Timothy (TIMOTHY) news

Market volatility indicator still points to $135K Bitcoin within 100 days

Bitcoin price continues to consolidate higher above $100,000 after the CBOE Volatility Index (VIX) dropped to its 30-year average of 20, down from a peak of 60 earlier in 2025. This decline follows a US-China trade deal on May 12, which introduced a 90-day tariff pause and a 115% reduction on both sides. The agreement has fueled a "risk-on" sentiment, boosting Bitcoin and equities as investors lean into higher-risk assets, according to Bitcoin network economist Timothy Peterson. The analyst said, “$VIX dropped substantially yesterday on news of a potential China trade deal. It is now at 'normal' levels. This will be a 'risk on' environment for the foreseeable future.” Adding to the bullish sentiment, the US Consumer Price Index (CPI) inflation rate dropped to 2.3% year-over-year in April 2025, the lowest since February 2021, down from 2.4% in March and below consensus forecasts of 2.4%. This softer-than-expected CPI reading signals easing inflationary pressure, potentially increasing the likelihood of Federal Reserve interest rate cuts in 2025, assuming other economic indicators align. With respect to the current macroeconomic dynamics—lower volatility, cooling inflation, and a trade war truce- it creates favorable market conditions for Bitcoin. Earlier this month, Peterson noted that BTC could reach $135,000 within 100 days, citing a drop in the CBOE Volatility Index (VIX) from 55 to 25, signaling a "risk-on" environment. With 95% accuracy, his model links low VIX levels to increased investor confidence in riskier assets like Bitcoin. After posting one of its least bullish phases in two years during April, Bitcoin sentiment flipped drastically to its highest reading in 2025. Data from CryptoQuant indicated a dramatic rise in the Bitcoin Bull Score Index, soaring from 20 to 80, a level historically associated with significant price surges. This shift, driven by rising spot demand outpacing supply, reflects patterns observed after the April 2024 halving, suggesting Bitcoin could be poised for further gains. Likewise, Bitcoin researcher Axel Adler Jr noted that while the Bitcoin Fear & Greed Index is climbing, currently at 53.3%, it remains below the "overloaded" zone above 80%. The analyst discussed the possibility of a market “upswing,” expressing hope for a successful test and surpassing Bitcoin’s all-time high near $110,000. Bitcoin’s Fear & Greed Index. Source: X.com Source: CoinTelegraph Futures Market Updates Funding rates saw a bullish sentiment as Bitcoin remained above $100K. Bitcoin Futures Updates Total BTC Open Interest: $67.22B (+1.27%) BTC Volume (24H): $87.69B (-35.25%) BTC Liquidations (24H): $13.22M (Long)/$36.45M (Short) Long/Short Ratio: 50.20%/49.80% Funding Rate: 0.0097% Ether Futures Updates Total ETH Open Interest: $33.03B (+16.94B%) ETH Volume (24H): $125.38B (+4.87%) ETH Liquidations (24H): $44.53 (Long)/$113.28 (Short) Long/Short Ratio: 50.20%/49.80% Funding Rate: 0.0079% Top 3 OI Surges SKYAI: $18.76M (+5,406.18%) LAUNCHCOIN: $3.46M (+314.13%) JELLYJELLY: $86.80M (+176.32%) Follow Bitget X to win 1 BTC

Analyst Predicts Bitcoin Downturn Will End Soon

Bitcoin is currently in a bear market, meaning its price has dropped by more than 20% from its all-time high. However, analyst Timothy Peterson believes this downturn will be short-lived, lasting only about 90 days. He compared it to past Bitcoin bear markets and found that only four have been worse in terms of duration. Peterson predicts Bitcoin will not fall much below $50,000 and is unlikely to drop below $80,000. He expects a short-term decline within the next 30 days, followed by a price rally of 20-40% after April 15. This rally could attract more investors and push Bitcoin higher. The decline in Bitcoin's price is linked to fears of a prolonged trade war, which has made investors hesitant about risky assets like cryptocurrencies. Data also shows that fewer new investors are entering the market, limiting potential price surges. Some experts believe trade tensions will ease by April 2025, potentially improving market conditions. Despite these challenges, Bitcoin's long-term adoption trends remain strong, suggesting it could recover once market conditions stabilize. Source: Cointelegraph Futures Market Updates In the past 24 hours, both BTC and ETH futures saw increases in open interest and trading volume, with BTC experiencing a more significant surge in volume (+109.84%) compared to ETH (+69.00%). BTC futures also saw a sharper increase in open interest (+8.04%) compared to ETH futures (+4.52%), indicating stronger market engagement. Both have more short liquidations than long liquidations, but short liquidations were notably higher for BTC ($52.79M) than ETH ($14.38M), indicating stronger short-side pressure in BTC futures. The long/short ratios for both assets remained close to balanced, though BTC traders leaned slightly more bullish (51.29% long) than ETH traders (50.99% long). BTC’s funding rate (0.0034%) was higher than ETH’s (0.0012%), suggesting a greater cost for leveraged long positions in BTC futures. BTC Futures Updates Total BTC Open Interest: $56.18B (+8.04%) BTC Volume (24H): $61.35B (+109.84%) BTC Liquidations (24H): $4.90M (Long)/$52.79M (Short) Long/Short Ratio: 51.29%/48.71% Funding Rate: 0.0034% ETH Futures Updates Total ETH Open Interest: $20.83B (+4.52%) ETH Volume (24H): $25.90B (+69.00%) ETH Liquidations (24H): $9.81M (Long)/$14.38M (Short) Long/Short Ratio: 50.99%/49.01% Funding Rate: 0.0012% Top 3 OI Surges BROCCOLI714: $6.13M (+177.31%) DF: $20.77M (+93.82%) 1MCHEEMS: $5.29M (+92.29%)

Bitcoin gets $126K June target as data predicts bull market comeback

Bitcoin can hit new all-time highs by June this year if historical patterns repeat, network economist Timothy Peterson said. It is around the corner from what is normally one of its two best months, and one prediction tool sees a return to BTC price discovery as a result. Data uploaded to X on March 15 gives BTC/USD around two-and-a-half months to beat its $109,000 record. Bitcoin has declined 30% after topping out in mid-January. The extent of the drop is characteristic of bull market corrections, and Peterson keenly senses the potential for a comeback. “Bitcoin is trading near the low end of its historical seasonal range,” he determined alongside a chart comparing BTC price cycles. “Nearly all of Bitcoin's annual performance occurs in 2 months: April and October. It is entirely possible Bitcoin could reach a new all-time high before June.” Peterson has created various Bitcoin price metrics over the years. One of them, Lowest Price Forward, has successfully defined levels below which BTC/USD never falls after a crossing above them at a certain point. After its recovery from multi-year lows in March 2020, Lowest Price Forward predicted that BTC price would never trade under $10,000 again from September onward. Meanwhile, a new likely floor level has appeared this year: $69,000 which has a “95% chance” of holding. Continuing, Peterson stipulated a median target of $126,000 with a deadline of June 1. Alongside a chart showing the performance of $100 in BTC, he also revealed that limp bull market performance has always been temporary. “Bitcoin average time below trend = 4 months,” he explained. “The red dotted trend line = $126,000 on June 1.” Other popular market commentators continue to emphasize that Bitcoin’s recent trip to $76,000 is standard corrective behavior. “You don’t have to look at the previous BTC bull runs to understand that corrections are a part of the cycle,” popular trader and analyst Rekt Capital wrotein part of X analysis of the phenomenon at the start of March. Rekt Capital counted five of what he called “major pullbacks” in the current cycle alone, going back to the start of 2023. Source: CoinTelegraph Futures Market Updates Funding rates are around 0.005% for both BTC and ETH, although the total OI remains much lower than the post-election hype. Bitcoin Futures Updates Total BTC Open Interest: $48.32B (-3.19%) BTC Volume (24H): $72.32B (+90.26%) BTC Liquidations (24H): $58.20M (Long)/$37.04M (Short) Long/Short Ratio: 49.66%/50.34% Funding Rate: 0.0052% Ether Futures Updates Total ETH Open Interest: $17.70B (-2.58%) ETH Volume (24H): $23.04B (+82.61%) ETH Liquidations (24H): $34.47M (Long)/$10.22M (Short) Long/Short Ratio: 49.09%/50.91% Funding Rate: 0.0047% Top 3 OI Surges MAVIA: $6.96M (+322.18%) TSTBSC: $32.58M (+161.21%) SCA: $693.66K (+130.92%)