A record-setting $19 billion liquidation in the crypto market dragged Bitcoin down to around $104,000, but some analysts believe the fallout could mark a turning point. According to Standard Chartered’s global head of digital-assets research, this correction may be exactly the buying opportunity that fuels Bitcoin’s resurgence toward $200,000 by year-end.
Over the weekend of 10 October, the crypto markets endured a staggering $19 billion liquidation event, sending Bitcoin to a four-month low of approximately $104,000. Such a sharp drop rarely comes without consequences, but also seldom without opportunity. According to Geoff Kendrick of Standard Chartered, as the dust begins to settle investors may perceive the sell-off as a renewed accumulation phase.
Kendrick remains confident that by the end of 2025 Bitcoin could reach $200,000, noting that even in a conservative “bear-case” scenario he expects a price well above $150,000 — assuming favourable monetary policy, particularly continued interest-rate cuts by the Federal Reserve. He points to two primary catalysts: inflows into Bitcoin exchange-traded funds (ETFs) and the revival of Bitcoin’s status as a safe-haven asset linked to gold.
Market shake-out and the potential rebound opportunity
Indeed, ETF funds saw net positive inflows of roughly $477 million in just one week after a period of politically driven outflows. As gold reaches new highs, Kendrick argues, Bitcoin stands to benefit from the same macro narrative of value preservation in uncertain times.
From this perspective, the $19 billion crash may not simply be a moment of despair but rather the prelude to a rebound. Investors who view the decline as an “entry point” could position themselves ahead of the next leg up. Markets may need several weeks to stabilise — but once they do, conditions may favour accumulation.
In summary, while volatility remains high and risk is very real, the current dip may well become a strategic opportunity. Bitcoin supporters who anticipate strong ETF flows, supportive monetary policy and renewed safe-haven appeal thus see the way open for a rally toward $200,000 by year-end.
