According to Odaily, a report by 10x Research indicates that Bitcoin is currently testing the upper boundary of its consolidation range as macroeconomic catalysts accumulate. The report highlights strong inflows into ETFs and a continuous decrease in exchange balances, which are adding pressure on the Federal Reserve. Despite these developments, price volatility remains limited. The market may be building momentum for a potential breakout, coinciding with the traditional bull market season in July.

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