Close Menu
    Bitcoin

    Bitcoin’s path to $80,000 fueled by bullish derivatives trends

    By No Comments2 Mins Read

    30s Summary

    Bitfinex, a cryptocurrency exchange, predicts Bitcoin could exceed $80,000 by December 2025. This is based on increased investor interest in end-of-year options for their derivative market, particularly those ending on December 27th. Bitcoin recently bypassed $70,000, and the upcoming US elections could spur another rise. US Bitcoin ETFs have also seen over $4 billion in inflows, largely attributed to BlackRock’s IBIT ETF, spurring prices further. The outcome of the US presidential election could be significant for Bitcoin, with a predicted windfall if Trump is victorious. Currently, 99% of Bitcoin investors are making a profit.

    Full Article

    Bitfinex, a crypto exchange, thinks Bitcoin could cross the $80,000 line by the end of 2025, basing their prediction on market indicators and investor success. They’ve noticed that investors have shown heightened interest in end-of-year options for their derivative market analysis, particularly for those ending on December 27th with an $80,000 target.

    Bitcoin broke through the symbolic $70,000 barrier on October 28 for the first time since June 10. With the US presidential elections just around the corner, this could trigger another huge jump for Bitcoin, continuing its historic trend after halving.

    The upcoming elections have got Bitcoin exchange-traded fund (ETF) buyers pretty excited too, and this could help boost Bitcoin’s value further. In fact, the US Bitcoin ETFs recorded over $479 million in positive net inflows on October 28, making it the second day running where it crossed the $400 million mark.

    The last two weeks have seen significant flows into Bitcoin ETFs, with total inflows exceeding $4 billion, according to Natae Geraci, the president of ETF Store. This level of flow was largely driven by BlackRock’s IBIT ETF, which made up over $2.6 billion of total inflows.

    If Donald Trump wins the next US presidential election, experts predict this could be a game-changer for Bitcoin and other risky investments. Trump has prepped the market for just such an outcome and Bitfinex analysts seem to agree.

    Adding fuel to the fire, nearly 99% of all Bitcoin investors are currently making a profit with Bitcoin trading above $71,000. But let’s not get ahead of ourselves; back in June, Bitcoin took a tumble from over $71,000 down to under $56,000 in one month when over 97% of the Bitcoin supply was in profit.

    Source: Cointelegraph

    Related Posts