Bitcoin's Price Surge Anticipated with ETF Inflows

According to Odaily, a report by Cooper Research indicates that the influx of investor funds into Bitcoin exchange-traded funds (ETFs) is likely to drive a significant increase in Bitcoin's price. Data reveals that for every 10,000 BTC added to ETF holdings, Bitcoin's price could rise by an average of 1.8%. Analysts suggest that various data indicators show Bitcoin is poised for another substantial increase. The leverage-driven market frenzy is gradually subsiding, potentially leading to a more moderate price trajectory. Bitcoin's price is expected to reach $140,000 in September and could rise to $150,000 as early as the beginning of October.