Key takeaways
- The Standard Chartered suspects’ strategy could announce a bitcoin purchase of 320 BTC or 3,200 BTC.
- Predictions predict that bitcoin will reach $100,000 by the end of 2026 and $500,000 by 2030.
- Institutional demand could strengthen if the strategy resumes large-scale bitcoin accumulation.
Standard Chartered sees the rebound in its strategy as BTC Test fragile soil
Bitcoin liquidations separate conviction from forced selling before testing potential price floors. According to Geoffrey Kendrick, global head of digital assets research at Standard Chartered, this week’s report crypto weakness intensified after strategy (Nasdaq: MSTR) sold 32 BTCa transaction that responds to corporate criticism bitcoin cash models while BTC was already under pressure.
Standard Chartered’s focus is not on the sale but on the likely response. Strategy sold 704 BTC on December 22, 2022, for tax optimization, then purchased 810 BTC two days later, giving the bank a clear precedent to expect further accumulation after the latest sale.
Kendrick wrote:
“I suspect the buying after selling will be more aggressive – I think either 10x (+320 BTC) or 100x (+3200 BTC).”
This expectation places Strategy’s upcoming disclosure at the heart of the market’s near-term direction. A 320 BTC the purchase would exceed the recent sale by 10 times, while a 3,200 BTC an acquisition would exceed it by 100 times and would strongly challenge the idea that strategy has shifted from buyer to seller.
Speculation increased after executive chairman Michael Saylor job “A good time to add more points” alongside Strategy’s bitcoin tracker, a phrase that traders often read as a signal of potential accumulation. The company still held 843,706 BTCkeeping MSTR closely linked to BTC Price fluctuations, future purchase expectations and the possibility that any subsequent purchases may outweigh the recent sale.
ETF Holdings shows why Standard Chartered is questioning the next seller
The context of prices gives the thesis more acute stakes. BTC detained above a low of $59,100 while short-term charts showed oversold conditions and resistance near $63,000 to $64,000, making the strategy’s next move potentially decisive for traders monitoring whether the bounce is a relief or a reversal.
Standard Chartered’s broader forecast presents the sell-off as painful, but without breaking the thesis. The bank forecast BTC to $100,000 by the end of 2026, increasing to $200,000 in 2027, $300,000 in 2028, $400,000 in 2029 and $500,000 by 2030. projects ETH to $4,000 by the end of 2026, followed by $10,000 in 2027, $18,000 in 2028, $28,000 in 2029, and $40,000 by 2030, reflecting continued confidence in blockchain-based financial infrastructure.
Kendrick wrote:
“I think that when we look at the end of 2026 with BTC at $100,000 and ETH At $4,000, we’ll say this was the buying zone we all wanted.
Bitcoin ETFs holdings now appear stronger than Standard Chartered feared in February. The bank rated this place Bitcoin ETFs assets increased from around 682,000 BTC before falling back to around 674,000 BTCleaving exposure broadly unchanged despite recent market weakness.
Derivatives markets also suggest a significant amount of leverage has already been deleted. Standard Chartered explained that approximately $1.5 billion in BTC futures positions were liquidated this week, on a similar scale to liquidation waves from January 29 to 31 and February 3 to 6.
Together, these trends support the bank’s view that additional selling pressure may be harder to come by. With ETF holdings broadly unchanged at around 674,000 BTC, leverage reduced by liquidations and Strategy potentially becoming a net buyer, the sources of further downward pressure appear less obvious than earlier this year.
