Bitcoin’s year-end target of $100,000 may be too conservative, Standard Chartered’s global head of digital asset research Geoffrey Kendrick said. Bitcoin rose to $79,500 on Aug. 21, its highest level since May, and Kendrick said it could climb 58% from there to $126,000. The move from Aug. 19 to Aug. 21 triggered nearly $1.44 billion in Bitcoin short liquidations, the largest total in CoinGlass’ records since June 2021. U.S. spot Bitcoin ETFs recorded about $1.92 billion in net inflows over five consecutive trading days. The U.S. Treasury said on Aug. 19 that it would expand its long-term Treasury buyback program, raising the maximum size of a single operation from $2 billion to at least $4 billion. Standard Chartered cut its Bitcoin year-end target from $150,000 to $100,000 in February, while maintaining a long-term path toward $500,000 for Bitcoin and $40,000 for Ethereum by 2030.