Tiger Research has released a report upgrading its Bitcoin price target for the fourth quarter of 2025 to $200,000. This forecast is based on the following key factors: * Sustained Institutional Buying: Despite market volatility, Bitcoin spot ETFs saw net inflows of $7.8 billion in Q3, as institutional investors viewed price pullbacks as entry opportunities. For instance, MSTR added 388 BTC in a single week. * Elevated but Not Extreme Valuation: The MVRV-Z Score of 2.31 indicates high valuati...

Tiger Research has released a report upgrading its Bitcoin price target for the fourth quarter of 2025 to $200,000. This forecast is based on the following key factors: * Sustained Institutional Buying: Despite market volatility, Bitcoin spot ETFs saw net inflows of $7.8 billion in Q3, as institutional investors viewed price pullbacks as entry opportunities. For instance, MSTR added 388 BTC in a single week. * Elevated but Not Extreme Valuation: The MVRV-Z Score of 2.31 indicates high valuati...