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Standard Chartered Bank: Bitcoin is expected to rebound this weekend, and ETF inflows may help it return to above $100,000
2025-02-15 23:58:02

Odaily News Geoffrey Kendrick, head of global digital asset research at Standard Chartered Bank, said in a recent report that Bitcoin has fallen for five consecutive weekends, but the trend is expected to change this weekend. A small increase this weekend may trigger ETF inflows on Monday, pushing its price back to $100,000 and then to $102,500.
Recent weekends (5 p.m. Friday to Sunday New York time) have been particularly tough for Bitcoin, with negative news weighing on it. A key event was the DeepSeek news on the weekend of January 25-26, and the following weekend, February 1-2, Bitcoin was hit by news of tariffs from Canada and Mexico.
It pointed out: "This is not 'normal', this weekend (February 15-16) "will be different" because negative events have occurred, and the US 10-year Treasury yield is below 4.5% this week, which is a positive signal for risky assets such as Bitcoin. Lower yields tend to ease the pressure on speculative investments, making a rebound more likely. (The Block)