Bitcoin recently fell to $81,000 as flows to institutional investors weakened. Bloomberg analyst Mike McGlone warned that BTC could revisit $10,000.
Meanwhile, other analysts say conditions are building for the next wave of bullish activity. Altcoin Daily’s Austin Arnold points out that according to blockchain data, the number of wallets holding 1,000 BTC or more increased by 2.2% to 1,384, a four-month high. Arnold describes this as a “generational buy-in opportunity.”
Other bullish signals for Bitcoin
Citibank blamed the recent decline on a temporary liquidity crunch caused by the U.S. government shutdown, the October flash crash, ETF withdrawals and more than $500 billion in liquidity losses. With government agencies reopening and Treasury issuance stabilizing, Citi expects liquidity to return and potentially support Bitcoin.
Sentiment remains at extreme fear levels, with the Cryptofear & Greed Index reaching 10. However, models like CryptoCon’s Descending Gold Curves predict that BTC could reach $160,000 to $170,000 within six weeks.
MicroStrategy’s Michael Saylor points to Bitcoin’s declining volatility and his company’s continued accumulation of over 640,000 BTC. Gemini co-founder Cameron Winklevoss called this the “last chance” to buy below $90,000, suggesting BTC could eventually reach $1 million.
Short-term uncertainties remain, but structural signals are increasingly positive. If liquidity conditions improve and whale buying continues, the next big upswing could already be underway.
Bitcoin is trading 3.29% higher today at $87,350 as investors wonder if this decline is mid-cycle or the start of another parabolic rally.
*This is not investment advice.
