Germany's lack of Bitcoin to sell, increased interest in Spot ETF, and the possibility of pro-Bitcoin Trump being elected president may lead Bitcoin to increase further. Bitcoin price may rise soon, there are some reasons to prepare now!

1. Germany No Longer Has Bitcoin to Sell

Germany recently ended its comprehensive #Bitcoin sale, which started on June 19. Because they no longer have any Bitcoins to sell. Over the past few weeks, the market has absorbed approximately $3.5 billion worth of Bitcoin liquidations. Despite this significant selling pressure, Bitcoin's price remained resilient at around $58,000. This stability amid major sell-offs is a strong indicator of underlying market strength.

Michaël van de Poppe emphasized this resilience on the social media platform X. He emphasized that markets have effectively absorbed this tremendous selling pressure. Since no further sales are expected from the German government, the absence of this significant downward pressure could keep the Bitcoin price moving upwards. 

In fact, as soon as Germany's Bitcoins were exhausted, it exceeded the $62,890 level as of the date of writing #BTC☀️ . We can say that this is the first harbinger of the suppressed rise. 

2. There is a Significant Increase in Bitcoin ETFs

Although there have been Bitcoin #ETF outflows in the past months, there is a serious Bitcoin ETF inflow in July. Moreover, these entries are global. This allows the whole world to see Bitcoin as a value investment. 

Bitcoin ETFs in Hong Kong increased their reserves by 28.6% since the end of June, raising a total of 4,941 BTC as of July 13. In Australia, the Monochrome Bitcoin ETF (IBTC) has also approached the 100 BTC mark since its launch.

Meanwhile, net inflows to United States Bitcoin ETFs exceeded $1.1 billion in just one week. This represents the highest weekly inflow on record. This increase in ETF investments underscores the growing institutional appetite for Bitcoin. With more capital flowing into the market, Bitcoin could push its price even higher.

3. FED May Lower Interest Rate

Economic indicators and Federal Reserve signals indicate a high probability of a rate cut that could significantly affect Bitcoin's price. Bloomberg analyst Mike McGlone predicted that the Federal Reserve would cut interest rates following the reversal in US stocks.

4. Whales Continue to Accumulate Bitcoin

According to statistics from #Blockchain analytics platform IntoTheBlock, Bitcoin whales acquired an additional 71,000 BTC in the last week. These whales benefited from the decline caused by the German sell-off.

Conclusion

At the moment, there seems to be no obstacle for Bitcoin not to rise. In addition to all these, the fact that Trump is ahead in the US presidential election is a harbinger of another rise. In short, Bitcoin may rise significantly soon. 

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