Thielen Says Bitcoin (BTC) Could Reach $90,000 After a Pullback
Photo: TokenPost
Markus Thielen, founder of 10x Research, says Bitcoin (BTC) could fall to $77,000-$79,000 before potentially reaching $90,000 by year-end, arguing institutional options trading has made sharp rallies less common. Thielen links the shift to Wall Street trading and profit-taking by large BTC holders. He says institutional traders sell call options after prices rise, reducing the abrupt surges seen in earlier cycles. Thielen estimates market makers may account for about half of the $60 billion in net inflows to spot Bitcoin exchange-traded funds he analyzed.
Source: TokenPost
