BITCOIN EYES $139K BY YEAR-END AMID ONCHAIN STRENGTH

Summary from the TLDR Crypto newsletter

Bitcoin's reaction to macro and industry shocks has shifted from panic selling to reinforcement of its narrative as a hedge against traditional assets. A 21Shares report forecasts that a year-end price of $138,555 is reasonable, given that the current cycle mirrors 2021's post-China-ban reset, with disillusionment in traditional finance and rising global liquidity. Onchain metrics, like long-term holder accumulation, combined with growing spot ETF inflows and clearer regulation suggest the market remains in a bullish consolidation phase.