July May Welcome Significant Volatility

K33 Research Director Vetle Lunde stated that July could become a month of increased volatility for Bitcoin, primarily driven by the policies of the Trump administration.

It is expected that Trump will sign a controversial expansionary budget proposal known as the "Beautiful Big Bill" before Friday. This bill could expand the U.S. deficit by $3.3 trillion, which Lunde believes is favorable for scarce assets like Bitcoin.

Another key date is the tariff deadline on July 9, by which Trump may adopt a tougher trade stance.

The third important milestone is July 22, which is the final deadline for the long-awaited cryptocurrency executive order to take action, at which point updates regarding the U.S. strategic Bitcoin reserves may be announced.

"July is full of potential Trump volatility," Lunde said. However, he noted that the crypto market is currently relatively stable, with no signs of excessive speculation. "There is no reason to expect a large-scale deleveraging in the crypto market, as leverage remains under control," he said, "This is conducive to maintaining spot positions, being patient, and entering a phase known for its seasonal calm."