Bitcoin recently hit a new all-time high, trading at $99,500, and is currently priced at $98,675. Research by 10X Research suggests Bitcoin could reach $115,000 by Christmas due to increased market liquidity.
Stablecoin inflows, particularly from Tether and Circle, have fueled market momentum, leading to a surge in stablecoin flows to exchanges, which indicates strong buying pressure.
Options market activity, including a high volume of call options on BlackRock's Bitcoin ETF, indicates optimism for Bitcoin's price, with many expecting it to surpass $100,000.
The current trading environment and options market dynamics could trigger a gamma squeeze, potentially pushing Bitcoin further upwards, towards a $115,000 milestone by the holiday season.
