Summary:

The Federal Open Market Committee meeting in September is considered the most impactful economic catalyst at the moment, as a rate cut is expected to drive upward momentum in the market if implemented. However, Bitcoin exchange-traded fund flows (currently $151.2 billion in assets under management) should be monitored as a key indicator of institutional trends. A balance of accommodative monetary policy with an increase in ETF flows could support achieving bullish targets, while regulatory hurdles (such as delays with the Solana ETF) may test recent gains.