin news emerged as 10x Research founder Markus Thielen shared his Bitcoin analysis on social media, pointing to a potential $88,000 price target. He noted that Bitcoin’s rally is driven by spot demand rather than leverage, signaling a healthier market structure. ETF inflows continue, mining stocks have surged, and options markets reflect heightened optimism. This week’s two key catalysts are boosting Bitcoin and altcoins. Trading volume and capital inflows are improving, supporting the price target. The crypto market cap stands at $2.69 trillion, up 2.7% weekly, with an average daily trading volume of $123 billion.
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