VanEck Reaffirms $180K Bitcoin Target Amid Surging Institutional Demand

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Despite a recent pullback from its all-time high of $124,000, investment firm VanEck has reaffirmed its year-end Bitcoin price target of $180,000.

The firm’s confidence is bolstered by strong institutional activity, including ETFs acquiring 54,000 BTC and corporate treasuries adding 72,000 BTC in July alone.

This bullish sentiment is echoed in derivatives markets, where CME basis rates have surged to 9%—a level not seen since the market peak in February.

Additionally, the call/put ratio in options markets has jumped to 3.21x, indicating strong trader optimism for future price increases.