Recent data indicates a significant increase in institutional investor interest in Bitcoin ETFs, coupled with Bitcoin's growing independence from traditional markets. This article reviews the main events and trends influencing the current situation.
Bitcoin ETFs Attract Institutional Investments
From July 10 to 11, Bitcoin ETFs recorded total inflows of approximately $6.6 billion over 12 days. BlackRock alone contributed nearly $500 million in a single day, highlighting the growing interest from institutional investors.
BTC Charts Show Familiar Rally Pattern
The daily chart shows Bitcoin forming a bullish structure similar to earlier movements. After a 6-day consolidation, the price may rally by 11.21% to $133,250.
Bitcoin Displays Independence from Markets
Analysis indicates that Bitcoin's correlation with the CBOE Volatility Index (VIX) is decreasing, standing at -59.91%. Low VIX levels may precede increased Bitcoin volatility and potential price movements.
The accumulation of these facts suggests that Bitcoin is becoming an increasingly independent asset, and rising interest from institutional investors may serve as a catalyst for its future price movements.
