PANews reported on July 3rd that according to 10x Research analysis, Bitcoin has experienced capital outflows for 98 consecutive days and is currently testing the upper limit of its consolidation range. Despite strong ETF fund inflows, continuous reduction of exchange balances, and political pressure on the Federal Reserve, Bitcoin price remains relatively stable. With the arrival of the traditional bull market season in July and upcoming labor market data, the market may be brewing a significant breakthrough.
The report noted that the key factors supporting Bitcoin's rebound since late April not only continue to exist but have also gained further support. Currently, Bitcoin is attempting to break through the critical level of $110,000, and low volatility provides investors with a rare opportunity to position themselves.
