The US erected spot Bitcoin
Exchange -traded funds (ETFS) have attracted billions in investor capital in three months, in the midst of rising political pressure on the US Federal Reserve (Fat) to reduce the rates.
The relentless streams are now forcing “subheading” traders to chase upwards through derivatives and revive the bullish momentum in cryptocurrency, according to Markus Thielen, founder of 10x research.
“The sharp wave of Bitcoin Etf flows since the end of April 2025 has been primarily driven by political pressure on Federal Reserve, with Donald Trump openly demanding that President Jerome Powell lowered the rates of 1% and resigns. What began as a partisan -push has since expanded, with federal housing final director Bill Stalte and Senator Cynthia LoMis Pows to get down, criticizes his Perceive Hake Hake Hake Stance Stance Stance Stance Stance Stance, “” “,” “” “,” “,” “” “” “,” “, He criticized, criticized his Perceive Hakian tribe spell Thielen said in a note to clients on Thursday.
Trump’s repeated attack on Federal Reserve has revived memories of Turkish President Erdogan’s similar actions between 2019 and 2021, led to a broadly based shift away from Turkish assets and a crash in Lira. At that time, Erdogan issued several decree who rejected the central bank’s officials so as not to cut down rates.
Meanwhile, Trump has repeatedly called for Powell’s resignation, saying his reluctance to reduce rates costs America billions of dollars. The protocol from the Fed Meeting, which was held on 17-18. July, showed a growing gap over how politics should continue from here. According to CNBC, statements of a “couple” of officials said that the next cut could come as soon as this month to “some” who thought there would be no reductions this year.
Subheading bulls re -entering
The relentless ETF streams, combined with growing pressure on bold to reduce the rates, finally force dealers who have hesitated to commit to Bullish trading, to enter the market to the full.
“Since mid -April, Bitcoin ETFs have accumulated Bitcoin of $ 15 billion, and this purchase in particular has continued to be uncertain, even when Bitcoin has been consolidating since mid -May. This constant demand now appears to have forced subheading dealers back on the market, as suggested by the location of data from the derivatives,” Thielen said.
Dealers have chased call options on Strikes $ 130,000, which Coindesk noticed early this week. A call option represents a bullish bet in the market, where the demand for the $ 130,000 call reflects the expectations of a price increase above this level.
These bullish currents are consistent with the positive seasonal provision typically observed in July. Data Tracked Coinglass shows that BTC has introduced a positive performance in July for eight of the last 12 years with an average gain of over 7%.
“Combined with historically strong seasonal provision in July and potential bullish catalysts from upcoming macro data and policy development remains background supportive for further upside,” Thielen noted.
Bitcoin hit a record height of almost $ 112,000 on some exchanges late Wednesday, according to Data Source Coindesk.
