Analysis: Every 10,000 BTC added to ETF holdings can push up the average price by 1.8%, and may rise to $150,000 in October

PANews reported on July 20th that according to Decrypt, research firm Cooper Research released a report indicating that as investors pour large amounts of funds into Bitcoin exchange-traded funds, Bitcoin's price increase seems inevitable. Data shows that for every 10,000 BTC added to ETF holdings, Bitcoin's price can rise by an average of 1.8%. Analysts point out that from a series of data indicators, Bitcoin appears ready for another significant rise. The market frenzy driven by leverage is gradually fading, and Bitcoin's price trend may follow a more moderate path. It is expected to potentially reach $140,000 in September and possibly rise to $150,000 as early as early October.