Galaxy Digital Adjusts Bitcoin Year-End Target Amid Market Shifts
- Galaxy Digital has reduced its Bitcoin year-end target for 2025 from $185,000 to $120,000.
- The adjustment is attributed to a “major, multi-week selloff,” with Bitcoin trading below $100k for the first time since late June.
- Key factors include significant coin transfers from old holders to ETFs and new institutional buyers, impacting market momentum.
- October saw a significant leverage wipeout affecting market liquidity and confidence.
- Other investment narratives like AI and gold have drawn capital away from Bitcoin.
Galaxy Digital’s revision of the Bitcoin target reflects changes in market dynamics, including institutional absorption and passive flows dominating over retail surges. The firm emphasizes that these shifts are cyclical rather than existential, suggesting a maturity era for Bitcoin markets.
With BTC trading at $103,093, Galaxy’s forecast highlights the impact of structural changes on price targets while maintaining confidence in long-term investment potential. (Source )
