Can Bitcoin Reach $1M as Cathie Wood Reiterates Her Daring Prediction – And Will ETH Maintain Its 0.0345 BTC Position?
Over the last 24 hours, BTC and ETH experienced upward movement. Spot trading activity increased, while there was a slowdown in derivatives trading following a series of liquidations over the weekend.
Cathie Wood, the CEO of ARK Invest, reaffirmed her long-term perspective on Bitcoin in light of recent volatility in its pricing.
During a recent podcast appearance, she reiterated her expectation of BTC reaching $1M. She linked this forecast to the consistent growth of stablecoins, which now exceed a trading market capitalization of $300Bn.
Are the underlying causes of the market’s recent decline temporary? Discover why @CathieDWood believes this and why December might serve as a pivotal moment, on this month’s “In The Know.” https://t.co/9QOlJvfbWG
— ARK Invest (@ARKInvest) November 8, 2025
Wood emphasized that the growth of stablecoins represents a noteworthy achievement for digital currencies, even as BTC experiences short-term challenges.
She observed that their increasing significance might temper Bitcoin’s short-term momentum, yet it also indicates a more reliable and developed crypto marketplace overall.
BTC Price Forecast: Is BTC Likely to Revisit the $103.8K–$104.6K Gap?
Bitcoin futures on CME commenced the week with a noticeable price gap close to $104,000, according to a chart provided by analyst Daan Crypto.
The hourly chart depicts a robust bounce late Sunday that elevated BTC above $106,000 after a brief decline over the weekend.
This movement was accompanied by strong momentum. A series of uptrend candles pushed the price up from around $103,000 before it consolidated into a tighter range near $106,200.
The gap situated between around $103,800 and $104,600 remains unfilled. Traders frequently note that CME gaps typically get revisited, although there is no certainty that the price will return to that area.
The current candles are moving sideways, suggesting that the recent momentum has paused following the rapid ascent.
This indicates a moment of indecision, as traders look for direction. The upward movement exhibited increased volume, but activity slowed once the price found stability.
Thus far, there hasn’t been a discernible shift in strategy. Nevertheless, the slowdown could signal a potential pullback toward the gap.
At the very least, the overarching bullish may continue if the price does not revisit the same vicinity.
Overall, the crypto market structure is generally more positively skewed, with the CME gap being a significant indicator.
Moreover, the interest in Bitcoin futures has shown a remarkable increase, reflecting heightened activity in derivatives trading across major exchanges.
Interest has been on the rise since late 2023 and accelerated around mid-2024, surpassing $100Bn in recent assessments.
This growth has closely aligned with BTC advancing toward the $110,000–$120,000 range, reflecting greater positioning in futures markets.
Smaller corrections in Bitcoin were mirrored by similar decreases in open interest, but both metrics have maintained an upward trend.
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Ethereum Price Forecast: What’s Driving Ethereum’s Rise Amid US Government Shutdown Discussions?
ETH surged on Monday as overall trading market sentiment stabilized. This increase followed indications that a resolution to the US government shutdown might be imminent.
The turn came after announcements that senators had reached a bipartisan agreement on funding, viewed as a significant step toward ending the prolonged 40-day impasse.
The Senate approved the legislation late on Sunday with a 60–40 vote. Following this, it will be sent to the House, and if it passes, it will go to President Donald Trump for his signature.
According to CoinGecko, Ether was trading around $3,595 after a day of price swings. Prices fluctuated between roughly $3,503 and $3,648, closing out the day approximately +4% up.
According to DeFiLlama data, Ethereum stablecoins amount to approximately $167.2Bn. DEX volume over the past day reached around $1.848Bn, with roughly 464,000 active addresses.
During the same timeframe, spot trading volume approached $33Bn.
On the charts, ETH is positioned near a crucial weekly price floor level against Bitcoin, according to analyst Michaël van de Poppe.
The ETH/BTC pair has retreated from its recent peak around 0.045 Bitcoin. This shift occurred after a steep climb earlier this year, where the pair increased by more than 140%.
Ethereum’s valuation against Bitcoin is stabilizing in a vital demand zone near 0.032–0.035 Bitcoin, an area where buyers had previously made their stand.
The weekly chart indicates that the decline is slowing as the pair approaches the 20-week moving average, suggesting that the trading market might be stabilizing.
Trading volumes have decreased since the surge in the summer, reflecting diminished selling pressure. The RSI remains neutral, indicating potential for price breakout if momentum returns.
Analyst Michaël van de Poppe anticipates that ETH/BTC could hit short-term barrier level at 0.03450 Bitcoin.
A decisive move above this threshold might set the pair on a trajectory toward 0.045 Bitcoin, a level attained during a previous swing. Should the current base level falter, the next significant downside levels appear around 0.026 BTC and 0.019 Bitcoin.
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The post Can Bitcoin Hit $1M as Cathie Wood Renews Bold Call – And Will Ethereum Long-term holding Its 0.0345 BTC Level? appeared first on 99Bitcoins.
