Sygnum

Investment strategist Can‑Luca Köymen of Sygnum asserted Bitcoin could be range‑bound into the U.S. midterms, estimating options priced roughly $80,000‑$87,000 in the coming month. He cited on‑chain cost‑basis data that places the ETF average around $81,500, the 6‑12‑month cohort near $88,000 and the True Market Mean near $78,000. Köymen noted that a clean break below $80,000 could trigger a further downside, while a breakout above $88,000 would likely require new demand to absorb existing holders’ liquidation pressure. He linked the Bitcoin range to macro factors such as the Fed meeting on Oct. 28 and the upcoming election on Nov. 3, emphasizing that inflation reports and higher Treasury yields could influence the price corridor. Satlyt’s software will launch alongside Project Suncatcher Fabian Dori works at Sygnum Bank· Entity summary generated by Graphiti