{"id":31702,"date":"2025-08-29T22:38:09","date_gmt":"2025-08-29T22:38:09","guid":{"rendered":"https:\/\/www.europesays.com\/ie\/31702\/"},"modified":"2025-08-29T22:38:09","modified_gmt":"2025-08-29T22:38:09","slug":"headed-to-190k-on-institutional-wave-research-firm-says","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/ie\/31702\/","title":{"rendered":"Headed to $190K on Institutional Wave, Research Firm Says"},"content":{"rendered":"

Asia-focused Tiger Research has set a Q3 price target of $190,000<\/a> for bitcoin BTC$108,364.18<\/a>, arguing that record global liquidity, structural ETF demand, and new 401(k) access give the market its strongest setup since 2021.<\/p>\n

Tiger\u2019s model pegs a \u201cbase price\u201d of $135,000, then layers on multipliers for fundamentals (+3.5%) and macro conditions (+35%) to reach the $190,000 forecast \u2014 giving a 67% from this week\u2019s average $113,000.<\/p>\n

The report relies on three key drivers. The M2 money supply exceeding $90 trillion, ETF and corporate accumulation now accounting for 6% of bitcoin\u2019s supply, and a regulatory green light that has opened U.S. retirement accounts to crypto.<\/p>\n

Trump\u2019s executive order allowing 401(k) exposure adds what Tiger calls \u201ca definitive signal of bitcoin\u2019s transition to a core institutional holding.\u201d Even a 1% allocation from the $8.9 trillion pool would equal nearly $90 billion of demand.<\/p>\n

Accumulation is visible. ETFs collectively hold 1.3 million BTC, while Strategy (MSTR) owns more than 629,000 coins, worth $71 billion. Buying through convertible bonds has given Strategy\u2019s flows a structural quality. Transfer volumes also skew larger, with fewer transactions but bigger sizes, reflecting a pivot from retail traffic to institutional block activity.<\/p>\n

Still, the report admits the network looks unbalanced. Daily transactions and active users remain well below last year\u2019s highs, and retail participation has faded. New initiatives like BTCFi are needed to re-ignite activity beyond institutional wallets.<\/p>\n

On-chain gauges also flash caution. MVRV-Z, which tracks how far market price has stretched above what holders originally paid, sits at 2.49 \u2014 a zone that in past cycles has preceded corrections as profits build up.<\/p>\n

Adjusted spent output profit ratio (ASOPR) is at 1.019, meaning coins being sold are only slightly in profit, suggesting traders are locking in modest gains rather than cashing out at extremes.<\/p>\n

Net Unrealized Profit\/Loss (NUPL), a measure of unrealized profit and loss across the network, stands at 0.558, indicating a healthy but not yet euphoric positioning. Taken together, the data suggest a market that\u2019s hot but not yet overexposed.<\/p>\n

Read more: Public Token Treasuries and Tokenization are Fantastic for Crypto, But Risks Remain, Binance’s CZ Says<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"Asia-focused Tiger Research has set a Q3 price target of $190,000 for bitcoin BTC$108,364.18, arguing that record global…\n","protected":false},"author":2,"featured_media":31703,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[175],"tags":[1178,79,18,19,24907,17,1664,188,4678],"class_list":{"0":"post-31702","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-markets","8":"tag-btc","9":"tag-business","10":"tag-eire","11":"tag-ie","12":"tag-institutions","13":"tag-ireland","14":"tag-market-analysis","15":"tag-markets","16":"tag-trading"},"share_on_mastodon":{"url":"","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts\/31702","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/comments?post=31702"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts\/31702\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/media\/31703"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/media?parent=31702"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/categories?post=31702"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/tags?post=31702"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}