Bitcoin Dey Near All-Time High Because ETF Inflows and 80K BTC Movement
Bitcoin dey trade near im record high, e dey hold around $109,000, na strong ETF inflows plus better macro signs dey push am. Spot Bitcoin ETFs gatz net inflow of $667 million last week, wey show say big institutions still wan buy despite say volume low this season. U.S. Treasury delay new import tariffs till August and Fed talk say dem fit cut rates as early as September, e make risk appetite high. Goldman Sachs now dey predict say Fed go cut rates three times before year end, e shift market chances to say dem fit cut two times in 2025.
On-chain data show big whale move: 80,000 BTC from 2011 UTXOs move from P2PKH to better Bech32 addresses, e fit be for inheritance planning, security upgrade or quantum resistance. Big things wey dey come na June CPI and PPI inflation data, next Fed meeting, plus "Crypto Week" for Capitol Hill wey dem go vote on Digital Asset Markets Clarity Act and GENIUS stablecoin bill.
Bitcoin strong even with big whale action show say e dey mature well well. Traders suppose watch macro developments and whale flow as dem fit trigger short term price movement and long-term trend change.
Bullish
Di strong Bitcoin ETF inflow dem, plus say US tariff dem delay to start and Fed signals wey soft don make risk appetite plus institutional demand grow well well. That big on-chain transfer of 80,000 BTC mean say na long term holding dem dey do, no be to sell now. The inflation data wey dey come plus policy catalyst fit make momentum gbalaga. All these factors show say Bitcoin get beta outlook for short and medium term.