Standard Chartered Bank: Expects BTC to rebound this weekend, ETF inflows may help it return above $100,000

2025-02-16 08:00:19

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ChainCatcher news, Standard Chartered's Global Head of Digital Assets Research, Geoffrey Kendrick, stated in a recent report that Bitcoin has declined for five consecutive weekends, but this trend is expected to change this weekend. A slight increase this weekend could trigger ETF inflows on Monday, pushing its price back to $100,000 and then up to $102,500.

The last few weekends (from Friday at 5 PM to Sunday at the same time, New York time) have been particularly tough for Bitcoin, with negative news putting pressure on it. A key event was the DeepSeek news over the weekend of January 25 to 26, followed by the weekend of February 1 to 2, when Bitcoin was hit by tariff news from Canada and Mexico.

It noted: "This is not 'normal', this weekend (February 15 to 16) will be 'different', as the negative events have already occurred, and the U.S. 10-year Treasury yield fell below 4.5% this week, which is a positive signal for risk assets like Bitcoin. Lower yields often relieve the pressure on speculative investments, making a rebound more likely."

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