Bitcoin Liquidity Crunch Fuels Potential for $115K Breakout

Recent data reveals a sharp decline in on-chain exchange reserves, reaching a five-year low. This supply squeeze is predicted to propel Bitcoin’s price towards the $115,000 mark within weeks, according to analysts. The trend is attributed to both expanding DeFi applications and increased institutional interest in crypto assets. 21Shares crypto strategist Matt Mena predicts Bitcoin could surge beyond $200,000 by year-end, fueled by falling inflation expectations and a potential breakout above the current price range of around $105,000-$110,000.