Bitcoin Halving Playbook Breaks Down as Whales Turn to 401(k)s Ahead of $180,000

2026-03-07(토) 10:03
비트코인(BTC)/챗GPT 생성 이미지

▲ Bitcoin (BTC) / ChatGPT-generated image

Bitcoin (BTC) is drawing market attention amid analysis suggesting it could surge as high as $180,000 this year depending on the strength of institutional capital inflows, moving beyond the traditional four-year cycle theory.

According to crypto-focused outlet NewsBTC on March 7 (local time), digital asset data analytics firm Amber Data said in a recent report that Bitcoin could reach $180,000 if certain conditions are met. Amber Data assessed that the halving-driven four-year cycle that previously dictated price trends has effectively ended, arguing that the pace of institutional inflows through spot ETFs has now become the key variable determining price movements. The report outlined three scenarios for Bitcoin’s future trajectory and forecasted market direction accordingly.

The most optimistic scenario presented by Amber Data envisions Bitcoin entering a bull market range of $120,000 to $180,000, with a 25% probability. For such a surge to materialize, allocation policies allowing Bitcoin spot ETFs within U.S. 401(k) retirement plans would need to gain traction alongside a rate-cutting cycle by the Federal Reserve. Additionally, major catalysts such as sovereign-level adoption of Bitcoin could prompt renewed participation from institutional investors, potentially driving unprecedented price gains.

In the base-case scenario, which carries the highest probability at 50%, Bitcoin is expected to trade within a range of $90,000 to $120,000. Amber Data explained that spot ETFs are currently absorbing volumes equivalent to 12 times the daily mined supply, indicating that institutional demand is overwhelmingly outpacing miners’ selling pressure. The report noted that market positioning became healthier following a large-scale leverage wipeout in October 2025, but absent sufficient macroeconomic catalysts, a prolonged sideways market could persist.

Key indicators to watch include weekly net inflows into spot ETFs exceeding $1 billion and the recovery of order book liquidity. Amber Data observed that institutions are beginning to view Bitcoin not merely as a speculative asset but as a strategic one, adding that the actual inflow of 401(k) assets could serve as a signal flare for Bitcoin’s next major leap. The probability of a bearish scenario, in which macroeconomic deterioration pushes Bitcoin down to the $60,000–$80,000 range, was estimated at 20%.

Bitcoin has now entered a more mature phase in which it reacts more sensitively to external factors such as liquidity conditions in the global financial system and regulatory changes, rather than internal supply controls. Amber Data emphasized that while short-term volatility is inevitable as Bitcoin becomes embedded within institutional financial infrastructure, its position as a long-term store of value is likely to strengthen further. Investors are closely monitoring shifts in Federal Reserve monetary policy and asset allocation decisions by major institutions as they assess the possibility of Bitcoin surpassing $180,000.

Disclaimer: This article is for investment reference purposes only and the publisher is not responsible for any investment losses incurred based on this content. The information provided should be interpreted solely for informational purposes.

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