📉 Standard Chartered cuts projections and warns that the worst is yet to come before the rebound
The banking giant #StandardChartered has shaken market sentiment by drastically lowering its forecasts for 2026.
The entity points out that the "pain" is just beginning for ETF investors, with a #bitcoin that could visit $50,000 and an Ethereum seeking a floor at $1,400.
Capitulation of ETFs: The main threat is not technical, but psychological. With an average purchase price of $90,000, most ETF investors are at a loss of 25%. Kendrick warns that these institutional flows will not "buy the dip," but will liquidate positions to reduce exposure.
Massive cut of targets (End-of-Year 2026):
Bitcoin (BTC): From $150,000 to $100,000.
#Ethereum (ETH): From $7,500 to $4,000.
#solana (SOL): From $250 to $78.30.
#bnb : Adjusted to $1,050 (down from a previous expectation of $1,755).
Avalanche (AVAX): From $100 to $18.
Macro Context: The lack of rate cuts by the Fed (under the leadership of Kevin Warsh) until June keeps capital in traditional safe havens like gold, leaving risk assets without short-term fuel.
Market Maturity: Despite the pessimism, the bank highlights a positive data point: the market structure is stronger. There are no systemic collapses (like FTX or Luna), and 50% of Bitcoin's supply remains profitable, suggesting a more resilient asset class.
The 2030 vision: Not everything is red. The bank maintains its long-term structural bullish thesis, reaffirming its targets of $500,000 per BTC and $40,000 per ETH by the end of the decade.
