Bitcoin is likely to remain range-bound, said Jeff Ko, chief analyst at CoinEx, pointing to three reasons why the backdrop has calmed down.
Oil has retreated from last week’s highs following another lull in hostilities between the US and Iran. The 10-year Treasury yield, approaching 4.7%, is doing some of the Fed’s tightening work on its own. And the Fed may want to keep its options open ahead of this week’s PCE inflation and second-quarter GDP data.
The bigger swing factor is companies. Apple, Microsoft, Meta and Amazon are all reporting this week, and Ko said their free cash flow and AI spending guidance could move Treasury yields and the Nasdaq, indirectly shaping the liquidity flowing into crypto.
Ko added that the composition of ETF flows will matter as much as the headlines.
