Institutions Stay Optimistic, But Bitcoin’s Bull Run May Be Nearing Its Peak

A joint report by Coinbase and Glassnode indicates that while a majority of institutional and non-institutional investors remain optimistic about Bitcoin over the next three to six months, there are signs the current bull run may be nearing its peak. Tailwinds include global liquidity and favorable regulation, but caution is advised following a major leverage flush. Analysts project two more Federal Reserve rate cuts this year, potentially drawing $7 trillion from Money Market Funds into risk assets. However, the report warns of an expected liquidity contraction in early November due to a US government shutdown and Quantitative Tightening (QT). While 67% of institutional investors are optimistic short-term, nearly half (45%) believe the market is in the "late-stage bull." Both groups cited the macroeconomic environment as the primary near-term risk. Despite these concerns, major financial institutions maintain lofty year-end forecasts for Bitcoin, ranging from $133,000 (Citigroup) to $220,000 (Goldman Sachs, based on gold reaching $5,000).

(Source：BeInCrypto)