matthewsigel

VanEck: Bitcoin Sell-Off Lacks Clear Trigger

#VanEck says #Bitcoin ’s latest sell-off was driven by broad deleveraging rather than a single catalyst, making a clear market bottom harder to identify. VanEck digital assets research head #MatthewSigel notes factors include leverage unwinding, miner selling, cooling #Aİ narratives, and the typical four-year cycle psychology around #BTC .

⭐️ Matthew Sigel (matthew_sigel), Head of Digital Asset Research at VanEck (managing $114 billion), said that demand from the 20 Bitcoin Reserve bills in the US could see states buy more than 242,787 BTC. For comparison, that's about half of MicroStrategy's Bitcoin holdings.

$BTC #MatthewSigel

#MatthewSigel

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Today, October 20, 2025, there's some juicy news in the Bitcoin world! The famous "Uptober" trend, where Bitcoin usually soars in October, is taking a hit this year. It’s shaping up to be the worst October since 2015, with Bitcoin’s price dropping 5% this month, now hovering around $107,000.

This dip comes after a rough week where Bitcoin fell below $107,000, triggering a massive $1.2 billion in liquidations, wiping out a bunch of long positions. Other coins like Ethereum, Solana, and DOGE aren’t doing great either, falling between 4% and 20%.

But here’s the exciting part: just like in 2020, there are still two weeks left in October, and some analysts think a comeback could be on the way! Matthew Sigel from VanEck even predicts Bitcoin could skyrocket to $644,000 as a “digital gold,” especially as younger folks find it way cooler than actual gold.

Plus, 2025 is seeing a huge wave of big-money interest. Global Bitcoin ETPs and public companies have snapped up 944,330 BTC so far—more than all of 2024 and seven times the amount mined!

All this points to a wild, up-and-down market. After hitting a record high of $126,000 earlier this month, Bitcoin’s taken a breather, but predictions for the future are pointing to a range of $110,000 to $121,000. Want more details? Just let me know!

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#bitcoin