Bitcoin Crash a Buying Opportunity, $200K Target Intact

The cryptocurrency market experienced an unprecedented $19 billion liquidation event during the weekend of October 10, creating one of the most significant market shakeouts in recent history. According to Cointelegraph’s reporting at the time, this massive liquidation caused Bitcoin’s price to plummet to $104,000, marking a four-month low for the flagship cryptocurrency. The scale of this event represents one of the largest single liquidation periods ever recorded in digital asset markets.

Geoff Kendrick, Standard Chartered’s global head of digital assets research, views this dramatic market movement as potentially creating attractive entry points for investors. In an exclusive interview with Cointelegraph, Kendrick suggested that as the dust settles from this historic liquidation, market participants may find compelling buying opportunities. The rapid price decline, while unsettling for some holders, has effectively reset market conditions and cleared out excessive leverage that had built up in the system.

Despite the significant market turbulence and price decline, Standard Chartered’s research team remains steadfast in their bullish Bitcoin outlook. Kendrick specifically reaffirmed the bank’s $200,000 price target for Bitcoin by the end of 2025, indicating that the fundamental thesis driving this prediction remains intact. This confidence comes even as external market pressures, including renewed tariff threats from former US President Donald Trump, created additional headwinds for risk assets.

The maintenance of this ambitious price target suggests that Standard Chartered’s analysis views the recent market crash as a temporary disruption rather than a fundamental shift in Bitcoin’s long-term trajectory. Kendrick’s continued confidence in the $200,000 forecast indicates that the bank’s digital assets research team sees underlying strength in Bitcoin’s market structure and adoption trends that transcend short-term volatility.

Kendrick’s optimistic outlook hinges on specific market dynamics that typically follow major liquidation events. The record $19 billion in forced selling effectively removed weak hands and excessive leverage from the market, creating a cleaner technical setup for the next upward move. This cleansing process, while painful in the short term, often sets the stage for more sustainable rallies as markets stabilize and confidence returns.

The research head emphasized that despite the volatility, he remains confident that Bitcoin will rebound as markets find their footing. The combination of cleared leverage, attractive entry prices, and ongoing institutional adoption creates what Kendrick sees as a favorable environment for recovery. The dynamic of panic selling creating buying opportunities for strategic investors could become the catalyst that propels Bitcoin toward Standard Chartered’s $200,000 year-end 2025 target.

As investors assess the aftermath of the October liquidation event, Kendrick’s analysis provides a framework for understanding how temporary market dislocations can create long-term opportunities. The Standard Chartered executive’s consistent messaging through market turbulence underscores the importance of distinguishing between short-term price movements and longer-term fundamental trends in the evolving digital asset landscape.