PANews, July 10 news, according to CoinDesk, Markus Thielen, founder of 10x Research, pointed out in a client report on Thursday that since late April 2025, the inflow of funds into Bitcoin ETFs has surged, mainly due to pressure from figures like Trump on the Federal Reserve. Trump publicly demanded that Chairman Powell lower interest rates to 1% and resign. Federal Housing Finance Agency Director Bill Pulte and Senator Cynthia Lummis also called for Powell's resignation. Meanwhile, the minutes from the Federal Reserve's July meeting showed that officials are increasingly divided over policy. The continuous inflow of ETF funds and increasing pressure for interest rate cuts have forced previously hesitant traders back into the market, driving a resurgence in bullish momentum for cryptocurrencies. Thielen stated that since mid-April, Bitcoin ETFs have purchased $15 billion worth of Bitcoin, and the buying has not stopped, with steady demand forcing traders to re-enter the market. Considering the seasonal performance in July and macro catalysts, the market continues to support further gains.
