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- Bitcoin trades above $101.5K in Asia, showing resilience despite new U.S. tariff uncertainties.<\/span><\/li>\n
- Analysts see continued bull market, with Polymarket traders pricing a 69% chance of BTC hitting $120K by year-end.<\/span><\/li>\n
- Pythagoras Investments\u2019 Gabeljic notes BTC\u2019s lower volatility compared to other digital assets amid tariff news.<\/li>\n<\/ul>\n
Bitcoin (BTC) commenced the Asian trading day holding steady above the $101,500 mark, demonstrating resilience in the face of fresh tariff-related uncertainties emanating from the Trump administration. <\/span><\/p>\n
While near-term volatility remains a factor, market analysts and traders appear increasingly focused on a sustained bull market through the remainder of the year, with a significant degree of confidence that Bitcoin will reach or surpass the $120,000 level, underpinned by persistent corporate buying and a notable decline in overall market volatility.<\/span><\/p>\n
The current market environment is characterized by a degree of caution, as unexpected tariff increases announced by the Trump administration have introduced some choppiness. <\/span><\/p>\n
\u201cThe uncertainty from unexpected tariff increases by the Trump administration is causing some volatility,\u201d Semir Gabeljic, director of capital formation at Pythagoras Investments, acknowledged in an email to CoinDesk. <\/span><\/p>\n
However, he emphasized Bitcoin\u2019s relative stability amidst these pressures: \u201cHowever, bitcoin remains relatively strong, with lower volatility compared to other digital assets.\u201d<\/span><\/p>\n
This underlying strength is further supported by a persistently bullish sentiment among institutional players. <\/span><\/p>\n
Gabeljic highlighted this by noting that traders on the prediction market platform Polymarket are \u201cpricing in a 69% probability that Bitcoin will hit at least $120,000 by year-end.\u201d <\/span><\/p>\n
This indicates a strong conviction in Bitcoin\u2019s continued upward trajectory, despite any intermittent market headwinds.<\/span><\/p>\n
Echoing this optimistic outlook, FlowDesk, a Paris-based market maker, shared a similar sentiment in a recent note on Telegram, even amidst recently subdued market conditions. <\/span><\/p>\n
\u201cThe market is clearly coiling, waiting to break out of a narrow band just below all-time highs,\u201d FlowDesk wrote in their market update note. <\/span><\/p>\n
They also observed a \u201csignificant repositioning and rotation from Bitcoin towards altcoins,\u201d but crucially added that \u201cBTC\u2019s underlying strength remains evident.\u201d<\/span><\/p>\n
FlowDesk also pointed to some signs of cautious market behavior, such as a modest decline in BTC funding rates on major exchanges like Binance, which typically suggests a reduction in the use of leverage by traders. <\/span><\/p>\n
However, on-chain borrowing activity has reportedly seen renewed vigor, a potential leading indicator that some market participants are anticipating an imminent breakout.<\/span><\/p>\n
The unwavering trend of Bitcoin accumulation<\/span><\/h2>\n
A powerful and enduring narrative bolstering the bullish case for Bitcoin is the continued and accelerating accumulation of BTC by corporate treasuries. <\/span><\/p>\n
Listed companies now reportedly hold approximately 809,100 BTC, an amount valued at nearly $85 billion. This figure represents a near doubling of corporate Bitcoin holdings compared to a year ago. <\/span><\/p>\n
This significant uptake is being driven by a combination of factors, including favorable regulatory shifts and recent accounting changes that now allow companies to recognize gains on their Bitcoin holdings more readily.<\/span><\/p>\n
This trend of corporate adoption underscores a fundamental belief in Bitcoin\u2019s long-term value proposition and its utility as a treasury reserve asset. <\/span><\/p>\n
\u201cThe expectation of a continued strong bitcoin remains,\u201d Gabeljic affirmed, suggesting that this institutional and corporate buying pressure is a key pillar supporting the market\u2019s current strength and future potential. <\/span><\/p>\n
As Bitcoin consolidates and traders navigate short-term uncertainties, the underlying accumulation by larger entities provides a strong foundation for continued optimism.<\/span><\/p>\n
- Analysts see continued bull market, with Polymarket traders pricing a 69% chance of BTC hitting $120K by year-end.<\/span><\/li>\n
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