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Bitcoin $120K Target for 2Q May Be Too Conservative: Standard Chartered

Spot bitcoin ETF net inflows totaled over $4 billion in the last three weeks, when adjusted for hedge fund basis trades, the bank said.

Updated May 8, 2025, 6:30 p.m. Published May 8, 2025, 4:14 p.m.
Standard Chartered. (Shutterstock)
Bitcoin's breakout is flow-driven and $120K may be too conservative a target for the 2Q: Standard Chartered. (Shutterstock)