Analysis: Each additional purchase of 10,000 BTC by the ETF could push the average price up by 1.8%, potentially rising to $150,000 in October

ChainCatcher news, according to Decrypt, research firm Cooper Research has released a report indicating that as a large influx of investor funds flows into Bitcoin exchange-traded funds, a rise in Bitcoin prices seems inevitable.

Data shows that for every additional 10,000 BTC held in ETFs, the price of Bitcoin can average increase by 1.8%. Analysts point out that based on a series of data indicators, Bitcoin appears to be ready for another significant rise. The leverage-driven market frenzy is gradually fading, and Bitcoin's price trajectory may take a more moderate path, with expectations of reaching $140,000 in September, potentially rising to $150,000 as early as the beginning of October.