Analysis indicates a significant correlation between Bitcoin ETF inflows and upward price pressure on the cryptocurrency.
Data reveals that each incremental addition of 10,000 BTC to ETF holdings correlates with an approximate 1.8% increase in Bitcoin’s average price.
Sustained accumulation of Bitcoin through these exchange-traded funds is identified as a key factor contributing to a potential bullish trajectory for the asset.
Projections suggest that, contingent on favorable market conditions and liquidity factors, Bitcoin prices could reach $150,000 by October.
Market participants are advised to monitor ETF inflow data closely as a critical indicator of evolving market trends.