Factors Affecting Bitcoin Price Trends in July

As Coinpedia pointed out, the BTC price has gradually reflected the exponential growth of global money supply (M2). The U.S. government needs to increase the budget deficit, which means that the money supply will increase in the short term, a very favorable factor for Bitcoin.

The performance of BTC in July will largely be influenced by the performance of the U.S. spot BTC ETF. Led by BlackRock's IBIT, the U.S. spot BTC ETF has recorded approximately $12.8 billion in net cash inflows over the past three months.

Meanwhile, monitoring the performance of large companies that have implemented Bitcoin fund management programs in July will help determine the price trend of Bitcoin. Additionally, the rising demand from institutional investors has led to a sharp decline in the amount of disposable Bitcoin on centralized exchanges, thereby exacerbating supply and demand shocks.