{"id":98351,"date":"2026-06-04T14:18:10","date_gmt":"2026-06-04T14:18:10","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=98351"},"modified":"2026-06-04T14:18:10","modified_gmt":"2026-06-04T14:18:10","slug":"bitcoin-crashes-4-but-at-63000-the-bottom-is-almost-in-standard-chartered","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=98351","title":{"rendered":"Bitcoin Crashes 4% But At $63,000 The Bottom Is &#8216;Almost In&#8217;: Standard Chartered"},"content":{"rendered":"<div>\n<p>Standard Chartered Global Head of Digital Assets Research <strong>Geoffrey Kendrick<\/strong> on Thursday said the <strong>Bitcoin<\/strong> <a class=\"ticker-link\" data-ticker=\"BTC\" data-exchange=\"CRYPTO\" href=\"https:\/\/www.benzinga.com\/quote\/BTC-USD\" target=\"_blank\" rel=\"noopener\">(CRYPTO: <\/a><a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/quote\/btc\/usd\">BTC<\/a>) bottom is \u201calmost in\u201d, calling $63,000 the buying zone as the token trades down 22% over the past month.<\/p>\n<h3 class=\"wp-block-heading\">ETF Holdings Held Firm, Proving More Resilient Than February Fear<\/h3>\n<p>Kendrick\u2019s call is a direct <a href=\"https:\/\/www.theblock.co\/post\/403625\/the-low-is-almost-in-standard-chartered-says-bitcoin-bottom-near-after-tough-week-for-crypto?utm_source=rss&amp;utm_medium=rss\">reversal<\/a> of his February 12 note, where he warned of \u201cpain and final capitulation\u201d and cut his near-term Bitcoin target to $50,000.\u00a0<\/p>\n<p>The key variable that changed his view is spot ETF holdings. <\/p>\n<p>In February, he flagged ETF capitulation as a real downside risk. Instead, holdings went from 682,000 Bitcoin to a peak and settled back to roughly 674,000, broadly flat over the period.<\/p>\n<p>\u201cThis tells me that ETF holdings are more structurally strong than I had feared in February,\u201d Kendrick wrote in a &#8230;<\/p>\n<p><a href=\"https:\/\/www.benzinga.com\/crypto\/cryptocurrency\/26\/06\/53001805\/bitcoin-crashes-4-but-at-63000-the-bottom-is-almost-in-standard-chartered?utm_source=benzinga_taxonomy&amp;utm_medium=rss_feed_free&amp;utm_content=taxonomy_rss&amp;utm_campaign=channel\" alt=\"Bitcoin\" crashes but at the bottom is in standard chartered>Full story available on Benzinga.com<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Standard Chartered Global Head of Digital Assets Research Geoffrey Kendrick on Thursday said the Bitcoin (CRYPTO: BTC) bottom is \u201calmost in\u201d, calling $63,000 the buying zone as the token trades down 22% over the past month. ETF Holdings Held Firm, Proving More Resilient Than February Fear Kendrick\u2019s call is a direct reversal of his February [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-98351","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/98351","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=98351"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/98351\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=98351"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=98351"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=98351"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}