Bitcoin Bulls Eye $ 120,000 – Will the financing rates decrease the next end? star-news.press/wp

After the short weekend declined, Bitcoin (BTC) returned to the right track, and continued to follow all of the increase in the M2 Global Money Supply and Wyckoff accumulation. While some analysts expect BTC to reach the highest new level ever at $ 120,000 in the coming weeks, low financing rates raise some caution.

Bitcoin to strike $ 120,000 soon?

In the X Publication published today, I noticed TED PLUDS, an experienced commentator in the encryption market, that Bitcoin is still simultaneously with Wyckff and IS Tracking Growth in the global M2 money show.

For beginners, the M2’s global cash offer indicates the total amount of money traded around the world, including cash, deposit inspection, and convertible deposits near funds such as deposits. It is a major indication of global liquidity and the central bank’s monetary policy, and is often used to assess the risk of inflation and economic growth capabilities.

The following graph analyst, which shows the growth of the M2 (white) cash supply (white) that leads to the work of the Bitcoin (blue). Based on the graph, BTC may reach $ 120,000 in the coming weeks and may reach $ 153,000 by October 2025.

Merlijn Trader’s colleague Repeat Ted’s view, saying that BTC is “playing the classic Wyckoff scenario.” After a liar, April 2025, which witnessed the BTC deviation to $ 75,600, digital assets now enter the “take off” stage, which is usually characterized by a strong upward price movement.

BTC financing rates decreased on Binance

While WyckFF style indicates more BTC gains, exchange data shows a different story. Specifically, financing rates on Binance indicate an increase in short interest among merchants.

According to Cryptoquant Quicktake Post by Borisvest shareholder, a large number of traders are betting on the assembly. However, if the BTC price continues, these traders may be at risk of liquidation.

The analyst pointed out that the mismatch between the financing rates and the work of prices often leads to forcing short references or margin calls. Both the result can Elaborate Against price in price.

Since Binance is the biggest trading exchange exchange, funding rates often serve as an agent of the broader market morale. Borisvist explained:

As Bitcoin continues to rise, these short pants face increased pressure and are gradually forced to get out of the market – either by liquidation or margin calls. This process speeds up the bullish momentum, which leads to the creation of a reaction loop that drives prices up.

However, strong recruitment data in June 2025 did not show any signs of economic weakness, which reduces the possibility of reducing the rate of term from the federal reserve, which can weight On the origins of risks such as bitcoin. At the time of the press, BTC is trading at 108,435 dollars, a decrease of 0.4 % in the past 24 hours.

Distinctive image from Unsplash.com, charts from Cryptoquant, X, and TradingView.com

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