What Bitcoin Needs to Do to Get Back to the $100K–$120K Zone, Copper Reveals

UK digital asset custodian Copper believes Bitcoin's prolonged slide is nearing its end, showing "late downtrend behaviour" typical before major reversals. The firm notes that the market's sensitivity to ETF flows has decreased, indicating heavy selling has been absorbed. Copper defines structural price zones based on ETF ownership: $40K–$60K, $70K–$90K, and the upper plateau of $100K–$120K. Historically, entering a new band brings 10-13% gains, but once a band is fully occupied, returns flatten. Bitcoin is currently in the highest band ($100K–$120K zone), which historically shows slightly negative forward returns, explaining recent stagnation. For Bitcoin to return to the $100K–$120K range sustainably, ETF flows must either significantly retrace to a lower band or show sustained accumulation to break into a higher zone. Separately, Coinbase UK CEO Keith Grose noted positive structural shifts in European institutional adoption, citing regulatory progress like the Czech National Bank's digital asset pilot.

(Source：BeInCrypto)