Standard Chartered Bank: "The crypto winter has ended"! The three major selling pressure resistances are fully dissipating, reaffirming Bitcoin's push to $100k by the end of the year.

Standard Chartered Bank’s Digital Asset Research Director Geoff Kendrick has loudly proclaimed in his latest report that “the crypto winter is already over,” while maintaining a year-end target of $100,000 for Bitcoin. The analysis notes that, as liquidity drain from SpaceX’s century IPO concludes, hope emerges in US-Iran peace negotiations, and capital flows into Bitcoin ETFs return to net inflows, the three major macro headwinds suppressing the market are becoming increasingly dissipated.
(Backgrounder: Standard Chartered calls “Bitcoin’s bottom is in”! It lists two bullish reasons: the year-end outlook for $100,000 remains unchanged)
(Additional background: Standard Chartered Bank: MicroStrategy’s selling of Bitcoin is a turning point for gold! Predicts ETH will start surpassing BTC from here, with a push toward $4,000 by year-end)

As signs emerge that multiple bearish factors troubling the global economy and capital markets are fading away, the cryptocurrency market saw a strong, broad-based rebound over the weekend. In response, senior executives at Standard Chartered have issued highly optimistic signals, believing that the market’s lowest point in this cycle has already been established.

Standard Chartered: The low is behind us—welcome “Crypto Spring”

In a latest research report released on the 12th, Standard Chartered Bank Digital Asset Research Director Geoff Kendrick explicitly pointed out that Bitcoin dipped to a low of about $59,000 on June 5, which marked the bottom of this cycle. He drew an uplifting conclusion for the market: “The winter is over—welcome back to Crypto Spring.”

Kendrick emphasized that Standard Chartered maintains its target price for Bitcoin to break through $100,000 by the end of this year, and expects Ether (ETH) to outperform Bitcoin in future upside. He also stated more directly that the current price range is an excellent entry point that people will “wish they had bought later,” and when the market looks back at year-end, investors will come to deeply appreciate the value of today’s buying prices.

The three major “macro resistances” are easing across the board

At present, there are signs of genuine relief emerging simultaneously for the three core pressures that have been weighing on crypto market liquidity over the past few weeks:

• The end of the “bloodsucking” effect from the SpaceX IPO: Previously, to raise funds and subscribe to the largest-ever SpaceX IPO, traders sold large amounts of cryptocurrencies, causing a “liquidity vacuum” in the market. Now that the IPO has been completed successfully, and SPCX’s first-day listing has surged 19%, expectations for this forced selling pressure are expected to weaken significantly.
• Geopolitical risk cools off: With U.S. President Trump announcing an end to the Iran war, US-Iran peace talks are expected to be finalized before the G7 summit. This has dampened risk-aversion sentiment; international oil prices have fallen to $81 per barrel, the lowest since March.
• ETF flows stop bleeding and return: Since mid-May, Bitcoin spot ETFs have suffered a record net outflow of more than $5 billion. However, last Friday the trend finally reversed, recording a single-day net inflow of $85 million to $86 million, the largest single-day inflow in nearly a month.