10x Research: Bitcoin Remains in an Uptrend Cycle, Next Target is $122,000
10x Research reports that on-chain data shows Bitcoin is systematically flowing from early investors to high-net-worth individuals, hedge funds, and corporate treasuries. The current rise is not driven by retail frenzy but is a controlled asset rotation led by large holders. Historical experience suggests that the real risk is when long-term holders stop selling. Currently, their holdings are still increasing, indicating the cycle is not over. Institutions expect Bitcoin's next target price to be $122,000.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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