ChainCatcher reports that according to Decrypt, research firm Cooper Research released a report indicating that as investors pour large amounts of funds into Bitcoin exchange-traded funds, a rise in Bitcoin price seems inevitable.
Data shows that for every 10,000 BTC added to ETF holdings, Bitcoin price can increase by an average of 1.8%. Analysts point out that from a series of data indicators, Bitcoin appears ready for another significant rise. As leverage-driven market frenzy gradually subsides, Bitcoin's price trend may follow a more moderate path, with expectations of potentially reaching $140,000 in September and possibly climbing to $150,000 as early as early October.
