Bitcoin Eyes New All-Time High in 100 Days as Macroeconomic Signals Align

Bitcoin on Track for $135K Within 100 Days, Analysts Say

Bitcoin (BTC) could be on the verge of a record-breaking rally, with analysts pointing to a convergence of macroeconomic indicators and market dynamics that favor bullish momentum. A leading voice in the space, Bitcoin network economist Timothy Peterson, projects BTC may hit $135,000 within the next 100 days, contingent on stable macro conditions and investor sentiment remaining strong.

Peterson’s model, which boasts a 95% historical accuracy rate, links Bitcoin’s performance to the CBOE Volatility Index (VIX). Often seen as a gauge of investor fear, the VIX has sharply declined from 55 to 25 over the last 50 trading days. A VIX reading below 18 is widely interpreted as a “risk-on” signal, encouraging capital flows into higher-risk assets like cryptocurrencies. If the VIX continues to trend lower, Peterson’s model sees a strong likelihood of Bitcoin hitting six figures.

Bitcoin price against global money supply. Source: X.com

Liquidity Surge Supports Bullish Thesis

Fueling this momentum is the growing liquidity in the crypto ecosystem. According to CryptoQuant, the stablecoin market capitalization recently reached an all-time high of $220 billion. Stablecoins are often viewed as a proxy for crypto liquidity, and their rising market cap reflects renewed capital inflows into the broader digital asset market — a critical factor that historically precedes Bitcoin price rallies.

This liquidity influx suggests that Bitcoin has likely exited its bearish phase, setting the stage for significant upside. As capital flows back into the market, investor appetite for risk assets appears to be increasing, providing additional tailwinds for BTC’s price action.

Bearish Bets Could Backfire: Short Squeeze on the Horizon

Despite the broader bullish outlook, short sellers have continued to pile in. Bitcoin’s 4-hour funding rate has turned deeply negative, reaching its lowest level of 2025. This metric indicates that short positions significantly outweigh longs in the derivatives market, a setup ripe for a short squeeze.

A short squeeze occurs when traders betting against an asset are forced to cover their positions as prices rise, adding to upward pressure. Cointelegraph estimates that over $3 billion in short-side liquidity is currently at risk, potentially triggering a cascade of liquidations that could drive BTC past the $100,000 mark.

Bitcoin 4-hour chart and funding rate. Source: Velo.chart

Bitcoin as ‘Dr. Jekyll and Mr. Hyde’

Fidelity’s Director of Global Macro, Jurrien Timmer, offered a broader perspective on Bitcoin’s dual role in financial markets. He likened the cryptocurrency to “Dr. Jekyll and Mr. Hyde,” capable of acting both as a store of value and a speculative asset. This duality, Timmer argues, distinguishes Bitcoin from traditional hedges like gold.

Timmer noted that Bitcoin tends to outperform when the global money supply (M2) expands alongside a strong equity market. However, if M2 grows while equities correct, Bitcoin’s speculative nature may limit its gains — highlighting its sensitivity to broader macroeconomic trends.

Final Thoughts

As macroeconomic conditions remain favorable and crypto market liquidity surges, the stage appears set for Bitcoin to reach new heights. With analysts projecting targets as high as $135,000 within the next 100 days, all eyes are on the VIX, stablecoin flows, and the potential for a massive short squeeze to push BTC beyond $100,000 — and possibly to a new all-time high.