Standard Chartered Monitors Three Signals for Bitcoin Bottom Confirmation

Bitcoin has stabilized near $63,000-$64,000 after Standard Chartered declared the cycle low at $59,000 on June 12-13, ending crypto winter. The 53% decline from the October $126,000 peak followed three weeks of $4.2 billion spot ETF outflows, a $400 billion capital rotation into AI, and MicroStrategy’s $11-12 billion unrealized loss. The bank retains its $100,000 year-end target, citing reduced leverage and potential ETF inflows, while Bernstein and Morgan Stanley maintain long-term bullish views on institutional ownership shifts. As of June 15, Standard Chartered is now watching for renewed corporate buying, positive ETF flows, and lower oil prices to confirm durable support.