November 29, 2025 | 02:34Bitcoin may be poised for significant upside as its current price appears misaligned with forward macroeconomic conditions, according to Bitwise researcher André Dragosch. He compares the current setup to the extreme risk-reward opportunity seen during the COVID-19 pandemic crash. This asymmetric setup suggests potential for substantial gains despite current bearish sentiment.
about Bitcoin's COVID-Like Risk-Reward Setup: AnalystAndré Dragosch
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Bitwise Analyst Questions Bitcoin Stock-to-Flow Model Accuracy
A leading investment analyst from Bitwise has raised significant concerns about the reliability of Bitcoin’s widely-cited Stock-to-Flow price prediction model. André Dragosch, European head of research at the investment firm, warns that while the model forecasts a $222,000 peak for Bitcoin this market cycle, its exclusive focus on supply dynamics while ignoring demand factors makes it an incomplete framework for serious investors.
about Bitwise Analyst Questions Bitcoin Stock-to-Flow Model AccuracyBitcoin ETFs See $2B Inflows as Investors Shift from Ethereum
Bitcoin exchange-traded funds are experiencing a significant resurgence, drawing approximately $2 billion in fresh inflows during September’s first eight trading sessions. This represents a sharp contrast to August, when these same products suffered $751 million in outflows. The momentum has created a notable divergence with Ethereum investment vehicles, which have recorded over $550 million in outflows during the same period. Industry experts note that institutional investors appear to be rotating back to Bitcoin after Ethereum’s recent performance, with ETF flows now serving as the strongest determinant of Bitcoin’s price direction since regulatory approval earlier this year. The consistent inflows have coincided with Bitcoin’s price consolidation near $114,000, reversing several weeks of weak performance and demonstrating how institutionalized demand via ETFs now fundamentally shapes cryptocurrency market liquidity and price discovery.
about Bitcoin ETFs See $2B Inflows as Investors Shift from EthereumBitcoin Faces Bearish Test as $9.4B Moves to Exchanges
Bitcoin (BTC) is under significant bearish pressure as over 80,810 BTC ($9.4 billion) was moved to centralized exchanges, increasing selling pressure and pushing prices below $118k. Analysts from CryptoQuant and 21Shares highlight structural imbalances and weak retail interest, suggesting a prolonged correction may be imminent. Key support zones, including $107,000–$109,000, are seen as potential rebound levels, though some analysts remain bullish, predicting Bitcoin could still reach $140,000–$200k by year-end. Meanwhile, political risks, such as potential US tariff policies, add further uncertainty to Bitcoin’s near-term trajectory.
about Bitcoin Faces Bearish Test as $9.4B Moves to ExchangesBitcoin Hits ATHs, Yet Retail Interest Lags Behind
Bitcoin has surged to record highs this week, yet retail investors appear hesitant to re-enter the market, evidenced by muted Google search interest—a stark contrast to the spike seen during past events like the 2016 US election. However, institutional demand is booming, with spot Bitcoin ETFs recording over $1 billion in daily inflows for two consecutive days. According to Bitwise’s André Dragosch, retail participation is notably absent despite Bitcoin’s price milestones, raising questions about the current market dynamics.
about Bitcoin Hits ATHs, Yet Retail Interest Lags BehindBitcoin’s Resilience in War: Price Stability Amid Conflict
Over the past decade, Bitcoin has demonstrated remarkable price stability during periods of war and geopolitical conflict, as seen in the recent Israel-Iran tensions. Analysts note that while BTC may experience short-term volatility immediately after a conflict erupts, broader adoption and institutional involvement have helped sustain its value. Historical trends suggest Bitcoin is increasingly viewed as a resilient asset, though its risk profile means rapid sell-offs can still occur in crisis scenarios. Experts like André Dragosch of ETC Group emphasize that long-term stability hinges on continued institutional confidence.
about Bitcoin's Resilience in War: Price Stability Amid ConflictCoinbase Hits Record Bitcoin Outflows as Institutional Demand Soars
Coinbase, the third-largest cryptocurrency exchange, experienced its highest daily Bitcoin outflows in 2025 on May 13, with 9,739 BTC (worth over $1 billion) withdrawn. According to Bitwise’s André Dragosch, this signals accelerating institutional appetite for Bitcoin. The trend highlights increasing corporate and institutional investments in BTC, reinforcing its role as a preferred digital asset for large-scale investors.
about Coinbase Hits Record Bitcoin Outflows as Institutional Demand SoarsBitcoin Could Hit $200K by 2025, $1M by 2029: Bitwise
Bitwise’s research team forecasts Bitcoin’s price could hit $200,000 by 2025 even without further government adoption, with institutional demand fueling growth. According to André Dragosch, Bitwise’s head of European research, Bitcoin may reach $1 million by 2029 as it matches gold’s market capitalization. The cycle could extend further as US wirehouses gain exposure to Bitcoin and ETFs, reinforcing long-term bullish sentiment.
about Bitcoin Could Hit $200K by 2025, $1M by 2029: BitwiseU.S. Recession Fears Boost Bitcoin as Dollar Weakens
The U.S. economy shrank by 0.3% in Q1, raising recession concerns and increasing trader bets on Federal Reserve rate cuts this summer. Bitcoin initially fell but analysts suggest it could thrive as a hedge against dollar depreciation. The U.S. Dollar Index (DXY) rose slightly on Wednesday but remains down 8.3% year-to-date. André Dragosch of Bitwise argues that Bitcoin’s decoupling from traditional markets and inverse correlation to the dollar make it resilient amid economic uncertainty. Lower interest rates could further boost crypto and risk assets, though a recession may pressure equities. The dollar’s weakness aligns with the ‘dollar smile theory,’ where mediocre U.S. growth leads to depreciation, potentially benefiting Bitcoin.
about U.S. Recession Fears Boost Bitcoin as Dollar WeakensGlobal Money Supply Surge Outpaces Bitcoin’s Market Cap
The global money supply (M2) has grown by $4.5 trillion in 2024, three times Bitcoin’s total market cap. Bitcoin’s fixed supply of 21 million coins makes it a natural hedge against inflationary fiat currencies, attracting institutional and retail investors. Despite recent price volatility—dropping from an all-time high of $109,000 to around $84,000—Bitcoin’s scarcity reinforces its role as a store of value amid expanding monetary policies. Analysts like Bitwise’s André Dragosch note the widening gap between traditional liquidity and Bitcoin’s finite supply could strengthen its long-term appeal.
about Global Money Supply Surge Outpaces Bitcoin's Market Cap