Bitcoin's Latest Price Prediction! 200k Incoming?

BTC appears to be getting used to life in the lands north of $100K, which has of course led to intense speculation over where it might top out. Can the recent gains be sustained? Or, should we be managing our expectations?

As corporations continue to accumulate, and with more nation states and even football clubs knocking back the orange pill, it feels like BTC should still have plenty more room to run. Moreover, with tariff talk rocking TradFi, now seems more than ever like Bitcoin’s time to shine. And there’s no shortage of individuals and institutions who reckon $100K may soon be a distant memory.

In today’s video, we take a look at what some of these entities are predicting for BTC’s price in the coming months. From the bullish to the ultra bullish, we break down what numbers they’re fixing on and why they reckon that’s where BTC is headed. Spoiler alert: if you’re hoping for a drop down to $70K, this may make for tough viewing.

You can watch that video here.

📈 Crypto Market Forecast 📈

Last week, we started to see early signs of an altcoin season, and it’s possible that we will see a continuation of these trends this week. One trend to watch is Bitcoin dominance, which remained low despite the drawdown late last week. It normally rises sharply during such drawdowns. So, Bitcoin dominance remaining low is a sign of altcoin resilience, and if it continues, it’s a sign of an altcoin season.

Another trend to watch is the growing divergence between the inflows into the spot Bitcoin and spot Ethereum ETFs. Whereas the spot Bitcoin ETFs experienced some net outflows at the end of last week, the spot Ethereum ETFs continued to experience net inflows. This could be evidence of the phenomenon we noted last week - investors thinking BTC is too pricey, and looking for alternatives. ETH is next on the list.

This makes sense when you consider that Bitcoin conferences have historically been sell the news events for BTC. In case you missed it, the biggest Bitcoin conference of the year took place in Las Vegas last week. While many investors assume ‘sell the news’ means BTC’s price going down, it’s possible that the Bitcoin conference was a sell the news event relative to the rest of the crypto market - a sort of local top for Bitcoin dominance.

It makes even more sense when you consider that Bitcoin is seen as a safe haven among crypto investors. In case you haven’t noticed, Trump’s tariffs are the primary reason why investors have been hesitant to go out along the risk curve for the last few months. If the uncertainty around tariffs continues to decline, we should see investors allocate more to risk. In the context of crypto, that means a slow rotation into altcoins.

Of course, that’s a big ‘if’. Trump’s flip flopping around tariffs, and all the legal challenges and appeals seem to be dialling up the uncertainty, and the Fed isn’t helping. This is starting to draw Trump’s ire to the point that he summoned chairman Jerome Powell to the White House last week. The Fed subsequently issued a statement insisting that it’s independent, and will continue to be independent.

Some would interpret this as a sign that the Fed is in fact facing extreme pressure from the Trump administration to adjust its monetary policy to accommodate Trump’s fiscal policies, likely due to the pending spending bill. If Trump was to try and take control of the Fed, this would be kryptonite for traditional markets, but could be rocket fuel for crypto, simply because it’s pitched as an alternative to the current system.

As we’ve mentioned in our videos, however, it’s unlikely that Trump would do this until all other options have been exhausted, and it looks like his administration still has a few more cards to play. One of these is a change to the Supplementary Leverage Ratio exemption or SLR, which would have the practical effect of allowing commercial banks to buy more US bonds. Treasury secretary Scott Bessent is looking to make this change over the summer.

In the shorter term, the only macro catalyst on the menu appears to be the unemployment rate for May, which will be published this Friday. Chances are there won’t be many changes, because if companies didn’t panic and fire people at the peak of the tariff FUD in April, they probably didn’t fire anyone when the tariff uncertainty started declining in May. As such, the unemployment print could be a nothingburger.

In sum then, we could be in for a choppy week with slight altcoin resilience that resembles early signs of an altcoin season. Obviously, there won’t be a full-blown altcoin season until the uncertainty around tariffs is completely gone, but May was arguably a step in the right direction, and with a bit of luck, June will be even better.

🍯 Hyperliquid’s Secret Sauce 🍯

Over the past two months, Hyperliquid's HYPE token has outperformed other large-cap cryptocurrencies, rising from a low of $10 in April to a new all-time high of almost $40 by the end of May. Unsurprisingly, this price movement has invited a lot of attention for the project, with many wondering what drives this demand.

Well, that’s exactly what we’ll be looking at today.

Let’s start with a bit of background. As some of you may know, Hyperliquid started as an onchain orderbook perps DEX known for being able to execute 200,000 orders per second with sub-second finality. This rivalled the user experience provided by centralised exchanges, making it a favourite among high-frequency traders. Notably, data from Artemis shows that Hyperliquid currently captures 85% of all decentralised perpetual futures (perps) trading volume.

A closer look at the data will show that its market share began growing steadily around December 2023, shortly after its points program was announced. It hovered around 20% for a year until its token generation event (TGE) happened in November 2024. Post TGE, it experienced explosive growth going from roughly 30% market share to its current 85% in just 6 months. The price performance of HYPE post launch was also impressive – it went from a listing price of roughly $2.5 to a peak of $32 in the month after TGE.

At first glance, this is quite the paradox, considering 31% of HYPE’s total supply was airdropped to users of the platform. You see, the usual price pattern for projects that airdrop tokens is they experience a downward spiral immediately after listing, largely due to airdrop farmers rushing to book profits. User activity on the protocol also begins to decline as these farmers begin to migrate to the next big airdrop farm.  

However, in HYPE’s case, a number of strategic decisions pre-TGE helped it avoid this fate. To say HYPE’s tokenomics played a large part in this growth would be an understatement. You see, the Hyperliquid team made a conscious choice to reject venture capital funding. They chose instead to take a “community first” approach, allocating nearly 70% of the token supply to the community. Approximately half of this allocation (31% of total supply) was airdropped to over 94,000 users on TGE. Apart from fostering a sense of ownership and loyalty among its core users, the airdrop also made many recipients massively wealthy. A data dashboard by research firm ASXN shows that the average airdrop amount was 2915.66 HYPE, while the median airdrop amount was 64.53 HYPE per user. At current prices, that’s roughly $100,000 and $2,200.

With nearly 39% of the token supply still reserved for future community and growth activations, most users were incentivised to voluntarily stake their airdrop allocations on the platform. Not to mention how any sell pressure from users that did decide to sell was quickly absorbed thanks to Hyperliquid’s Assistance Fund - a Hyperliquid entity dedicated to buying back HYPE on the open market.

For context, a large portion of Hyperliquid’s platform fees is sent to the Assistance Fund to conduct buy-backs. While there’s no fixed percentage, secondary sources seem to show this could range anywhere between 63% and 97% of the platform’s revenue. Data from hypeburn shows that the assistance fund has accumulated nearly 7% of the circulating supply through its buy-backs.

Another factor that played a significant role in HYPE’s positive price discovery was the team’s decision to refrain from listing it on multiple major CEXs upon launch. You see, by choosing to limit token trading to its native DEX, Hyperliquid avoided liquidity fragmentation. This allowed for organic price discovery by the community.

That said, the Assistance Fund’s positive effect on the price of HYPE is dependent on the continued dominance of Hyperliquid’s perps DEX (HyperCore). When market dominance falters, so will the volume of buybacks. But, as we all know, no titan stands tall forever.

That’s why the next leg of Hyperliquid’s long-term relevance will be dependent on the adoption of HyperEVM – the EVM-compatible execution environment that makes up Hyperliquid’s L1 chain alongside HyperCore (the perps DEX most of us are familiar with). You see, HYPE will be the primary utility and gas token on the HyperEVM. As activity on the EVM layer scales, so will demand for HYPE.

Not to mention the various other token supply sinks – staking to run validators on the network, posting HYPE security bonds for perps listings, and being used as collateral within onchain money markets. This is a playbook we’ve seen before with Binance and its BNB Smart Chain. Through multiple cycles, its BNB token has continued to remain relevant as a top 10 crypto asset by marketcap.  

In other words, HYPE is a fair launch BNB. If all goes well, we should see HYPE climb into the top 10 leaderboard sooner than later. And, we expect HyperEVM activity to be a core metric in future airdrops of HYPE. Position yourselves accordingly.

🔥 Hot Deal Of The Week 🔥

The big money this cycle has been made in on-chain trading. Over here, some savvy traders have already made their 100x returns this cycle.

One of the issues with accessing these smaller cap cryptos is that on-chain swaps force you to take whatever the going price is. But, let’s face it, most of us are not going to be monitoring the price for every minute of the day to get the perfect entries and exits.

Axiom is a trading terminal that allows you to set those limit orders for on-chain assets and helps you get those orders filled in your sleep. We’ve been testing it out over the last few weeks and have done a dedicated written review here!

👉 Try out Axiom and set those sniper-level entries now!

🔮 Video Pipeline 🔮

* North Korean Devs: How are they infiltrating Western tech firms & what’s the threat?
* BIS Report Summary: how crypto gross-boarder flows have increased to trillions!
* Gemini Report: Starting insights into the crypto markets!
* Sharplink: The company acquiring ETH as a strategic asset and what it means?
* Japan Bonds: What’s happening and potential implications for us all…

🏆 What's New at CoinBureau.com This Week? 🏆

* Solana in 2025: Is It Still the Fastest Blockchain?
* Is Axiom Trade Right for You? A Detailed Review
* The Ultimate Guide to Trading on Hyperliquid
* Is Coinbase Trustworthy & Safe? Key Factors to Consider Before You Invest
* Exploring WalletConnect – Your Gateway to Decentralized Finance

📖 Quote of the Week 📖

People often talk about PvP (Player vs. Player) in crypto. However, the reality is that there is only one person you are playing against - yourself.

"Investing isn't about beating others at their game. It's about controlling yourself at your own game" - Benjamin Graham

Team Coin Bureau

Disclosure: Authors may own cryptoassets named in this newsletter. These are unqualified opinions, and a Coin Bureau newsletter, is meant for informational purposes only. It is not meant to serve as investment advice. Please consult with your investment, tax, or legal advisor.