This article has garnered significant attention from the crypto community.
In the article, analysts highlight several bullish indicators suggesting that Bitcoin (BTC) could reach $135,000 within the next 100 days. Key factors include low market volatility (as indicated by a declining VIX), increasing stablecoin liquidity, and a negative BTC funding rate, which could lead to a short squeeze. These elements collectively point toward a potential breakout to new all-time highs.
Bitcoin acts as both store of value and speculative asset
Fidelity’s director of global macro, Jurrien Timmer, described Bitcoin’s dual identity as “Dr. Jekyll and Mr. Hyde.” He emphasized that BTC can function both as a store of value and a high-beta speculative asset, depending on macroeconomic cycles.
Timmer noted that BTC tends to surge during periods of M2 money supply expansion and rising stock markets, aligning with the current economic landscape. However, during equity corrections or contracting liquidity, BTC’s performance becomes less predictable — a contrast to gold’s steadier role as “hard money.”
Negative funding rate sets up short squeeze risk to $100K
In a significant shift, BTC perpetual futures funding rates have flipped negative, reaching their lowest point in 2025. This suggests that short positions dominate, as traders increasingly bet against the rally.
As shown in Velo.chart’s 4-hour BTC funding data, this imbalance creates conditions for a short squeeze, where rising prices force short sellers to cover positions — accelerating upside moves. Cointelegraph reports that over $3 billion in short positions are at risk of liquidation, potentially driving Bitcoin past $100,000 in the near term.
