ChainCatcher report, according to The Block, Geoffrey Kendrick, Head of Digital Assets Research at Standard Chartered, stated that the bottom for Bitcoin is “nearly in place” following its recent decline, with the current range of approximately $63,000 representing a “buying zone.” He noted that U.S. spot Bitcoin ETF holdings have remained largely flat since February, with no concerning concentration of redemptions, indicating greater “structural stability” in capital flows. Kendrick expects that after the recent Strategy sale of 32 BTC triggered selling pressure, a repurchase at 10x or even 100x the scale—following historical patterns—could serve as a signal confirming a阶段性 low. He also cautioned that Bitcoin still faces downside risk of breaking below $60,000, but emphasized that dollar-cost averaging is preferable to attempting to time the exact bottom. The bank maintains its year-end price targets of $100,000 for Bitcoin and $4,000 for Ethereum.
Standard Chartered Analyst: Bitcoin Near Bottom, Maintains $100,000 Year-End Target
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Summary
Standard Chartered’s Geoffrey Kendrick views Bitcoin as nearing a bottom, with $63,000 serving as a key buying zone. He notes stable ETF holdings since February, indicating structural support. A rebound following the 32 BTC sell-off may signal a short-term low. While downside risk remains below $60,000, Kendrick recommends gradual buying to optimize asset allocation. The bank maintains price targets of $100,000 for Bitcoin and $4,000 for Ethereum, emphasizing risk management in volatile markets.
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