Bitcoin Price Crashes To $107,000, Analysts Say Its A Buy

Bitcoin price is hovering in the mid-$107,000 range as analysts from both VanEck and Standard Chartered see more upside.

Jeffrey Kendrick, Global Head of Digital Assets Research at Standard Chartered Bank See Bitcoin’s near-term decline to below $100,000 is seen as “inevitable” due to factors such as renewed trade tensions between the US and China.

However, Kenrick sees any decline in Bitcoin’s price as likely to be short-lived and a buying opportunity.

Kendrick highlights gold flows into Bitcoin as a leading indicator, noting that recent rotations – selling gold to buy Bitcoin – could signal stability and represent a bottom.

Despite the volatility, Kendrick remains optimistic, maintaining his forecast of $200,000 by the end of the year, and $500,000 by 2028.

He advises investors to remain flexible and be prepared to buy on dips below $100,000, calling it likely “the last time Bitcoin will ever be below this.”

Bitcoin’s price decline represents a mid-cycle reset driven by liquidity

Bitcoin’s sharp correction in October reflects a liquidity-based mid-cycle adjustment rather than the beginning of a bear market. According to To the latest ChainCheck report from VanEck.

The asset manager highlighted that although Bitcoin fell by approximately 18% in early October, leverage has returned to normal, on-chain activity continues to mature, and the cryptocurrency’s overall role as a hedge against the decline in the value of fiat currencies is strengthening.

VanEck analysts Matthew Siegel and Nathan Frankowitz noted that global liquidity — measured by the M2 money supply — continues to explain more than half of Bitcoin’s price variation, strengthening its status as an “anti-money printing” asset.

The company notes that Asian trading sessions have increasingly led global Bitcoin price movements, with recent declines linked to tightening liquidity in Asia as central banks defend their currencies.

Bitcoin price flow creates opportunity

Speculative leverage peaked in early October, with open interest in futures reaching $52 billion before successive liquidations sent Bitcoin falling from more than $125,000 to around $105,000.

As of mid-October, leverage levels are back at the 61st percentile of historical ranges. VanEck views the drawdown as a “healthy deleveraging event” that removes speculative excess and creates entry opportunities.

The company asserts that institutional participation in regulated markets such as the Chicago Mercantile Exchange has increased, indicating a maturity of the derivatives landscape and greater integration of Bitcoin into traditional finance.

Activity across the chain reflects market maturity

Bitcoin fundamentals continue to strengthen. On-chain metrics show steady growth of activity, with 722,000 daily active addresses and total conversion volume rising 21% month-on-month to over $86 billion.

VanEck emphasized in her report that Bitcoin’s long-term trajectory is linked to global liquidity trends and its growing status as a macro hedge.

VanEck includes Bitcoin in its model portfolios with allocations between 1.5% and 6%, viewing systematic exposure and opportunistic buying during market declines as prudent strategies.

Bitcoin price volatility

Bitcoin rose yesterday after Federal Reserve Governor Christopher Waller signaled a major shift in US cryptocurrency policy, announcing a “skinny key account” programme. The initiative would give eligible fintech and digital asset companies limited, direct access to the Fed’s payment system, bypassing traditional banks.

Since then, the price has slowly declined over the past 24 hours.

Bitcoin’s price rose above $125,500 in early October 2025, hitting all-time highs as political gridlock in Washington and expectations of interest rate cuts by the Federal Reserve pushed investors toward alternative assets.

The price has risen more than 13% in a week, rebounding from $109,000 to nearly $126,000, supported by inflows into spot bitcoin ETFs and growing institutional demand. The market really viewed Bitcoin’s rise as a safe haven response to financial uncertainty. There were potential expectations and goals ranging from $135,000 to $200,000 by the end of the year.

The rally coincided with Bitcoin’s seasonal “Uptober” trend, its strongest quarter historically. Gold also continued its record run this month as well, rising to $4,381 an ounce amid central bank purchases and a weak dollar.