According to CoinMeta, as reported by A early issuer of in, SDB's Global Head of Digital Assets Research, Geoff Kendrick, stated that the forecast for Bitcoin to reach $100,000 by the end of the year is conservative, and there is a possibility that the market could challenge $126,000 before the end of the year. He pointed out that the recent rise in Bitcoin has been driven by short liquidations and inflows of spot Bitcoin ETF funds, and with the lower volume of open contracts, more investors may enter the market. Kendrick believes that the rebound momentum of Bitcoin has accelerated since October 6th.