Key points from VanEck's mid-August 2025 report
- VanEck strongly maintains the target of $BTC 180K USD by the end of 2025 despite temporary market fluctuations.
- Strong cash flow from ETFs/DATs indicates sustainable appeal from institutional investors. However, recent low volatility, if continued, could make the market less attractive.
- Mining activity shows steady growth, with robust infrastructure serving as a support for the market.
- Seasonal & technical risks: Low implied volatility, combined with large options positions - need to monitor closely to avoid missing a major wave or getting caught in a strong correction.
- If the Fed cuts interest rates, momentum may be extended. But if not, or if BTC lacks new momentum, the market may enter a correction phase.
