Core Viewpoint - VanEck CEO Jan Van Eck projects that Bitcoin could reach $180,000 by the end of the bull run, driven by its correlation with global M2 liquidity [1] Group 1: Bitcoin and Global Liquidity - Since 2014, Bitcoin has shown a correlation of approximately 0.5 with total global M2 growth, indicating that changes in fiat currency liquidity significantly influence its long-term returns [2] - Global liquidity across the top five currencies has doubled from $50 trillion to nearly $100 trillion since 2013, during which Bitcoin's price has increased over 700 times [3] - Bitcoin currently comprises about 2% of the global money supply, and owning less than 2% of Bitcoin or other digital assets is viewed as a short position in the asset class [4] Group 2: Futures Market Influence - Nearly 73% of Bitcoin's price variance since October 2020 has been explained by changes in futures open interest, with futures leverage near its 95th percentile as of early October 2025 [5] - Open interest in Bitcoin futures peaked at $52 billion on October 6, 2025, before dropping to $39 billion following a significant price drawdown [5] - The composition of leverage has matured, with increased participation from institutions, miners, and ETF market makers moving towards regulated venues like CME [6] Group 3: Market Dynamics - Recent volatility in the gold market, with a $2.5 trillion market cap correction, is viewed as a natural cooling phase rather than a decline in investor confidence [7]

Photo by BeInCrypto Hedera’s native token HBAR is facing mounting sell-side pressure as it eyes a potential return to its two-month low. The token has plunged nearly 10% over the past week, amid the broader market’s decline. With growing investor caution, HBAR may slide further if bearish sentiment intensifies. HBAR Faces Rising Selling Pressure Amid Market Retreat The setup of HBAR’s Moving Average Convergence Divergence (MACD) indicator on a daily chart highlights the negative bias toward the altcoin. ...