Standard Chartered wavers on $100K Bitcoin year-end call, says it may be ‘too low’
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Bernstein: Maintains year-end target price of $150,000 for Bitcoin; current pullback is still weaker than historical cycles.
According to Mars Finance, on July 7th, despite a roughly 54% drop in Bitcoin's price from its October 2025 high of nearly $125,000, Bernstein maintained its year-end target price of $150,000. Bernstein believes that the current pullback is significantly less than the 75% to 90% declines commonly seen at the end of historical cycles, indicating a shift in market structure. In the current context of low market sentiment, Wall Street's clear target prices provide a price anchor, while historical retracement frameworks help traders assess risk. If this cycle follows historical trends, the market may still decline further, but institutional assessments of the subsequent recovery are still worth noting. The firm points out that the previous high of nearly $125,000 in October 2025 remains a significant resistance level; based on a historical 75% retracement, the corresponding price is approximately $31,000, which can be considered a key failure zone. Going forward, we will focus on whether the inflow of funds into Bitcoin spot ETFs and spot demand will rebound, as these are important signals for judging whether the market has entered a recovery phase.
Standard Chartered analyst eyes $100K BTC as US Treasury doubles long-end buybacks
Bitcoin’s rebound toward $69,000 is gaining momentum as Geoff Kendrick points to improving liquidity conditions and a potential cycle bottom.
Michael Saylor: If Bitcoin's long-term price increase exceeds 3.3%, BTC capital gains could fund STRC dividends indefinitely.
According to ChainCatcher, Bitcoin Treasuries.NET posted on the X platform that Strategy's Michael Saylor stated that if Bitcoin's long-term price increase exceeds 3.3%, BTC capital gains can fund STRC dividends indefinitely. Even if BTC's annual price increase is 0%, Strategy will still have dividend funds for 31 years.
Kenyan regulators are tendering for blockchain tools to track crypto crime.
PANews reported on July 8th that, according to Decrypt, the Kenya Capital Markets Authority is tendering for a blockchain monitoring tool to track fraud, money laundering, and sanctions evasion on more than 20 public blockchains. This move aims to support law enforcement needs under Kenya's new crypto legal framework. The platform will automatically issue alerts for high-risk wallets, large transfers, coin mixers, Dark Web linked addresses, and sanctioned entities, and will screen transactions against UN and US Office of Foreign Assets Control sanctions lists.
Analysts: Apparent demand for Bitcoin has been almost entirely negative this year, but has recently improved.
According to Mars Finance, on July 7th, CryptoQuant analyst Darkfost published an article stating that Bitcoin's apparent demand has been almost entirely negative this year, reflecting continued weak market demand, a key reason for the ongoing pressure on Bitcoin's price. However, recent improvements in demand have helped BTC maintain its consolidation within the current price range. On June 3rd, Bitcoin's apparent demand plummeted to a year-low of -275,000 BTC, but has since recovered to approximately -75,000 BTC. While the magnitude of this improvement is noteworthy, a true recovery in demand requires the indicator to return to positive territory. He explained that the apparent demand indicator is calculated by the difference between "newly issued BTC" and "BTC supply that has not moved in over a year," and can be used to measure whether the structural accumulation by long-term holders is sufficient to absorb the new supply on the network. Currently, while long-term demand has recovered somewhat, it has not yet reached a level sufficient to drive the market into a new upward trend.
Bitcoin defied the trend and broke through $64,000; "Moji" took the opportunity to add to his long positions, and his weekly profit has exceeded $400,000.
According to BlockBeats, on July 7th, Bitcoin initially fell but then rebounded overnight following the negative news of Strategy's historic sell-off of 3588 BTC, briefly breaking through $64,000 this morning and leading a rebound in major cryptocurrencies. According to HTX market data, as of press time, Bitcoin was trading at $64,007.31, up 0.81% in the last 24 hours, while Ethereum was trading at $1797, up 0.51% in the last 24 hours. Furthermore, according to HyperInsight monitoring, "Maji" has been continuously adding to his positions during the market rebound, and his Ethereum long positions have now reached $17.08 million, with a liquidation price of $1765.32. However, amidst the strong market rebound, Maji has already made over $400,000 in profit in the past week.