Standard Chartered Bank: Three reasons to push BTC to $200,000 this year, Whale buys a large amount of BTC call options during pullback

Standard Chartered's global head of digital asset research, Geoff Kendrick, reiterated his prediction that BTC will reach a new high of $200,000 this year and surge to $500,000 by the end of Trump's term. Despite the recent setback caused by the start of the tariff war, Standard Chartered Bank remains bullish on BTC. Kendrick believes that the friendly regulatory environment for cryptocurrency under the Trump administration and the expansion of investment channels will support BTC. Other reasons include the listing of BTC Spot ETF by the SEC, the recognition of BTC at fair value on corporate balance sheets, and the potential establishment of BTC reserves by the Trump administration. Additionally, the negative funding rate for BTC has historically signaled a strong rebound, and recent OTC trading data suggests whale accumulation of over 30,000 BTC. Analysts also noted that whales have been buying large amounts of call options during the recent pullback, indicating an overall optimistic market sentiment. Although the market suffered a significant setback, the future of cryptocurrency remains bright. However, analysts caution that it may take at least 2 months for BTC to recover from the recent whipsaw, and a V-shaped rebound is unlikely.