Bitcoin Market Brief: Bullish Signals Point to $135K Target
✅ Key Bullish Drivers
📉 Low Volatility (VIX)
VIX has dropped significantly, signaling a "risk-on" environment.
Bitcoin historically thrives in such low-volatility, high-liquidity settings.
Timothy Peterson’s model suggests BTC could reach $135K within 100 days if this persists.
💵 Stablecoin Liquidity Boom
Over $220B in stablecoins signals massive dry powder ready to enter BTC.
Low Stablecoin Supply Ratio (SSR) implies BTC is undervalued relative to liquidity.
📉 Negative Funding Rates (Short Squeeze Setup)
Funding rates are at their lowest for 2025, with ~$3B in shorts vulnerable.
A price uptick could trigger a short squeeze, rapidly pushing BTC above $100K.
📈 Massive ETF Inflows
April 22 saw $912M in spot ETF inflows; $3.6B flowed in over one week.
ETFs like BlackRock’s IBIT now drive major demand, with over $100B+ AUM.
🐋 Whale Accumulation
Wallets with 1,000+ BTC and 100+ BTC are increasing.
Whales are absorbing >300% of new issuance, indicating strong hands buying dips.
📊 Technical Patterns (Golden Cross)
BTC’s 50-day EMA crossed above the 200-day EMA (golden cross) – a classic bullish signal.
RSI still not deeply overbought, suggesting more room to climb short-term.
🌍 Macro Environment
Easing inflation boosts hopes for Fed rate cuts.
Low rates and expanding global liquidity historically support BTC rallies.
⚠️ Risks to Watch
Overbought Levels: RSI nearing 70 could signal short-term consolidation.
Volatility Return: A VIX spike or macro shock (Fed policy, geopolitics) could reverse momentum.
Psychological Resistance: The $100K level may act as a temporary barrier.