Deribit COO Jean-David Pekigno has projected that Bitcoin could reach $138,000, attributing the recent price surge to macroeconomic influences, notably the US government shutdown. Since the shutdown commenced on October 1st, Bitcoin has appreciated nearly 10%. Pekigno highlighted that open positions on Deribit are concentrated around $138,000–$140,000, with a short-term target of $128,000–$130,000. Despite the bullish outlook, he cautioned about a potential short-term correction to $118,000–$120,000 as Bitcoin approaches overbought conditions.