Bitcoin of the list of the United States
Fund negotiated in exchange (ETF) have attracted billions of investor capital in three months, in the midst of growing political pressure on the American federal reserve (Fed) To reduce rates.
The relentless flows now oblige traders “underpositioned” to continue the derivatives, reliving the bullish momentum in the cryptocurrency, according to Markus Thielen, founder of 10x Research.
“The sharp increase in Bitcoin ETF inputs since the end of April 2025 was mainly driven by political pressure on the Federal Reserve, with Donald Trump openly demanding that President Jerome Powell has reduced the rates to 1% and resigns. Said Thursday in a note to customers.
Trump’s repeated attacks on the federal reserve have rekindled memories of the similar actions of the Turkish president Erdogan between 2019 and 2021, which led to a large movement of Turkish assets and an accident in the LIRA. At the time, Erdogan issued several decrees rejecting the Central Bank officials so as not to reduce rates.
Meanwhile, Trump has repeatedly called for Powell’s resignation, saying that his reluctance to reduce prices costs billions of dollars in America. The report of the Fed meeting held from July 17 to 18 has shown an increasing fracture on how politics should take place from here. According to CNBC, opinions went from a “couple” of civil servants who declared that the next cup could arrive this month to “some” who thought that no reduction of this year would be appropriate.
The underpositioned bulls go up
The relentless flows, combined with increasing pressure on the Fed to reduce rates, finally oblige traders, who hesitated to engage in bullish trades, to fully reintegrate the market.
Since mid-April, FNB Bitcoin have accumulated a value of $ 15 billion in Bitcoin, and in particular, this purchase continued without interruption, even if Bitcoin has been consolidating since mid-May. This regular request now seems to force underpayment traders on the market, as suggested by the positioning of the derivative space, “said Thielen.
Merchants continued the purchase options for $ 130,000 strikes, as Coindesk noted at the start of this week. A purchase option represents a bullish bet on the market, with the demand for the call of $ 130,000 reflecting the expectations of an increase in prices above this level.
These bullish flows are consistent with the positive seasonality generally observed in July. The data followed by Corcinlass show that BTC has achieved a positive performance in July in eight of the past 12 years, with an average gain of more than 7%.
“Combined with a historically solid seasonality in July and potential optimistic catalysts for the next macro and political developments, the backdrop remains favorable to a new increase,” noted Thielen.
Bitcoin reached a record summit of almost $ 112,000 on certain exchanges on Wednesday evening, according to Data Source Coindesk.
