Galaxy Research Slashes Bitcoin (BTC) 2025 Target to $120K Amid Market Turmoil
2025-11-08 22:05
The crypto market continues to navigate in choppy conditions, following the devastating crash on October 10th that was arguably one of the most severe and rapid liquidation events. The flash crash triggered massive liquidation volumes across the market, which led to cascading liquidations within hours that swept through leveraged positions. The fallout from these liquidations has contributed to broader market weakness, with many assets struggling to regain momentum. As a result of the market chaos, Bitcoin’s year-end target has been revised downward. Bitcoin Target Slashed Galaxy Research highlighted in a recent tweet that 72 of the top 100 crypto assets by market capitalization are currently trading at least 50% below their previous all-time highs. Macro factors have compounded these market challenges. According to the platform, this year has been characterized by significant whale distribution, rotation into competing narratives such as AI, gold, and stablecoins, and underperformance among BTC-focused treasury companies....
