Galaxy Digital cut Bitcoin year-end target to $120K
Galaxy Digital don reduce their Bitcoin year-end price target for 2025 from $185,000 to $120,000. Di company talk say market don mature wit institutional investors dey absorb supply through passive ETF flows. Key triggers include di October 10 flash crash wey cause $20 billion liquidation afta one 400,000 BTC whale sell-off, plus five straight days of outflows from US Bitcoin and Ethereum spot ETFs wey total over $1 billion. On-chain data show say spot demand dey decline. Competition from gold, AI infrastructure stocks, plus stablecoin narratives don also divert capital from Bitcoin.
Even tho dem see 18% correction from October all-time high $126,080 and bearish forecast as low as $72,000, Galaxy still maintain say Bitcoin market structure dey intact. Traders go expect short-term price pressure but fit see recovery later if ETF inflows and institutional demand continue.
Bearish
Galaxy Digital decide to lower hin Bitcoin target dey show say retail interest don reduce, big liquidations dey happen, plus people dey shift go other assets. Dis one fit add short-term selling pressure. Di record $20 billion forced selling and ETF outflows show say momentum dey weak, so traders dey expect say price fit still fall more. But sustained institutional ETF inflows plus solid market structure fit help make recovery for mid-to-long-term, so overall outlook remain balanced despite di near-term bearish risks.