Recent analyses from industry experts suggest that Bitcoin (BTC) could be approaching a new all-time high within the next 100 days. Esteemed Bitcoin economist Timothy Peterson cites favorable market conditions, correlating them with the CBOE Volatility Index (VIX), which indicates expected market volatility.
In a recent analysis shared on social media, Peterson noted a significant drop in the VIX from 55 to 25 over the previous 50 trading days. A VIX score below 18 signals a “risk-on” environment, which historically benefits assets like Bitcoin. Based on his model, which boasts a remarkable 95% accuracy rate, he projects a target price of $135,000 for Bitcoin if the VIX remains low. This projection emphasizes Bitcoin’s responsiveness to shifts in market sentiment, where lower volatility can stimulate investments in riskier assets.
From another perspective, Fidelity’s global macro director, Jurrien Timmer, compares Bitcoin’s dual nature to “Dr. Jekyll and Mr. Hyde.” Timmer articulates that while Bitcoin can serve as a store of value (Dr. Jekyll), it also behaves as a speculative investment (Mr. Hyde), distinguishing it from traditional hard money assets like gold, which tends to be more stable. He further explains the intricate relationship between Bitcoin and the global money supply, stating that Bitcoin tends to thrive when M2 money supply increases alongside stock market rallies. However, during market corrections, Bitcoin’s performance can suffer.
Adding further context, data from CryptoQuant has revealed that the stablecoin market capitalization has reached a new record of $220 billion. This influx signals a possible liquidity surge within the cryptocurrency market, which bodes well for Bitcoin’s potential price trajectory as capital flows resume.
Despite the ongoing upward trend in Bitcoin’s price, recent trading data shows a notable shift in market dynamics. The funding rates for Bitcoin futures have turned negative, suggesting an increase in short positions as traders anticipate a reversal. This shift, reflected in the funding rate hitting unprecedented lows in 2025, indicates that short-side liquidity outweighs long-side liquidity, creating conditions ripe for a potential short squeeze.
Analysts posits that this imbalance may propel Bitcoin towards the $100,000 mark, especially considering that over $3 billion is currently at risk for short-side liquidations. Such conditions could enhance upward momentum and catch bearish traders unprepared, further contributing to Bitcoin’s ascent.
Note: This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making financial decisions.
