21Shares CIO: Reclaiming $85K would trigger major Bitcoin rally

Adrian Fritz, CIO of global ETP issuer 21Shares, projected that Bitcoin could surpass $100,000 by the end of the year if macroeconomic conditions are supportive, noting that spot Bitcoin ETFs have created structural buying pressure by absorbing $2 billion this year alone. Fritz highlighted that Bitcoin's daily trading volume exceeds $50 billion, showing stable liquidity comparable to large tech stocks. He also analyzed that the inclusion of Bitcoin in portfolios by major asset managers like Morgan Stanley has become a decisive turning point. Fritz identified inflation indicators and oil price trends as key variables for breaking through the $80,000 level. He stated that a true upward rally would begin if Bitcoin reclaims its 200-day moving average of $85,000. Regarding the altcoin market, Fritz predicted a reorganization away from the indiscriminate rallies of the past, with a new focus on projects that generate real revenue and cash flow.