Bitcoin’s relief rally stalls. Why a return to record highs by year-end now seems unlikely.
1. BTCUSD fell 2% to around $101,693 as market volatility increased. 2. Year-end target revised down to $120,000 from $185,000 by Galaxy Digital. 3. Investors fear Bitcoin may peak soon as historical cycles suggest. 4. Major liquidation event on Oct. 10 caused liquidity issues in the market. 5. Open interest in crypto futures has significantly dropped, indicating reduced market activity.