Bitcoin Faces Volatility Amid Price Correction and Market Panic

Bitcoin's recent pullback from its near $100,000 high is attributed to reduced U.S. Treasury term premiums and upcoming options expirations, according to Standard Chartered's Geoffrey Kendrick. Despite the correction, which could see Bitcoin testing support levels around $88,700, institutional interest remains strong, with significant BTC inflows into ETFs and acquisitions by MicroStrategy. Kendrick maintains a year-end target of $125,000 for Bitcoin, viewing the current dip as a necessary correction in a broader bull market.