Bitcoin Price Prediction: $79 Billion Futures Bet Signals Incoming Explosion – Wall Street Prepping for $200,000 BTC

Key Points

1. Bitcoin futures open interest (OI) surged to $79 billion, indicating potential for significant price movement.

2. The Crypto Fear & Greed Index rose to 62, showing increased market optimism.

3. Options market open interest reached nearly $60 billion, with contracts targeting $140,000 and $200,000 BTC by year-end.

4. Macro factors like U.S. tariff policies and a 90% probability of a September Fed rate cut are influencing Bitcoin's price.

5. Technical analysis suggests BTC could target $130,000 if it breaks resistance at $123,206, with higher targets possible if ETF inflows and rate cuts align.