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Bitcoin volatility spikes as Standard Chartered revises year-end targets upward
Bitcoin has experienced significant volatility, characterized by a rapid rally followed by a sharp correction. The cryptocurrency recently saw a massive short-liquidation event, with Coinglass data indicating that short liquidations approached $1.44 billion during the August rally. This surge was accompanied by renewed demand from spot Bitcoin ETFs, which recorded $2.07 billion in net inflows for August.
Following the rally, Bitcoin faced downward pressure, dropping from highs near $79,500 to levels below $76,000. This downturn triggered approximately $547 million in liquidations, primarily affecting leveraged long positions. Despite this pullback, market sentiment remains mixed. Standard Chartered's Geoff Kendrick noted that the bank's previous year-end target of $100,000 may now be too low, suggesting Bitcoin could potentially reach its previous record high of $126,000 by the end of the year.
On-chain data also highlights large-scale movements, including a single whale selling 7,770 BTC valued at approximately $576.6 million over a three-day period. While some analysts warn of an overbought market and potential further corrections toward the $69,000-$70,000 range, others point to the Bitcoin Bull Score crossing the 60 threshold—a signal not seen since October 2025—as a sign of a potential regime shift toward a bullish cycle.
Entities
Binance · Bitcoin · Bitcoin · Coinglass · CryptoQuant · Galaxy Research · Geoff Kendrick · Geoffrey Kendrick · Kobeissi Letter · MicroStrategy · QCP Capital · Standard Chartered
Claims
What the coverage asserts, and how many sources carry each claim.
- [○ 1 SOURCE] A single Bitcoin whale sold 7,770 BTC valued at approximately $576.6 million over three days. www.tokenpost.com
- [● 4 SOURCES] Bitcoin could potentially reach a record high of $126,000 by the end of the year. www.borsaningundemi.com · www.dunya.com · news.bitcoin.com · thanhnien.vn
- [○ 1 SOURCE] Spot Bitcoin ETF net inflows for August reached $2.07 billion. thanhnien.vn
- [○ 1 SOURCE] The Bitcoin Bull Score crossed the threshold of 60 for the first time since October 2025. cryptoast.fr
- [● 6 SOURCES] Standard Chartered's year-end Bitcoin target of $100,000 may be too low. www.gulf-insider.com · www.borsaningundemi.com · www.dunya.com · news.bitcoin.com · thanhnien.vn
- [● 2 SOURCES] Bitcoin short liquidations approached $1.44 billion during the August rally. news.bitcoin.com
- [● 2 SOURCES] U.S. spot Bitcoin ETFs recorded $307.45 million in net inflows on August 21. bitcoinethereumnews.com · coinpedia.org
- [● 3 SOURCES] Bitcoin's drop from $79,500 to $77,000 generated approximately $547 million in liquidations. bitcoinethereumnews.com · coinpedia.org · cryptobriefing.com