Analysis: Every 10,000 BTC added to ETF holdings can push up the average price by 1.8%, and may rise to $150,000 in October
2025/07/20 20:53
PANews reported on July 20 that according to Decrypt, research firm Cooper Research released a report stating that as a large amount of investor funds poured into Bitcoin exchange-traded funds, an increase in Bitcoin prices seemed inevitable. Data showed that for every 10,000 BTC increase in ETF holdings, the price of Bitcoin could rise by an average of 1.8%. Analysts pointed out that judging from a series of data indicators, Bitcoin seemed ready to rise sharply again. The leverage-driven market frenzy was gradually fading, and Bitcoin's price trend might take a more moderate path. It is expected to reach $140,000 in September and rise to $150,000 as early as early October.
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.
You May Also Like
In the past 24 hours, the total network contract liquidation was 207 million US dollars, mainly long orders
PANews reported on July 20 that Coinglass data showed that in the past 24 hours, the cryptocurrency market had a total contract liquidation of $207 million, of which $158 million
Share
PANews2025/07/20 23:30
XRP rose 7.6% after Ripple co-founder Arthur Britto spoke for the first time in 14 years
PANews reported on June 24 that Arthur Britto, the mysterious co-founder of Ripple (XRP), released public content on the X platform for the first time this morning after 14 years
Share
PANews2025/06/24 16:08
Ohio Public Employees Retirement System increased its stake in Strategy by 21,499 shares in the second quarter of this year
PANews reported on July 20 that according to Barron's, the Ohio Public Employees Retirement System, one of the largest public pension funds in the United States, disclosed in a document
Share
PANews2025/07/20 21:46