The Wolf Of All Streets Will Bitcoin Drop Below $100K?
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Aug 6, 2025 Peter Tchir, Head of Macro Strategy at Academy Securities, shares his insights on the current bearish trends in crypto markets. He discusses the possibility of Bitcoin dropping below $100,000 and highlights Ethereum's impressive rebound amid shifting investor sentiment. The conversation covers innovative treasury management strategies in corporations and the potential new role of privateers in combating crypto theft. Tchir emphasizes the need for collaboration between private sectors and government to address growing cybersecurity threats.
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Bearish Sentiment in Crypto Market
- The crypto market shows signs of bearish sentiment with traders hedging for price drops.
- This contrasts with previous excitement, reflecting profit-taking and uncertainty about the next major adopter or leading asset.
Ethereum Gaining Institutional Interest
- Ethereum is gaining renewed institutional interest, seen outperforming Bitcoin recently.
- It's viewed as modular and controllable compared to rivals, with promising staking regulations boosting appeal.
Traders Hedging Bitcoin Below $100K
- Options data show traders betting on Bitcoin dipping below $100,000 by August 29th.
- Polymarket suggests about a 53% chance of Bitcoin dropping below $100K before 2026, indicating cautious sentiment.