Despite heightened market volatility and a general downturn, experts remain optimistic that Bitcoin is expected to end the fourth quarter on a positive note. Bitcoin needs to rebound by at least 10% to reach the quarterly breakeven price of $114,000. If it can break through this level, the trend of this quarter will turn upward.
"The impact of the US-China trade war on risk assets such as cryptocurrencies may be greater than expected," said Daniel Liu, chief executive of Republic Technologies, adding that a possible US government shutdown had also added to the wait-and-see mood.
Adam Chu, principal researcher at GreeksLive, said the caution was reflected both in market behaviour and a decline in liquidity. Citing cryptocurrency options data, he noted that neither the bulls nor the bears had an advantage. "Instead, they expect the market to remain range-bound," Zhu said.
The analyst also highlighted systemic risks, warning that "potential institutional defaults could happen at any time" and that "recent ongoing defaults in the decentralized finance (DeFi) and stablecoin sectors may signal a prelude to the crisis".
Analyst: If Bitcoin can break through the quarterly break-even price of $114,000, the trend will turn upward this quarter
2025-11-07 06:55:50
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