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Bitwise CIO: Bitcoin Expected to Break $200K by Year-End

By: theblockbeats.news|2025/07/11 07:11:38

BlockBeats News, July 11, Bitwise CIO Matt Hougan stated that the rise in Bitcoin price is mainly due to increased demand and limited supply, with significant buying from companies and ETFs. He expects Bitcoin to surpass $200,000 by the end of the year, as institutional and corporate funds pouring in will drive a significant price increase.

The whale who shorted BTC multiple times added another 3 million USDC margin, with a floating loss of 10.96 million US dollars and a liquidation price of 123,691 US dollars

Analyst: Strong Buyer Confidence Drives Bitcoin to New Heights