Geoff Kendrick of Standard Chartered has suggested that Bitcoin could approach its previous all-time high of $126,000 after October 6, driven by a recovery in spot Bitcoin ETF inflows. This outlook highlights renewed investor interest in Bitcoin as exchange-traded fund activity picks up, according to CoinTelegraph.
Kendrick’s projection comes amid a broader crypto market environment where Bitcoin recently tested the $100,000 level as a psychological benchmark. The recovery in ETF inflows is seen as a key factor that could support upward momentum in the near term.
For Japanese investors, this potential rally in Bitcoin aligns with increasing local appetite for regulated crypto investment products, which may benefit from global ETF trends impacting market sentiment.