VanEck says Bitcoin's quiet summer trading masks a tightening supply base, with cautious derivatives and weak miner economics weighing on the near term even as long-term holders continue accumulating.
Bitcoin price fell below $63,000 as U.S. strikes on Iran and renewed U.S.-China tensions sparked a broader risk-off sell-off, though analysts say resilient onchain data and renewed ETF inflows suggest buyers are quickly stepping back into the market.
Standard Chartered reaffirmed its $100,000 end-2026 Bitcoin price target, calling Bitcoin "a screaming buy" and arguing that Strategy's recent sell-off reflects a communication issue around its new monetization strategy rather than a weakening Bitcoin outlook.
Bitcoin price has plunged below $60,000 after a perfect storm of ETF outflows, hawkish Fed signals, geopolitical inflation fears and shaken market confidence.
