$BTC

On July 10, inflows into spot Bitcoin ETFs totaled $147.4 million. The positive trend continued for the fourth day in a row, according to SoSoValue.

During the specified period, investors invested $801.7 million in instruments.

The price of BTC is attractive for purchase despite all the recent FUD. There was information that the entry price for large whales was approximately 55 thousand. And the current local bottom confirms this. I assume that the chart is going south to remove liquidity by 51 thousand. A move even lower is unlikely (unless politics intervenes). Some positive news is the launch of trading on ETH. I think that the schedule’s march to the north will begin the day before, when the exact date is set. And this campaign will continue until the end of July and the market will freeze in anticipation of the Fed’s decision on the interest rate. The meeting will take place on July 30-31. There is a high probability that it will be left at the same level. Then it's time for vacations. they also want to relax on Wall Street.

And I don’t yet understand why Standard Chartered maintained expectations for Bitcoin to return to ATH in August.

The only explanation: during the holidays it is easier to manipulate.

In short: I’m waiting for the market to move with the launch of ETH trading and waiting for the traditional decline in August.