Galaxy Research has revised its Bitcoin price projection for 2025 downward to $120,000, citing significant shifts in market structure and liquidity patterns. The updated forecast reflects changing capital flows and substantial leveraged position liquidations that have altered the cryptocurrency’s near-term trajectory.
According to Galaxy’s latest analysis, recent market dynamics have created headwinds for Bitcoin’s valuation. The research team identified notable changes in liquidity distribution across trading venues and substantial unwinding of leveraged positions as primary factors influencing their revised outlook. These developments have tempered earlier expectations while still maintaining a fundamentally bullish long-term perspective.
Market observers note that the adjustment comes during a period of increased volatility and regulatory developments across global digital asset markets. Despite the moderated target, Galaxy’s projection still represents significant potential growth from current price levels, reflecting continued institutional interest and evolving adoption patterns.
The revised forecast underscores the importance of monitoring liquidity metrics and leverage ratios in cryptocurrency markets, where rapid shifts can substantially impact price trajectories. Galaxy’s research continues to emphasize Bitcoin’s role as a store of value amid evolving macroeconomic conditions, while acknowledging short-term market pressures that have necessitated this forecast adjustment.
