The structure of the crypto market is showing healthy signs, with Bitcoin's $88k target within reach?

According to the latest weekly report released on social media by Markus Thielen, founder of 10x Research, Bitcoin is currently experiencing two major catalysts this week, and the market structure is also showing signs of healthy improvement.

Analysis indicates that, from the flow of funds perspective, this rally is driven by spot demand rather than leverage, forming a healthier structure than the crowded long positions seen in previous cycles.

Meanwhile, ETF fund inflows remain stable, mining stocks have surged significantly, and optimistic pricing in the options market all reflect more favorable market expectations.

On the liquidity front, Tether's USDT circulation has grown from about $90 billion at the start of 2024 to approximately $241 billion as of May 2026, with trading volumes hitting new peaks multiple times, reaching as high as $332 billion.

Currently, the market cap of USDT stands at $189.6 billion, with weekly trading volume at $127.1 billion, 16% above the average level. This data indicates that market liquidity remains ample, providing a solid capital foundation for overall market operation.

Additionally, the total cryptocurrency market cap has reached $2.69 trillion, a 2.7% increase from last week. Bitcoin's weekly average trading volume is $123 billion, exceeding the 2% average; Ethereum's weekly trading volume is $18.9 billion, 40% above the average.

10x Research's analysis suggests that, with improved trading volume and continued moderate capital inflows, the previously set Bitcoin target of $88k is now achievable.

#Bitcoin Target Price