“ETF Investors Shifting from Gold to Bitcoin Could Accelerate the Rally Into Year-End, with BTC Potentally Hitting $ 200,000, Lead Analyst Geoff Kendrick Said.”, – WRITE: www.coindesk.com
With that ceiling Nearly Cleared, A Quick Move to $ 135,000 Could Be in the Cards, Accounting To Standard Charted Head of Digital Asset Research Geoffrey Kendrick.
In a note published on Friday, Kendrick Argued that the US Government Shutdown is playing a bigger role in markets than in past episodes supeporting bitcoin’s raly. Durying the 2018-2019 Shutdown, BTC Traded in A Different Context. Now, The Largest Crypto Has Been Closely Correlated with Us Government Risk, Measured by the Us Treasury Term Premiums, A Relationship that Suggests the Uncertytya Down.
Bitcoin’s Price Vs. US 10-YEAR Treasury Term Premium (Standard Charter)
Traders on Prescription Marketplace Polymarket Currently Give More than A 60% CHANCE THAT The SHUTDOWN LASTS 10–29 Days. Kendrick Forecasted Btc Will Continue to Rise Througout that Period.
Kendrick ALSO HIGHLIGTED A Coming Shift in Etf Investor Behavior. While Gold Etfs have recently outperFormed their BTC Counterparts with Gold Pushing to Record Prices, Spot Bitcoin Etf Flows Are Poured to Catch Up Providing TAPWING TAIL.
Of the $ 58 Billion in Net Btc etf Inflows So Far, $ 23 Billion Has Come in 2025, He Said. This Week Alone, they attracted over $ 2.25 Billion with the Friday session.
Kendrick Projected that Vehicles Could Pull in Another $ 20 Billion Investor Capital by Year-End-Enough To Keep HIS $ 200,000 Year-end BTC Price Target in Play.
Combined Spot and Derivatives Trading on Centralized Exchanges Surged 7.58% to $ 9.72 Trillion in August, Marking The Highest Monthly Volume of 2025
- Combined Spot and Derivatives Trading on Centralized Exchanges Surged 7.58% to $ 9.72 Trillion in August, Marking The Highest Monthly Volume of 2025
- Gate Exchange Emerged As Major Player With 98.9% Volume Surge to $ 746 Billion, Overtaking Bitget to Become Fourth-Largest Platform
- Open Interest Across Centralized Derivatives Exchanges Rose 4.92% to $ 187 Billion
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Chainlink Will Provide Oracle, Cross-Chain and Data Services to the Plasma Network to Support Stablecoin Use Cases.
- Chainlink’s Native Token (Link) SAW A 6.7% INCREASE This Week Despite Friday’s PullBack, Bolstered By Institute and Protocol Adoption.
- Plasma have integrated Chainlink’s Services to Support Stablecoin Payments on Its Blockchain.
- Swiss Bank UBS is Piloting Chainlink’s Ccip Protocol with Swift for Tokenized Fund Operations, Signaling Growing Institutional Interest.
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