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📉 Bitcoin under short-term pressure
Bitcoin struggles to hold above $70,000, with $75,000 put options stacking up. Recent buyers are underwater, turning every bounce into a sell opportunity. Institutional netflows are negative, and realized losses are rising — this is real selling pressure, not just capital rotation.
💥 Bold forecasts from Standard Chartered Bank
Despite current weakness, Standard Chartered signals strong institutional confidence:
• BTC$BTC: $150,000 by end of 2024
• ETH$ETH: $8,000
📊 Summary:
Short-term pressure near $70K
Market structure remains bearish until real demand emerges
Long-term outlook: Institutional optimism pushing BTC toward $150K
🔹 The market is balancing short-term pressure with long-term institutional confidence — prepare for significant moves.
