Markus Thielen Projects USD 90,000 $BTC Target While Questioning Institutional ETF Demand

WHAT HAPPENED
▪️ Markus Thielen projects Bitcoin could reach USD 90,000 by year-end while questioning the actual strength of institutional ETF demand.
▪️ Thielen suggests Wall Street's presence has altered price rallies and states that Ethereum must deliver additional value to its holders.

WHY IT MATTERS FOR TRADERS
Sustained questioning of institutional ETF inflows may prompt market participants to re-evaluate liquidity expectations. Furthermore, shifting focus toward asset utility could influence how traders assess long-term valuation metrics for Ethereum.

MARKET SNAPSHOT
▪️ $BTC : 77,648.01 USD, up 0.6% (24h), 4H RSI 46.9
▪️ Range to watch: 76,388.88 support / 78,878.01 resistance

How might institutional involvement influence the structure of future Bitcoin market cycles?

Source: Cointelegraph

Not financial advice. Always DYOR.
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