Why Bitcoin is Pumping?
✅ Positive Triggers:
1. Spot ETF inflows (US):
Billions of dollars have come into Bitcoin ETFs recently.
Institutions are buying heavily.
2. Rate Cut Expectations (Fed)
US Federal Reserve may cut interest rates in Sept.
Crypto usually pumps in low-rate environments.
3. US Crypto Regulation Progress:
Bills like the FIT21 & Clarity Act are gaining traction.
Market is hopeful for a clear legal framework in US.
4. Short Squeeze
Recent rallies liquidated over $1B in short positions.
Forced buying = price pushed even higher.