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Bitcoin's price surge and record short liquidations suggest $100K year-end target may be too low

Market News
22 Aug 2026
Bitcoin
View Source
Bullish
Bitcoin's price surge and record short liquidations suggest $100K year-end target may be too low

Bitcoin surged to $79,500, driven by a record $1.44 billion in short liquidations and strong inflows into U.S. spot bitcoin ETFs totaling about $1.92 billion over five days. Standard Chartered's analyst Geoffrey Kendrick now sees a potential year-end rally toward bitcoin's $126,000 all-time high, a 58% increase from current levels. This rally was supported by U.S. Treasury liquidity measures and political support for crypto regulation, which boosted investor confidence. The bank projects bitcoin could reach $100,000 this year and $500,000 by 2030, highlighting growing institutional demand and market momentum.

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BlackRock lowers in-kind conversion minimum for iShares Bitcoin Trust to $1M from $25M

BlackRock lowers in-kind conversion minimum for iShares Bitcoin Trust to $1M from $25M

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