StanChart looks for 3 signs of BTC bottom, including Strategy’s Monday news
Summary
Standard Chartered analyst Geoff Kendrick says crypto prices likely hit the cycle low, estimating Bitcoin’s floor at about $59,000, roughly 53% below its $126,000 peak. He is watching three signs for confirmation: Strategy buying more Bitcoin, positive Bitcoin ETF inflows, and falling oil prices. A possible first signal came from Michael Saylor’s Sunday post, “Still adding dots,” which suggests Strategy may keep adding Bitcoin. On Friday, U.S. spot Bitcoin ETFs saw $85.84 million in net inflows, with five funds attracting money. Oil futures also fell for a second day. Bitcoin was around $63,704 at the time cited. Kendrick’s conclusion: “Winter is over. Welcome back to crypto Spring.”
