Cooper Research: Every additional 10,000 BTC in an ETF can push the average price up 1.8%, and may rise to US$150,000 in October
According to online reports, research firm Cooper Research released a report stating that as investors flood into Bitcoin exchange-traded funds, a rise in Bitcoin prices seems inevitable. Data shows that for every 10,000 BTC increase in ETF holdings, Bitcoin prices can rise by an average of 1.8%. Analysts pointed out that from a series of data indicators, Bitcoin seems to be ready to rise sharply again, and the leverage-driven market mania is gradually fading. Bitcoin's price trend may follow a more moderate path, with it expected to reach $140,000 in September and rise to $150,000 as early as early as October.
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